The federal government has accused Switzerland of “robbing” Nigeria in the course of recovering funds looted from the country.

Nigeria recently signed an agreement with Switzerland for the release of $322 million said to have been stolen by Sani Abacha, former military head of state.

This is just one of the previous recoveries made by both current and past administrations of the said loot as well as the others, usually through signed treaties.

But speaking at the second International conference on combating illicit financial Flows (IFF) and enhancing asset recovery for sustainable development in Abuja on Tuesday, Geoffrey Onyema, minister of foreign affairs, said the difficulty in recovering the loot is usually “mind-boggling.”

He said though developed countries have been able to put in measures to help identify their citizens who were transferring loot there, it is usually difficult for countries like Nigeria.

“For developing countries as ourselves, it’s so much more difficult – the kind of hurdles that we have to overcome,” he said.

“Large sums of money have been found in Jersey, for instance, and other countries are laying claim to it, because in getting to Jersey, it passed through different jurisdictions. We haven’t been able to get the money back.

“We got some money back from Switzerland, but my God! When you look at the details, I was shocked and extremely angry at the process of recovery. Percentages were paid out to all kinds of institutions.

“To me, this is daylight robbery that these countries are perpetrating, and of course playing on the fact that we’re not the United States. So, it’s something we keep harping on, that these countries have to do a lot more, because at the end of the day, they are condoning huge theft and are accessories after the fact in fact.”

He added that when a country is “making it difficult” for legitimate owners to recover looted funds, “then you’re just as guilty of theft as those that transferred the money in the first place. This is totally unacceptable and totally immoral.”

https://www.thecable.ng/fg-accuses-switzerland-daylight-robbery-recovery-looted-funds/

lol see accusation. I would hv been FTC sha

I careless but



Check my signature

There's something about working for the current tenant in Aso Rock that makes one dumb...

After una don use "Social Safety Net Programme" embezzle the bar claim say nah them put conditions for the matter viz "Give to the Poor"...

Lol.
But FG and their cohorts will reloot the loot na.

But the dulllard said Abacha never stole, so which particular loot is the government talking about. If I were the swiss government, won't be returning a kobo. See them searching desperately for campaign funds.

Lack of who to blame, don't push them enter international level after them don blame locals finish.

next to blame fit be US, just observing...

Yinmu.Where did the FG keep the recovered Abacha loots given to the past administrations?

Wonders shall never end

BruncleZuma:

Ban don turn you to dundee?? Always shining 3 teeth.

You and FukaFuka

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Armed robber calling pick pocket thief

I seriously suspect PDP has infiltrated Swiss government!..

Abacha stole Nigeria blind. His loots are immeasurable, unending and unparalleled.


No one should blame anybody for the problems of this country ....

Just blame Abacha....

But I think them say Abacha nor loot o,

singing* i go chop your Dollars*

LOL, Nigerian Polthieficians know robbery when they see it!

Laughing in 3D..


God Bless Nigeria!!!

dis govt hav been laying blame since 17BC

buhari men, looking for election fund badly, after saraki slashed their budget. from China telecoms $300m loan, to switzerland abacha loot, and MTN $8bn tax

Daft people will not read and comprehend what the foreign Minister said, they'll come here and start spewing trash.

They hurdles that the Swizz Government on Nations trying to recover stolen wealth is mind boggling. The take huge commissions and cuts. They're daylight Robbers.

so dem fit talk untop this...their own koh

Ohhh!!! They are still in the course of recovering the money,that money don miss.

Sorry Mate..Developed Countries Have Strict Laid Down Laws.U Dont Expect Them To Just Transfer That Huge Sum Without Percentages Here & There.What Is Rather Mind Boggling Is What Becomes Of The Money Once Its Here

This govt is also daylight on nigerians