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Nairaland Forum / Nairaland / General / Politics / Nigeria To Lose Another $550m Abacha Loot In US (303 Views)
$550m Abacha Loot: Fed Govt Set To Clear Hurdles / Why Nigeria May Lose Another $550m ‘abacha Loot’ To U.S., Says Sagay / US Blocks $550m Sani Abacha Loot (2) (3) (4)
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Nigeria To Lose Another $550m Abacha Loot In US by seunlly(m): 6:58am On Jan 13, 2017 |
ABUJA — The Federal Government, yesterday, stated
that the United States was reluctant to release over $
550 million to Nigeria, being proceeds from identified
Gen Sani Abacha loot in the country.
Special Adviser to the President on Diaspora and
Foreign Affairs, Mrs Abike Dabiri-Erewa, made the
disclosure when she addressed newsmen on Asset
Recovery and Asset Return organised by the
Presidential Advisory Committee Against Corruption,
PACAC, in collaboration with Office of the Special
Adviser to the President on Diaspora and Foreign
Affairs, Abike Dabiri-Erewa.
Erewa said: “America is keeping the funds, they are
telling us about technicalities, they are saying recover
doesn’t mean they can return them.”
Late Sani Abacha
She lamented the delay in the return of the funds,
stating that the person who steals is just as guilty as
the person who keeps stolen funds.
She said: “The person who steals is a criminal, the
person who keeps known stolen funds is also a
criminal. We are here to state that every Nigerian in
disapora, friends of Nigeria, should join this
committee in demanding that every stolen fund of
Nigeria recovered in any part of the world should be
returned to Nigeria.
“You can’t give us aid of a billion dollars and keep a
billion dollars of funds you have recovered from
Nigeria. We will join the committee to embark on an
advocacy with Nigerians outside the world to appeal
to these nations to do everything possible to return
what belongs to Nigeria.”
In his remarks, Chairman of PACAC, Prof Itse Sagay,
SAN, stated that the fund was different from the earlier
$480 million forfeited to the US following a court
judgment in August 2014.
Sagay lamenting that the tracing, seizure, forfeiture
and return of Nigeria’s assets laundered outside the
country had become a challenge due to the
uncooperative nature of the countries in possession
of the fund. http://www.vanguardngr.com/2017/01/nigeria-lose-another-550m-abacha-loot-us/ |
Re: Nigeria To Lose Another $550m Abacha Loot In US by Mynd44: 7:18am On Jan 13, 2017 |
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