Home ENGLISH ABACHA LOOT: Swiss Govt To Return $321M Stolen Funds To Nigeria

ABACHA LOOT: Swiss Govt To Return $321M Stolen Funds To Nigeria


The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has said the government of Switzerland is set to return in tranches the sum of 321 million dollars stolen from Nigeria and stashed in the foreign nation by the late former Head of State, Gen. Sani Abacha, and his family.

A statement from the minister’s office, stated on Tuesday that this followed a tripartite Memorandum of Understanding signed by Nigeria along with Switzerland and the World Bank in the United States of America.

According to the statement, Malami, on behalf of Nigeria, signed the MoU alongside representatives of Switzerland and World Bank at the ongoing Global Forum on Asset Recovery in the US.

It said the Director of the Directorate of International Law and head of the Swiss delegation to the GFAR, Roberto Balzaretti, signed the MoU on behalf of the government of Switzerland and the Country Director of the World Bank office in Abuja, Rachid Benmessaoud signed on behalf the World Bank.