Less than one week ago, Nigerians took to social media to express gratitude over stolen $311 million (N118 billion) repatriated by the United States Government. Being part of the money looted by the country’s former Head of State, late Gen. Sani Abacha within his five-year rule. The US Embassy in Nigeria has however revealed that
Read moreTag: Abacha loot
We Don’t Have Record of $5bn Abacha Loot, Expenditure, FG Tells SERAP
The Federal Government has told the Socio-Economic Rights and Accountability Project (SERAP) that it had “no record of the exact amount of public funds stolen by a former military Head of State, Gen. Sani Abacha, and the spending of about $5 billion recovered loot for the period between 1999 and 2015.” The government’s response followed
Read moreFG Gets Ultimatum to Account for $5bn Abacha Loot
In Nigeria, the Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal Government to “disclose within seven days the exact amount of public funds stolen by former military Head of State, Gen. Sani Abacha, and details of spending of the about $5 billion of the loot reportedly recovered since the return of democracy in
Read moreNigeria Must Repay $308m Abacha Loot if it’s Stolen Again – US Warns
The United States has stated that the $308m Abacha loot which will soon be repatriated to Nigeria must be placed in an account and if the money is stolen from that account, Nigeria would be made to replace it. The Spokesperson for the US State Department, Morgan Ortagus, said in a statement that this was
Read moreWe’ll Monitor How Nigeria Spends US$308m Abacha Loot, Government of Jersey Warns
The Government of Jersey in the United States of America has said it would monitor how Nigeria spends the US$308 million looted by the late former Head of State, General Sani Abacha. This was contained in a press statement published on the website of the US Embassy and Consulate in Nigeria on Tuesday. The statement
Read moreHow We’ll Spend $308m Abacha Loot When Repatriated – AGF Malami
The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has stated how the country would spend the expected US$308 million looted by the late former Head of State, General Sani Abacha when it is finally returned. He said this while signing an Asset Recovery Agreement to repatriate over US$308 million of
Read moreUS$308m Abacha Loot: Nigeria, US Sign Repatriation Agreement
On Monday, 3 February 2020, the Government of Jersey, the Federal Republic of Nigeria and the Government of the United States of America entered into an Asset Recovery Agreement to repatriate over US$308 million of forfeited assets to Nigeria. The funds were laundered through the US banking system and then held in bank accounts in
Read more