Switzerland to return $380million Abacha loot to Nigeria


The Swiss government has concluded plans to return
$380 million to Nigeria, which is part of money stashed
in Swiss banks by former dictator, Gen. Sani Abacha
while he was in power.
Geneva prosecutors said today Tuesday March 17th
that they ordered the money seized in Luxembourg
starting in 2006 & was officially confiscated last year
following an agreement between Nigeria and the
Abacha family under which FG dropped its case against
Abacha’s son, Abba Abacha.
Switzerland has previously returned to Nigeria more
than $700 million that Abacha stashed in Swiss
accounts. If the Swiss government makes this new
cash return, it would bring the total amount of
Abacha’s loot returned so far to $1.080 billion.


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