₦airaland Forum

TS2:
Why are they even returning it sef when its not like it wont be restolen.

Sirniyeh:
Switzerland will return to Nigeria some $380 million
(360 million euros) linked to ex-dictator Sani Abacha,
Geneva’s public prosecutor said Tuesday, adding that it was closing a 16-year case on the funds.

Abacha ruled oil-rich Nigeria with an iron fist from 1993 until he died in 1998. The economy grew under his rule, though he was seen as extremely corrupt and faced criticism over his human rights abuses in the oil-rich nation.

The decision to return the funds follows a July 2014 deal between Nigeria and the Abacha family. Under the agreement, the funds would be confiscated and returned to Nigeria, while Abuja would drop its case
against the deceased dictator’s son Abba Abacha.

The $380 million had been placed in several accounts
abroad that were controlled by the Abacha family,
which is considered a criminal organisation, the Geneva prosecutors’ office said in a statement.

The money was seized in 2006 in Luxembourg, under
orders from the Swiss authorities. The Abacha family had also placed some $500 million (530 million euros) in Swiss banks, though those funds have already been returned to Nigeria.

The $380 million will be returned under the World
Bank’s supervision, said the prosecutor’s office.
The authorities have also decided to drop their case
against Abba Abacha, which began in 1999.

In 2012, the dictator’s son was handed a one-year
suspended prison sentence for participating in a
criminal organisation.

Switzerland’s top court cancelled the sentence in May
2014, citing procedural reasons. The Geneva prosecutor’s office on Tuesday said Abba Abacha has already been detained for 561 days from 2004 to 2006, without receiving compensation.

The Abacha affair began in 1999, when Nigeria asked the Swiss judicial authorities to help it recover $2.2 billion ($2 billion euros) embezzled and siphoned off by Sani Abacha while he was in power.

www.today.ng/news/switzerland-to-return-380m-looted-by-abacha-to-nigeria/

SmooshCHN:
That money had better stay there cos getting here, it's already been shared like Birthday Cake.

ozoigbondu:
Abacha did not steal
Pa buhari

ozoigbondu:
Abacha did not steal
Pa buhari

hazyfm:
NOT UP TO THE AMOUNT SPENT BY JONATHAN TO BRIBE SOUTH WEST LEADERS...



[size=18pt]CHICKEN CHANGE[/size] ... in Jonathan's voice

nationwide1:
According to reports, someone said Abacha did not steal any money.

ozoigbondu:
Abacha did not steal
Pa buhari

barcanista:
And our "incorruptible" Gen Buhari said Abacha did not steal...

OLADD:
The Daura man is a professional conman, I tell you.

ozoigbondu:
Abacha did not steal
[b]Pa buhari[/b]

brownlord:
My friend stfu, all of these was pointed to you when you were typing for APC and you defended him, how come you are having a different opinion now?

hazyfm:
NOT UP TO THE AMOUNT SPENT BY JONATHAN TO BRIBE SOUTH WEST LEADERS...



[size=18pt]CHICKEN CHANGE[/size] ... in Jonathan's voice