Sani Abacha Switzerland To Return Sani Abacha 'Loot' To Nigeria

Switzerland will return to Nigeria some $380m (£260m) allegedly looted by ex-military ruler Sani Abacha.

  • Published:
  play Ex-military ruler of Nigeria, Sani Abacha
24/7 Live - Subscribe to the Pulse Newsletter!

Switzerland will return to Nigeria some $380m (£260m) allegedly looted by ex-military ruler Sani Abacha, an official has said.

The transfer, to be conducted under the supervision of the World Bank, will end a 16-year case against the Abacha family.

Switzerland has already returned $700m, following appeals from Nigeria.

Abacha ruled the oil-rich West African state with an iron fist from 1993 until his death in 1998.

Soon thereafter, Nigeria's new rulers asked Switzerland to help it recover $2.2bn that he had reportedly stashed in European bank accounts.

'Transparency'
The $380m was seized in 2006 in Luxembourg, following a request from Swiss authorities, the Geneva prosecutor's office said in a statement.

The BBC's Will Ross reports from the main city, Lagos, that massive corruption still plagues Nigeria.

Billions of dollars are alleged to have gone missing from the state oil firm in recent years, he says.

The World Bank has been asked to oversee the return of the latest money, presumably to add a degree of transparency, our correspondent adds.

Democratic rule was restored in Nigeria a year after Abacha's death.

Source: BBC

Recommended Articles

Recommended Videos





Top Articles

1 Confession This is the real story behind Atta Ayi's arrestbullet
2 Corruption Mahama officials refunding wrongly pocketed NCA cash – Ministerbullet
3 Helicopter Saga Ghana Gas: ‘missing’ helicopters with militarybullet
4 Sex Trade Fetish priestess arrested for recruiting young girls...bullet
5 Corruption Fight Radio station host leads massive "Fabewoso"...bullet
6 Corrupt Officers BNI investigates Mahama's gov't officials...bullet
7 Grabbed Trafficking ring busted, 7 girls rescuedbullet
8 Central Region Arsonists planning to burn Kotokuraba...bullet
9 Sources Extension of military age: Ghana risks having...bullet
10 Congratulations Mahama's son graduates from Universitybullet

Top Videos

1 Video Edward Gyampana is the teenage design genius who needs your helpbullet
2 AMERI Power Plant AMERI lacks expertise in power projects – Philip Addisonbullet
3 Meet "The Beast" President Obama's Cadillac that's more tank than carbullet
4 In Zimbabwe President Mugabe’s 70 year-old aide marries his...bullet
5 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
6 TRAGEDY Fire guts Coconut Grove Hotelbullet
7 Watch Stop taking collection in churches -TB Joshua to Pastorsbullet
8 Video Police officer attacked at Flagstaff Housebullet
9 Vitiligo Enam Honya - is challenging what you think...bullet
10 Ghana@60 Agya Koo embarrassed Ghana at Independence...bullet

News