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ABACHA LOOT: How Much Did The Late Head Of State Steal? by Traplord09: 7:41am On May 22, 2022 |
Even though he is no more, General Sani Abacha has been humorously described as one of the ancestors of Nigeria who has been donating money generously to successive governments from the land of the dead as his loot was outrageous. Sunday Vanguard captures the looted funds: By Levinus Nwabughiogu He’s a man of multiple impressions. To some people, he was an enigma. To others, he was humane. But to many, he was simply a mean dictator and the man who wore the thickest goggles in town. Yet, some quarters preferred him as a consummate soldier, leader par excellence, trailblazer, stabilizer and strategist.The Man Abacha That was the late General Sani Abacha, Nigeria’s former Head of State between 1993 and 1998.. Loot Many believe that his regime encouraged corruption by stashing away illicit funds in foreign bank accounts. One huge surprise about the saga, however, is that it’s been 22 years since Abacha passed on, yet government after government have continued to talk about Abacha loot. Though it may be difficult to place a hand on the figure stolen and hidden in many offshore accounts, Transparency International once said Abacha may have stolen up to $5bn between 1993 when he assumed office and 1998 when he died. Of this amount, successive governments made recoveries. Recoveries The recovered monies were principally stashed away in four major countries: Switzerland, Jersey Island in United Kingdom, United States and Liechtenstein. During the Abdulsalami era in 1999, $750 million was recovered. Under the Obasanjo administration, $1.2 billion was recovered in 2002; $149 million from Jersey Island, UK in 2003; $500 million recovered in 2004 from Switzerland and another $458 recovered in 2005 from Switzerland. During the Jonathan administration, $1 billion was recovered in 2012 and $380 million in 2015, both tranches from Switzerland. The Jonathan administration also recovered $227 million from Liechtenstein in 2014 and $48 million from the United States the same year. Reps Talk Tough Getting wind of the redistribution of the funds, the House of Representatives, in 2018, rejected the move by the Buhari government, saying government could not spend money not appropriated by parliament.. Recovery Details According to Transparency International, below are the details of the recoveries made by successive governments after Abacha’s death in 1998. + Under General Abdulsalami Abubakar: $750 million + Under President Olusegun Obasanjo: $2 billion + Under President Umaru Musa Yar’Adua: $0 Under President Goodluck Jonathan: $227 million + Under President Muhammadu Buhari: $630 million Bottom line: Perhaps there are more looted funds still out there going by the frequency of recoveries by the federal authorities. In that regard, a member of the House of Representatives, Salam Bamidele, said: “I believe that we may not have really gone half way in digging some of those monies stashed away in foreign accounts by the late Gen. Sani Abacha and maybe some people who were close to him”.
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Re: ABACHA LOOT: How Much Did The Late Head Of State Steal? by Coolbreeze1988(m): 7:56am On May 22, 2022 |
Bad niggar, him pack all our money go keep for foreign country. He laid the foundation For all the other politicians. |
Re: ABACHA LOOT: How Much Did The Late Head Of State Steal? by RAND250: 7:58am On May 22, 2022 |
Re looting continues Nigeria my Country |
Re: ABACHA LOOT: How Much Did The Late Head Of State Steal? by Painintheass221: 8:02am On May 22, 2022 |
Beta tif |
Re: ABACHA LOOT: How Much Did The Late Head Of State Steal? by hamouston91(m): 11:52am On Aug 24, 2022 |
Coolbreeze1988: That's a lie. His loot has long ago be discovered. Abacha loot is a code name, used by our corrupt politicians to bring in their foreign loot. All they do is to cooperate with the westerners. |
Re: ABACHA LOOT: How Much Did The Late Head Of State Steal? by hamouston91(m): 11:54am On Aug 24, 2022 |
Coolbreeze1988: That's a lie. His loot has long ago be discovered. Abacha loot is a code name, used by our corrupt politicians to bring in their foreign loot. All they do is to cooperate with the westerners. five billion three hundred forty-two million, think about it. Same Abacha who had nothing to do with the west. Who was banned by the west. Think of it twice, it's a lie. Use Russia as an example, just within less than a year, all Russian assets were recovered by the west. Yet for over 30 years, they can't recover Abacha's loot. Why? Because it's a hoax! |
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