A total of 22.5 million euro has been recovered by the Federal Government from the confiscation on money laundered by General Sani Abacha.

Speaking at the ministerial platform in Abuja, the Minister of Justice, Mohammed Adoke said a total of 175 million euro was also recovered from the family of the late head of state following a confiscation order by the Supreme Court of Liechtenstein.

Mr Adoke listed measures taken by the federal government to reform the nation’s criminal justice system.

General Abacha had ruled Nigeria as a military Head of State between November 17, 1993 and June 8, 1998, when he died suddenly of a heart attack. As a result, General Abdulsalami Abubakar became the head of state and within a short time, he re-established democracy in Nigeria, arranging for general elections that resulted in the emergence of Olusegun Obasanjo assuming the presidency as the democratically elected leader of the country in 1999.

Before Mr Obasanjo took office, Mr Abubakar’s government had delivered a clear message that the late Abacha had looted huge sums, and they had to be restored. Members of the Abacha family and some of their accomplice then ‘voluntarily’ returned about $1 billion to the Federal Government. In 2002, the Obasanjo administration tentatively came to an agreement with the Abacha family to return another $1 billion out of the $1.1 billion that had been identified, traced and frozen, with the quid pro quo that the Abachas would be allowed to keep balance that had been assessed not to be of criminal origin.

The arrangement was not well received by the masses. Although the proposal caused a massive outcry for seeming to reward the theft of public funds, it was subsequently rejected by the late dictator’s son, Mohammed Abacha, who continued to maintain that all the assets in question were legitimately acquired. The highest sum that had in the past been traced to the family ranged from $3 billion to $5 billion, which includes money allegedly derived from misappropriation of funds from the Central Bank of Nigeria, bribes received from multi-nationals, among others.

The Swiss government last December said that it has so far returned to Nigeria the sum of $700 million stolen by the late dictator and deposited in several Swiss banks. In addition to freezing about $640 million, the Swiss judicial authorities handling the case have also indicted Mohammed Abacha and Atiku Bagudu under Swiss legislation regarding money laundering, fraud and taking part in a criminal organisation.

Source: http://www.leadershub.org/news/nigeria-recovers-more-billions-of-abachas-loot/

see as them dey call billions (of dollars sef) like say na child's play. On a more serious note, Abacha really dealt with Nigeria

Patience Hippopotamus Jonathan don hammer

bella berry: see as them dey call billions (of dollars sef) like say na child's play. On a more serious note, Abacha really dealt with Nigeria

Imagine, this looting happened decades ago when that much money had more worth than it did now.

My issue with this discovering of Abacha loot everyday is " is it only Abacha that have looted Nigeria's money and stashed it in european banks" What about all other public servants like past heads of state and governors who have stolen more than Abacha.

I believe Abacha is being singled out because he was antagonistic of the west and confronted them.

Imagine, they have been unable to discover $1 of Babangida's loot but they are forever discovering millions and billions of Abacha loot.

Texas.Cowgirl:


Imagine, this looting happened decades ago when that much money had more worth than it did now.

no wonder his son say they can't be as poor as dangote. one day they may beg for food. fools. he could have looked for a way to reinvest the money into nigerian economy secretly.

It's a pity the money wasn't invested wisely. But as wirinet rightfully asked: What about IBB and his ill-gotten wealth ?

Abacha stole more than what his families could ever use in their life time. There are still stolen wealth yet to be recovered from the Abacha family.

takeprofit:
no wonder his son say they can't be as poor as dangote. one day they may beg for food. fools. he could have looked for a way to reinvest the money into nigerian economy secretly.

It was the mother that said it!! She said no matter the amount of money they seize from them,they'll never be as poor as dangote!!

During the last election in kano,the senior son that was contesting under CPC bought cars for all the CPC ogas in kano and distributed a lot of money!! But at the ending he wasn't even the flag-bearer of CPC!

Mazan kwarai

End shall neva wonder! Otuocha! I mean Ooops!!

I do not understand why my people are so hypocritical. All nigerian public servants from independence have looted. I know of a first republic politician whose children are still discovering new swiss accounts more than 45 years after his death. All the childern(and they are numerous) are living large with no visible means of income apart from their inherited loot.


Looting of public funds is a culture in Nigeria and people should stop behavng as if it was only Abacha that looted.


Most Nigerian billionaires made their money from looting public funds and not from creating any value. It is accepted that once you became the head of state, a governor or even minister you are expected to be a billionaire before you leave.

What an 'Abacha'.

So is this good ?

The money just left one hand to another...Stil on stories

wirinet: I do not understand why my people are so hypocritical. All nigerian public servants from independence have looted. I know of a first republic politician whose children are still discovering new swiss accounts more than 45 years after his death. All the childern(and they are numerous) are living large with no visible means of income apart from their inherited loot.


Looting of public funds is a culture in Nigeria and people should stop behavng as if it was only Abacha that looted.


Most Nigerian billionaires made their money from looting public funds and not from creating any value. It is accepted that once you became the head of state, a governor or even minister you are expected to be a billionaire before you leave.

GOD BLESS U SIR
I ALSO REMMEBER A LOCAL GOVERNMENT CHAIRMAN WHO AFTER HE LEFT HIS POSITION,
NUTHING CHANGED MUCH; SAME CAR, SAME HOUSE AND I REMEMBER HOW PEOPLE INSULTED HIM
THEY CALLED HIM A FOOL FOR NOT LOOTINGI GUESS ITS TRUE GOD GIVES A PEOPLE THE
KIND OF LEADERS THEY DESERVE ABACHA WAS 1 MAN, TODAY WE HAVE HUNDREDS OF ABACHAS

Texas.Cowgirl:
Patience Hippopotamus Jonathan don hammer

can u read at all

Thesame abacha wey die ontop fresh indian tOt* ?

Pray, who will account for how the recovered money is spent.; the current looters?

Abacha should rott in the most deeeeeeeest part of Hell fiyya...the one that looks like a swimming pool.....magma..

if hell exist oo!!! which i dont know....hahaa..na wa oo how can some one steal so much....like dis ..till date dem still dey recover ....like say na hidden monument..sems they need the hands of archeologists to discover more

ALL PAST LEADERS LOOTED, PRESENT ARE STILL LOOTING, FUTURE WILL STILL LOOT....THATS ALL. THERE'S NO CORRUPTION IN NIGERIA, IT'S NOW A WAY OF LIFE. ANYONE REMEBER WHEN POLICE USED TO HIDE TO COLLECT 20 NAIRA ON THE ROAD? NOW THEY DEMAND IT AT GUN POINT OPENLY (WAY AM). ABACHA AND BABANGIDA ERA, THERE WHERE FEW OF THEM LOOTING. NOW , THERE ARE SO MANY SO NIGERIA IS LOOSING MORE AND MORE MONEY......NOTHING CAN BE DONE. NIGERIA HAS DECAYED AND DECOMPOSED. IT'S ALL OVER.

wirinet: I do not understand why my people are so hypocritical. All nigerian public servants from independence have looted. I know of a first republic politician whose children are still discovering new swiss accounts more than 45 years after his death. All the childern(and they are numerous) are living large with no visible means of income apart from their inherited loot.


Looting of public funds is a culture in Nigeria and people should stop behavng as if it was only Abacha that looted.


Most Nigerian billionaires made their money from looting public funds and not from creating any value. It is accepted that once you became the head of state, a governor or even minister you are expected to be a billionaire before you leave.

this is all we ll hear about the money, what of the previous ones

.

What have they done with the recovered ones...

My problem for nigeria is dis, having discover several billions of dollars looted by different pple. What do they do with this money. All they do is declare the recovery and it dies there.

Abacha is now a scapegoat because he's dead. If he only he didn't die, he'd have been living like IBB

J12: Abacha is now a scapegoat because he's dead. If he only he didn't die, he'd have been living like IBB

Brother- 17,000 likes for you.

i don die oooo........chaiii Abacha don kill us....if they share that money, 5million naira each, it will go round Nigeria and Ghana, change go still dey oo

so how dem wan take do the money wey dem recover now?? Just curious!

Abeg dis my account N̶̲̥̅̊ 081....... Abeg I need my share!

just in five years na im Abacha loot all this things?? If to say de man still dey alive 9ja for don commot for world map.