Government of Switzerland said it had returned to the Nigerian government about $700m traced to the late military Head of State, General Sani Abacha.

Ambassador of Switzerland to Nigeria, Dr. Hans-Rudolf Hodel, stated this in Abuja at a press briefing ahead of a two-day seminar on Anti Money Laundering and Combating Financing of Terrorism.

Hodel added that the Swiss government would be ready to reopen the case if Nigeria presents fresh evidence of any money still being held in any Swiss bank.

“Switzerland and Nigeria agreed to request the World Bank to participate in the review of the use of funds, in the framework of a budget control process of various welfare projects,” he said.

The envoy, who maintained that Switzerland had no interest in withholding illicit funds, said his country had returned about $1.7bn to their countries of origin in the last 15 years.

He, however, said his country had yet to receive any request for information on the November 4 Berne Declaration report: Swiss Traders Opaque Deals in Nigeria, which allegedly accused the Nigeria National Petroleum Corporation of conniving with some Swiss-based oil firms of fraudulent deals worth $6.8bn.

“I have no knowledge that we have been contacted by the authorities. In case they will start proceedings and they will need our help; of course with international legal cooperation, we will help them if they approach us. But until now, they have not approached us,” he said.

He said however that the report by the Berne-based NGO did not represent the position of the Swiss government.

And yet Nigeria still gets Financial Aids from World Bank while the Masses are still suffering! O Lord Help Nigeria!

Its just very bad all the loots are being returned while more terrible thieves are in-charge. Since Oduah got away with hers, Allison-Madueke should better prepare for her own car purchase. too. What a daft country.

Our money is shared among these thieves that call themselves leaders.

should be obvious that Abacha is scapegoat to hoodwink gullible Nigerians that something is being done about looting whilst massive ongoing looting continues.
[size=22pt]Can someone explain how Abacha could have looted with oil selling at $9 / barrell

and managing to reduce debt by $7-9Bn

and increasing our reserves by $7-9Bn and refusing IMF loans.

with exchange rate :$1=N22

With fuel: N14 per litre

Establishing PTF and asking Buhari to run it to improve infrastructure

Whilst prosecuting 2 wars in Sierra leone and Liberia

All this whilst the enemies of Nigeria were imposing sanctions against Nigeria

Abeg gullible Nigerians , start thinking.

Don't you realise that enemies of Nigeria want to demonise our heros, whilst ignoring the real looters like Obasanjo and IBB?

They dishonestly scapegoat Abacha whilst massive unprecedented looting continues.[/size]

Until the price of BRT reduce from 120 to #60 I won't belive that Abacha loot is now in Nigeria