See the Conditions Switzerland Gave Nigeria to Return Abacha’s Loot

Part of the conditions is that the fund will be used for projects that will benefit Nigerians and they (the projects) must be monitored by the World Bank. The Minister of Foreign Affairs, Geoffery Onyeama said that the government was working on the modalities for the repatriation.

Speaking shortly after holding a meeting with the Swiss Foreign Minister, Didier Burkhalter, on Tuesday in Abuja, Onyeama explained that Nigeria had signed an agreement with the Swiss government in the area of human right and migration.
He said, “It is $321m that we are looking at repatriating to Nigeria and the modalities are basically legal framework for that, mutual legal assistance framework that we are trying to put in place and there are pre-conditions that are also in place already and this requires monitoring mechanism.
“So, we have to agree beforehand as a pre-condition on what the money would be used for and the World Bank would be part of the monitoring process to ensure that the money is used for the benefit of Nigerian people.”
The Minister stated that Burkhalter’s visit was significant as it marked the commencement of the fund repatriation process, noting that other looted funds may be discovered in hidden accounts in Swiss banks. Burkhalter said his country and Nigeria have a very constructive relation, adding that Switzerland planned to open a consulate in Lagos that would boost economic relations between the two countries.

He said his country would repatriate $321mn to Nigeria and pledged Switzerland’s continued assistance to IDPs in the country.

“We would continue to help in the humanitarian assistance in the North, for those who are suffering and we would try to write another chapter of the history of illicit asset recovery and restitutions from Switzerland to Nigeria,” Burkhalter said.

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Posted: at 9-03-2016 01:15 PM (8 years ago) | Addicted Hero

Good enough reason but must you monitor us??? Just be careful, be very very careful, CAREFULLLLLLLL........

Posted: at 9-03-2016 01:23 PM (8 years ago) | Newbie

nice move by the Switzerland government.

Posted: at 9-03-2016 01:58 PM (8 years ago) | Hero

Can you imagine a country monitoring anoda country dis is very bad and embarrassing, all bcos of the stupidity and the greed of our leaders, u leaders  make una cover una eyes with una hand. Honestly all Nigerians leader dem suppose stone u guys to death ni always bring shame to the country useless people.

Posted: at 9-03-2016 02:01 PM (8 years ago) | Newbie

Very very good, Long live swiss, God has already blessed your land.for fighting for the poor Nigerians

Posted: at 9-03-2016 02:17 PM (8 years ago) | Gistmaniac

Pls u people shud not bring d loot to nigeria,these thieves have perfected ways of looting.. They will manoeuvre it..swiss make us still keep d money

Posted: at 9-03-2016 02:41 PM (8 years ago) | Gistmaniac

@hrtmender u are the bigest fool i have ever meet in this nigerplus if person won look for better mad man way sabi write book make him come nigerplus them fool here wala  even gogoman way i tink say na him mad pass i no know say madness him self dey here the way i observe u i be like say na goat your mama carry u give make him breasfeed u for small pikin that is why u get this kind animal mentality
For your mind be say nigeria get president


 
Make i talk with better poeple jare i beg swez goverment if posible make una  monitor the projet by una self i for happy wella so that stupid jonathan and buhari the nama and others go know say na criminal ice the world carry dey look them last time the hegoat say nigerians are criminal  but now him na number one criminal

Posted: at 9-03-2016 03:04 PM (8 years ago) | Upcoming

Why only Abacha?other list of people still alive with stolen money kept in same Switzerland & other European countries & America. Because the latter is dead.The latest list of names published by U K daily mail of those having stolen money in foreign accounts are known to the present government. What are will talking about?

Posted: at 9-03-2016 04:54 PM (8 years ago) | Upcoming

i no blame them, na we give dem chance.

Posted: at 9-03-2016 06:34 PM (8 years ago) | Gistmaniac

yes for real they wil share  it immediately

Posted: at 9-03-2016 07:14 PM (8 years ago) | Hero