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Switzerland To Return $380m Of Abacha Loot - Politics - Nairaland

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Switzerland To Return $380m Of Abacha Loot by teeebugs: 7:07am On Mar 18, 2015
Swiss officials have said they will be returning about $380 million stolen by former dictator, Gen. Sani Abacha, to Nigeria.

Geneva prosecutors, according to the Associated Press (AP), said on Tuesday that they ordered the money seized in Luxembourg starting in 2006. It was transferred to Switzerland and officially confiscated last year following an agreement between the federal government and the Abacha family under which the Nigerian government dropped its case against the late dictator’s son, Abba Abacha.

The money, confiscated on the basis that the Abacha family was a criminal organisation, will now be returned to Nigeria under World Bank supervision.
Geneva prosecutors closed their own case, opened in 1999, in which Abba Abacha was the last person still under investigation.
The $380 million had been placed in several accounts abroad that were controlled by the Abacha family, the Geneva prosecutors’ office said in a statement.

The money was seized in 2006 in Luxembourg, under orders from the Swiss authorities.

Read full story
http://monitor9ja.com/2015/03/switzerland-to-return-380m-of-abacha-loot/
Re: Switzerland To Return $380m Of Abacha Loot by eleko1: 7:09am On Mar 18, 2015
undecided Abeg make they hold the money till Jona handover to BUHARI on MAY 29,odawise,Jona,pa Anini,pa Tewonde,pa clarke,Fani,Oku-Igbe,Omokirikiri,Abati,Mama Okrika aka shepotamus,mama Okonjo,anti DIEzani and other miserable thieves will RELOOT'ED' it

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