Ifyz0001:
Oga all those money you are talking about dey our national budget and not this free snacks loot money. Do you understand? Abacha's money is free money after Nigeria's budget. But all you are talking about has already been budgeted in our Nigeria's yearly budget

You still don't get it, You think there is a separate account for recovered money? or you think the recovered money tax and oil money don't go to same account? budget covers all generated money and recovered money is not an exemption.

naijaguy12456:
322 million dollars being used as cash transfer to the poor ! I didn’t see the impact of that in Nigeria honestly.

Those who are collecting the cash transfer know its impact in their life.

Tradermoni Part 2 loading...

olaric:
Yet Buhari claimed that Abacha didn't steal. But come to think of it, why should the two other countries determine how we are to spend our money?

Cuz they knew nigerian leaders to be financially reckless.
if they are not monitored, the funds will be misappropriated.

teadrake:
How did we get here as a nation

WE SHOULD HAVE GROWN PAST ALL THESE
INJUSTICE CANNOT ALLOW SUCH TO HAPPEN

Darnyelx:
Just hope the money is utilized well

See forget. They will reloot it.

This is Nigeria where the leaders are pathological thiefs that need psychotherapy.

......but Abacha was not a looter!
I am not the one that said it first.
Go and ask him why this now?

The question is how long can we continue like this? It’s heartbreaking thinking about the huge potentials we could have achieved as a nation if things were done right

SoNature:


I think God specially blessed Nigeria, but our peoples have decided to ruin the country.

Despite massive looting that has been going on for decades, the country hasn't collapsed yet.

Even former British PM David Cameron said that if the amount of money stolen from Nigeria is done to the UK, the Kingdom would collapse.

Amen,brother! The tragedy of a nation

Nukilia:


May your days be long! Our leaders have wrecked this nation

Errr...if he did not steal in the first place then how can a government whose leader said he did not steal be planning on what to use money found to be stolen by him?

Buhari is a .................

Hope Buhari said that Abacha didn't steal any money The same way he stole during his time in the Ministry of Petroleum and PTF. Fulani and criminality is like 5 & 6

Arabica:
I just wish all these infrastructures they claim to build with recovered loot can be tagged when completed. E.g i will be passing on a new road and see a billboard with : ROAD CONSTRUCTED FROM PART OF $300M ABACHA'S LOOT written on it.

My guy, just a harmless correction,infrastructure has no plural in writing.

Abacha loot we no dey finish... No wonder the wife said they can never be poor.. like Dangote..

They should name him the richest man on african soil that ever lived.... I thought Efcc would have gone after his wife since baba is fighting corruption.. hmm to him Abacha is a saint!!.. Anyways.. its because he is no more that is why we are hearing this.. same goes to the present individuals in power.. heads of state to the politicans.... are they too not looting to their 10th generations.. no one dey innocent...

lts just that abacha loot might beat all records..

They are still looting as we write..... Its well.


And to the Government. .. i have not seen what they have used the recovered loot to do..

Every na Scam...!!

agwom:
Negotiations between Nigeria, the United States of America and the Island of Jersey for the return of fresh $300m from former Head of State, late General Sani Abacha, has reached an advanced stage, Daily Trust heard yesterday.

The Special Assistant to the President on Justice Sector Reform and National Coordinator for Open Government Partnership, Mrs Juliet Ibekaku-Nwagwu, A presidential aide, also said the figures being reported [£210m – equivalent to $267m or N82bn) are wrong.

She said negotiations and litigation on money have been ongoing for over three years between the USA, Island of Jersey and Nigeria. The presidential aide refuted reports that the money will be divided between Nigeria, US and Jersey.

Mrs Juliet Ibekaku-Nwagwu said the decision of the court in Jersey is that the fund belongs to Nigeria, adding that the concluding part of the negotiation is to determine how it would be utilised.

“We have been in court over the fund; finally the court has agreed the money be refunded to Nigeria. The procedure requires that Nigeria, Jersey Island and USA should sign a memorandum of understanding (MoU) on how the funds should be managed,” she said.

“President Muhammadu Buhari has approved that the fund be used for infrastructure. So it would be designated Infrastructure Fund. And when it finally comes to Nigeria, we don’t know how long it would take on the ongoing MoU and asset sharing agreement. When that is finalised, then the Government of Nigeria would now inform Nigerians that the fund has come to Nigeria.

“But the fund is not going to come to Nigeria until all these procedures have been put in place,” she added.

The Solicitor General of the Federation and Permanent Secretary in the Ministry of Justice, who is currently supervising the ministry, did not respond to inquiries through his mobile phone line.

Reports claimed that the ‘fresh’ fund was put in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands company on behalf of Abacha.

According to the reports also, the Royal Court froze the fund in 2014 and following series of litigation, the fund was on May 31 paid into Jersey’s Civil Asset Recovery Fund. Jersey’s attorney general, Robert McRae QC, said the seizure “demonstrated [Jersey’s] commitment to tackling international financial crime and money laundering”.

The late Abacha was in power from 1993 until his death in 1998.

It would be recalled that the Federal Government had received the sum of $752m Abacha loot from Switzerland in March, 2005, which was said to have gone into infrastructure.

Nigeria also received another $322.5m from Switzerland in December 2017, which is being used for cash transfers to the poor.

The repatriations followed court pronouncements and MoUs between Nigeria, World Bank and Switzerland with monitoring by the civil society on the utilisation.

One of the Swiss officials involved in the negotiations with Nigeria, Roberto Balzaretti, had told the BBC in 2017 that strict conditions were attached to the transfer of the money back to Nigeria and would be supervised by the World Bank, which will also conduct regular audits.

Mr Balzaretti added that if the money was not properly accounted for, subsequent payment would be halted to prevent the funds from being stolen again.

Read more: https://www.dailytrust.com.ng/what-were-doing-about-abachas-300m-by-fg.html

Who looted the money in the first place? U people should stop lying against Abacha because, his elder brother & friend, Mr.Buhari had said that, the man, Abacha didn't steal kobo. Make una stop scapegoating the innocent dead guy & allow his poor soul to rest in peace mbok.

Hausa leadership destroyed this country, power thirsty bunch of brainless scums

Iykesaint:
Thank you late Gen Sani Abacha for releasing these funds to Nigeria from your grave but unfortunately, these monies are also ending up in some other peoples pocket. Pls Gen, deal with them from your grave or better still, invite them to come join you in the grave...

I love this.
Omo you are too goo. You dey make me laf.
We need people like you here.
Thank you dear.

brightgreat:
His good intentions was misunderstood and now the whole nation owes him a bunch of gratitude. No wonder his very good friend & mentee (PMB) told us that he was not corrupt. He was stealing for the rainy day for us. He stole our yesterday so our today can be good. Patriot.

You can call him the originator of savings account

I love it.
Keep dem coming.

if you know you know

Boss for how long i beg...., Till we forget about it abi...?

Why is it now In buhari regime that this money is recovered, something fishy is going on

Las Las people no get sense still... All the money las Las go loss inside any account it enters.. That's the point.

Slurity:
You still don't get it, You think there is a separate account for recovered money? or you think the recovered money tax and oil money don't go to same account? budget covers all generated money and recovered money is not an exemption.