Ireland Signs Agreement to Return Abacha’s Over $1 Billion Frozen Funds to Nigeria.

Published On: August 14, 2020, 11:39 am
Author: kacy lee
-- (f) at 14-08-2020 11:39AM

(29280 | Addicted Hero)


Late Gen. Sani Abacha is still the gift that keeps on giving to Nigeria's Treasury even after his death.

Ireland signed an agreement with Nigeria for the return of funds misappropriated by Nigeria’s former leader, the late General Sani Abacha, who ruled the country from 1993 until his death in 1998.

The Criminal Assets Bureau (CAB) took part in an international operation linked to the case which led to the freezing of over $1 billion of assets worldwide, of which approximately €5.5 million was identified in a Dublin-based bank account.

The funds were frozen in a bank account in Ireland by CAB in October 2014. After an application by the Nigerian authorities last year, the High Court earlier this year made an order providing for the return of these assets to Nigeria, subject to a Memorandum of Understanding (MoU) between the two governments.



-- Bebold (m) at 14-08-2020 11:42AM
(2643 | Gistmaniac)

Hia this Abacha loots no dey finish ?
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-- gogoman (m) at 14-08-2020 11:49AM
(32520 | Addicted Hero)

make Ireland no return any kobo to naija government..... kobo i say!
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-- davinoguy (m) at 14-08-2020 12:04PM
(27 | Newbie)

This na another money dem go share among them selves thief’s and criminal looters.
Why can’t they even used all this money and pay China loan self.
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-- DrSoba (m) at 14-08-2020 12:21PM
(5160 | Gistmaniac)

Abacha really tried for Nigeria oooo. After more than 20 years of death, he is still blessing Nigeria. If only Nigeria could manage his blessings.
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-- DrSoba (m) at 14-08-2020 12:21PM
(5160 | Gistmaniac)

Abacha really tried for Nigeria oooo. After more than 20 years of death, he is still blessing Nigeria. If only Nigeria could manage his blessings.
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-- SweetDaddy1 (m) at 14-08-2020 12:40PM
(2817 | Gistmaniac)

Returning money Abacha stol looted to the same man who help to steal the money as petrolum fund chairman.
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-- ficull Online (m) at 14-08-2020 01:21PM
(2976 | Gistmaniac)

With the interest?
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-- randallstr (m) at 14-08-2020 02:12PM
(26 | Newbie)

See guys that money is a change.. Naija get problems.. Our population is something..

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-- olowoinlionsden (m) at 14-08-2020 02:14PM
(1665 | Gistmaniac)

This man must be a lunatic, to have stolen such a large chunk of our patrimony. What a foolish Country Nigeria is, that so many important monuments are still named after him. Our premier Head of State, Major General Johnson Thomas Umunake Aiguiy-i_Ironsi hardly had a Street named after him in our so-called Nation's Capital. Cry
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-- Wazubia (m) at 14-08-2020 04:35PM
(6386 | Gistmaniac)

 Roll Eyes Roll Eyes Roll Eyes
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-- kima77same (m) at 14-08-2020 04:54PM
(1233 | Gistmaniac)

IT IS ONE THING FOR THE LOOTED MONEY TO BE RETURNED; IT'S ANOTHER FOR THE MONEY NOT TO BE RELOOTED BY THE ABACHAS OF TODAY
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