The Federal Government has recovered £22.5m
(about N6.18 billion) loot from the family of the late
Head of State, Gen. Sani Abacha. There are plans to recover $400million more, it was
learnt yesterday. The money is stashed away in the tiny Island of
Jersey from where the £22.5m was recovered two
weeks ago. Jersey is an Island off the coast of Normandy,
France. Jersey and the Bailiwick of Guemsey are often
referred to as the channel of Islands. They are not
part of the United Kingdom (UK), but the UK is
constitutionally responsible for the defence of
Jersey. Although not part of the European Union, Jersey
is treated as a member for the purposes of free
trade in goods. The latest recovery adds to the millions of dollars
and pounds recovered from the family of Gen.
Abacha, who died 13 years ago. It was gathered that the loot was recovered by a
three-man negotiating team, led by Attorney-
General of the Federation Mohammed Bello Adoke
(SAN). The team visited the Island. Damien Dodo (SAN) and Economic and Financial
Crimes Commission (EFCC) Secretary Emmanuel
Akonmaye were on the delegation. A source, who spoke in confidence, said: “Gen.
Abacha stashed the funds through a Lebanese. “When the Office of the AGF was alerted by a
whistle-blower, the government opened
discussions with the Attorney-General of the Island
of Jersey, who cooperated fully with the
government, leading to the repatriation of the
£22.5m. “An agreement was signed with Adoke’s team and
the loot has been repatriated to the Federal
Government’s treasury.” The source, however, added that in the process of
repatriation of the N6.18billion, $400million was
uncovered. The source added: “Again, the AG of the Island of
Jersey has offered to cooperate with the Federal
Government to repatriate the $400million. “We will soon start negotiation with the
government of Island of Jersey.” The Abacha family is said to be panicky over the
government’s fresh moves. It was gathered that the family was shocked by
the return of the Minister of Finance, Mrs. Ngozi
Okonjo-Iweala. A source said: “Some members of the family have
not been comfortable since the return of Mrs
Okonjo-Iweala, who facilitated the repatriation of
over $600m stashed away by the family in
Switzerland. “As if to underscore her determination to repatriate
more looted funds, Okonjo-Iweala even wrote a
letter of commendation to AGF Adoke to
encourage him to help relocate more of Abacha
loot in other parts of the world. “Some members of the Abacha family have been
meeting with some government officials to prevail
on the government for reprieve.” Speaking at the opening ceremony of the National
Seminar on Economic Crimes, held at the EFCC
Training School in Abuja yesterday, the AGF
alluded to the recovery of the looted fund, but did
not give details. He said: “Only recently, we negotiated the
recovery and repatriation of the sum of £22.5m
from the Island of Jersey, being the proceeds of
money laundered from Nigeria. “I wish to seize this opportunity to commend the
Attorney-General of Jersey for the support and
co-operation we received and urge other
jurisdictions to also extend to us the much-needed
cooperation to enable us repatriate stolen assets
within their jurisdictions.” Adoke said: “We also intend to vigorously pursue
stolen assets and the confiscation of other
instrumentalities of crime within the country by
strengthening our confiscatory and forfeiture laws. “In this regard, we have commenced work on a
comprehensive Assets Forfeiture legislation that will
address the present inadequacies in our various
laws. “The Nigerian Proceeds of Crime Act and Bribery
Act are also in the pipeline. What these legislative
interventions portend for Nigeria is that we are
actively responding to global initiatives to make
corruption a high-risk venture that is ultimately
not rewarding. “Other notable initiatives that we have embarked
upon at the Federal Ministry of Justice is the
drafting of Regulations to give effect to the
Terrorism (Prohibition) Act 2011 to aid the
effective prevention and prosecution of terror-
related acts and the Regulations to give effect to the Freedom of Information Act 2011.”
thenationonlineng.net/2011/index.php/news/18556-n6-18b-abacha-loot-recovered.html

Woah!! Effing deep!! So who really gets to keep all that bounty!?

ragdollz:

Woah!! Effing deep!! So who really gets to keep all that bounty!?

maybe we should leave it with the family if that is what you are interested to find out.

werepeLeri:

maybe we should leave it with the family if that is what you are interested to find out.

We-eeeelll I was kind of hoping they'd line us all up and share the loot among us one by one - I bet if they did each Nigerian would be able to buy a car with their share !!!

I thought Ribadu said Obasanjo is more corrupt than Abacha? How come we're loosing count of the amount recovered from Abacha loot?
All there almajiri fools have no truth in their mouth.

Very interesting that this story emerges the after news that Ribadu had said Obasanjo much more corrupt than Abacha,

The story was carried by The Nation a pro - PDP newspaper.

Nigerians please shine your eyes well.

Most of our newspapers are on the pay roll of either OBJ or IBB.

If indeed Buhari did say that Abacha never looted, then Iam inclined to believe him. Otherwise I am notsurewhether he looted or not as there are a lot of misinformation from papers owned by Babangida or Obasanjo, to distract attention from billions of dollars they looted.
I estimate Obj looted over $100 billion and IBB looted about $15billion.

What happened to the one recovered by the previous administrations?

They are all thieves including GEJ and Alams! Alongside their boss OBJ, they are more corrupt than Abacha

It's just unfortunate that Abacha is a scape goat used to boast every administration's fight against corruption.

The next government will recover more Abacha loot, then the next after and it will continue like that till we finally break up.

GenBuhari:

Very interesting that this story emerges the after news that Ribadu had said Obasanjo much more corrupt than Abacha,

The story was carried by The Nation a pro - PDP newspaper.

Nigerians please shine your eyes well.

Most of our newspapers are on the pay roll of either OBJ or IBB.

If indeed Buhari did say that Abacha never looted, then Iam inclined to believe him. Otherwise I am notsurewhether he looted or not as there are a lot of misinformation from papers owned by Babangida or Obasanjo, to distract attention from billions of dollars they looted.
I estimate Obj looted over $100 billion and IBB looted about $15billion.

i can see tribalism is ur problem. u always see notin wrong in northern muslim even if he stole trillion dollars thats why northerners voted en mass for bughari out oif religious begot n tribalism. shame on u all. parasites,

They are recovering loot from Abacha cos the man is dead and he is the last military dictator Nigeria had. Perhaps the worst too, If he was alive, this wouldn't happen. He indeed is just a scapegoat, And he wasn't OBJs friend

My friend if you review all my threads you would learn that I am not tribalistic.

I am Igbo.

The truth is the truth.

OBJ is the biggest looter in African history.

Obj devalued Naira by 500% -Fact

Abacha never devalued Naira - Fact

Obj looted and mismanaged Nigeria Airways causing it to close down - Fact

This is change to buy apple

GenBuhari:

Very interesting that this story emerges the after news that Ribadu had said Obasanjo much more corrupt than Abacha,

The story was carried by The Nation a pro - PDP newspaper.

Nigerians please shine your eyes well.

Most of our newspapers are on the pay roll of either OBJ or IBB.

[b]If indeed Buhari did say that Abacha never looted, then Iam inclined to believe him. Otherwise I am notsurewhether he looted or not as there are a lot of misinformation from papers owned by Babangida or Obasanjo, to distract attention from billions of dollars they looted.[/b]I estimate Obj looted over $100 billion and IBB looted about $15billion.

you must either be underage or lived in space. It is only Buhari and his cohorts who benefitted from Abacha that said Abacha never looted. Even Abacha families admittec they sto;e Nigeria dry.

Only Buhari benefitted from Abacha? You are very misinformed.
Also Abacha family never ever admitted that Abacha looted.

To be honest Iam not sure whether he looted or not, but I know Buhari is a honest man who never looted himself,and if Buhari truly said Abacha never looted, then I believe Buhari. He has know reason lie.

Abacha's economic record seems to support the assertion he never looted.

Check out this thread on Nigeria's history since independence via news stories and videos.

https://www.nairaland.com/nigeria?topic=693700.msg8759449

Alxmyr:


you must either be underage or lived in space. It is only Buhari and his cohorts who benefitted from Abacha that said Abacha never looted. Even Abacha families admittec they sto;e Nigeria dry.