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Nairaland Forum / Nairaland / General / Politics / Abacha Loot: US To Return $480million To Nigeria (593 Views)
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Abacha Loot: US To Return $480million To Nigeria by chesterlee(m): 8:09am On Aug 08, 2014 |
The U.S has taken control of $480million which is part of money stolen by former military dictator General Sani Abacha, after a court ruling in D.C on Wednesday August 6th. The U.S Department of Justice will now hand over the stolen money to Nigerian government, U.S government spokesman said yesterday. According to court documents, late General Abacha, his son Mohammed Sani Abacha, their associate Abubakar Atiku Bagudu and others embezzled, misappropriated, extorted money from the Nigerian government and stashed them in various banks across the world. Continue... During investigations, $303 million was found in two bank accounts operated by Abacha and his cronies in the British offshore center of Jersey while $144 million was also found in 2 bank accounts they operated in France. Continue... They also operated three accounts in the UK and Ireland which had at least $27m. Investigations are still being carried out on claims to another $148 million in four investment portfolios in the UK. Prosecutors say they laundered funds by buying bonds backed by the United States using U.S. financial institutions including banks such as the Deutsche Bank AG, HSBC Holding Plc and Banque SBA. Assistant Attorney General, Leslie Caldwell said in the statement “Rather than serve his county, General Abacha used his public office in Nigeria to loot millions of dollars, engaging in brazen acts of kleptocracy". In June 2014, after a 16 year court battle, Nigeria was able to recover $228 million stolen by Abacha and his associates and deposited in Liechtenstein. SOURCE: lindaikeji..com/2014/08/abacha-loot-us-to-return-480million-to.html?m=1
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Re: Abacha Loot: US To Return $480million To Nigeria by ofala(m): 8:15am On Aug 08, 2014 |
Wouldn't he have developed just his home state, Kano with this. and I know that this ain't even one tenth of his massive loot *.... ..and some guys up there are crying for marginalization while celebrating somebody like this* 1 Like |
Re: Abacha Loot: US To Return $480million To Nigeria by bish2(m): 8:21am On Aug 08, 2014 |
Disadvantages of hiding d yam u stole in ur father's house in your friend's father's house. Abacha dem just carry free meal dash Obama dem household. There is God oooo |
Re: Abacha Loot: US To Return $480million To Nigeria by Nobody: 8:25am On Aug 08, 2014 |
haha, this slowpoke, motherfucker is getting richer everyday. |
Re: Abacha Loot: US To Return $480million To Nigeria by Ijawboi(m): 8:58am On Aug 08, 2014 |
Wetin we 1 use d money do? Abeg give am to country wey fit use am do beta tin. |
Re: Abacha Loot: US To Return $480million To Nigeria by BlackBaron: 9:04am On Aug 08, 2014 |
What about the accrued interest (if any) over the years? Do we get to have it back too? |
Re: Abacha Loot: US To Return $480million To Nigeria by chesterlee(m): 9:13am On Aug 08, 2014 |
BlackBaron: What about the accrued interest (if any) over the years?You have a point there...the interest must have accumulated massively! They have to pay up! |
Re: Abacha Loot: US To Return $480million To Nigeria by Greatihex(m): 9:16am On Aug 08, 2014 |
Nawao 4 dis African Salad o. |
Re: Abacha Loot: US To Return $480million To Nigeria by Nobody: 9:27am On Aug 08, 2014 |
Propaganda! sensible people should first ask: What Concerns USA with Abacha Loot? Why is it only now after 16years that USA is getting involved? So Abacha "Loot" is the only loot that exists?? - USA cannot locate any of our missing $20 billion. Truth is you are being deceived and USA are assisting our govt to deceive you into believing that lootin started and ended with Abacha, and the irony is Abacha did not actually loot and I have presented court documents which prove that Abacha has never been proven to have looted the money being referred as "Abacha Loot" |
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