This is a welcome development even though the condition may be intruding the independence of a State. However, it is better than to have the fund re-looted locally.

1km of railway is $4M, oya calculate from where to where

APCcrimesHD:
buhari no go like dese conditions at all


For him mind, na chop and go...no time

The same way Buhari gave Abacha recovered loot to ATM- Sambo Dasuki to be sharing to everybody that shouted PDP. Your case is pathetic.

Atimes I couldn't but say that corruption is part of the genetic makeup of most Nigerians. I know that this money will be looted no matter how they monitored it's spending for infra structural development.

Interesting

jumobi1:
Conditions ke? After accruing interest on our money you want to give conditions? I know our government can't be trusted but we shouldn't be given conditions. All the Swiss should do is ebcourage the government to use it wisely.
Did they even adjust the $$ for inflation?

Our leaders are stu.pid that's why..

Abacha loot ke?
I thought he didn't steal

my point exactly...benefitting Nigerians;every other cause is secondary,thats my take on this.

321million dollars.

I think the money should be invested solely in local content manufacturing..

APCcrimesHD:
buhari no go like dese conditions at all


For him mind, na chop and go...no time

IPOB, must you comment?

Abeg return our money make we chair am

Nice one from Switzerland. They use it to build railway for please.

APCcrimesHD:
buhari no go like dese conditions at all


For him mind, na chop and go...no time

him dey craze

Great gesture by the Swiss

Would suggest that part of the money be used to upgrade our hospitals. $321m can really do a lot

I thought buhari said abacha never stole anything so wia z dz all coming from now

Why can't we Nigerians vote on the project we need and let there be public legal tender. It should be open for the public. While the world bank finance and inspect the project personally. We cannot be trusted with money anymore.

APCcrimesHD:
buhari no go like dese conditions at all


For him mind, na chop and go...no time

Have u eaten this morning?

Adminisher:


World Bank and IMF are failure institutions. A country with talent like Nigeria should have an independent and superior point of view like Iran, India, Russia, China . We are too weighty to be pushovers . The only thing we got from NOI connections was 'fast money' and they have removed all that for higher returns in countries that their economies are not driven by oil like India
This is a good thing. All Nigeria needs is some DEVELOPMENT ECINOMICS not financial complexities that are not adding value.

We need ministers who think and do like Dangote . Practical implementation skills like the Chinese instead of commercial products that only yield on businesses like fuel importation or contracts with oil and gas companies.

The only talent we have is corruption... We r very good at this and we have no match

StOla:
They have realised that the Jonathan regime re-looted the returned Abacha loot that was returned, by using the funds to buy "arms" for electoral warfare.

They must now think that Africans,both the leadership and followers, must be truly incapable of running a civilised society.

Next they will ask to colonise Africans again - a request that has more merits than demerits.

Sad ugly truth you just said.

They should bring d money with interest joor...

Greyworld:
Switzerland has given conditions for repatriating $321m looted fund to Nigeria.

Part of the conditions is that the fund will be used for projects that will benefit Nigerians and they (the projects) must be monitored by the World Bank.

The Minister of Foreign Affairs, Geoffery Onyeama said that the government was working on the modalities for the repatriation.



Speaking shortly after holding a meeting with the Swiss Foreign Minister, Didier Burkhalter, on Tuesday in Abuja, Onyeama explained that Nigeria had signed an agreement with the Swiss government in the area of human right and migration.

He said, “It is $321m that we are looking at repatriating to Nigeria and the modalities are basically legal framework for that, mutual legal assistance framework that we are trying to put in place and there are pre-conditions that are also in place already and this requires monitoring mechanism.

“So, we have to agree beforehand as a pre-condition on what the money would be used for and the World Bank would be part of the monitoring process to ensure that the money is used for the benefit of Nigerian people.”

The Minister stated that Burkhalter’s visit was significant as it marked the commencement of the fund repatriation process, noting that other looted funds may be discovered in hidden accounts in Swiss banks.

Burkhalter said his country and Nigeria have a very constructive relation, adding that Switzerland planned to open a consulate in Lagos that would boost economic relations between the two countries.

He said his country would repatriate $321mn to Nigeria and pledged Switzerland’s continued assistance to IDPs in the country.

“We would continue to help in the humanitarian assistance in the North, for those who are suffering and we would try to write another chapter of the history of illicit asset recovery and restitutions from Switzerland to Nigeria,” Burkhalter said.

Source>http://www.punchng.com/switzerland-gives-nigeria-conditions-for-returning-321m-abacha/

the condition to use the money for Nigeria's development make sense ooooo but how about we giving them a condition that the money must be paid with all the interest accrued since its deposition

Should we thank Abacha for saving the money for a dry period as this??!

Thanks to Swiss Govt for that condition.
Now is the time for Buhari to use that money to paint back his fading name into our hearts...

I P ray they make wonderful decisions in the interest of the masses

APCcrimesHD:
buhari no go like dese conditions at all


For him mind, na chop and go...no time

Give us evidence to buttress your point that, Buhari's mind is to chop and go.
And also proof to us that Bukhari has involved in fraud or corruption case in the past.

Thank you.

Abacha never travel to Swiss, how come !!

#multinational settlement#.

Sincerely, I DONT TRUST ANY POLITICIAN again! Even d CHANGE i voted is a scam!!...wB should assist nig. Build infrastructures with d loot!!!

APCcrimesHD:
buhari no go like dese conditions at all


For him mind, na chop and go...no time

As your PDP did.

BigIyanga:
" Abacha was not corrupt" GMB

But for the way the loothed funds were relooted,we would have said GOD used abacha to save our money for times like this...

The questions i really still dont have answers to are...

1.How much was really looted by Abacha?
2. How many banks are having the looted funds and in how many countries?

I'm happy the whole world know that our leaders are greedy, wicked and self centred. Good one from Switzerland.

Owoloku1:
I don't see what else the money should be used for besides projects and development that will benefit the entire Nigerian populace..therefore I think that's a good condition.

what were the past returned loots used for? Did you know? I think the swiss has seen that all others were squandered heartlessly, hence the conditions. Which I really like anyway.

BigIyanga:
" Abacha was not corrupt" GMB

He was saving the money for future Nigerians abi?

APCcrimesHD:
buhari no go like dese conditions at all


For him mind, na chop and go...no time

**** u know Buhari is not lyk u people n u still accuse him of such ur attitude. U better change for gud. #Southeastppl