Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,152,449 members, 7,816,039 topics. Date: Friday, 03 May 2024 at 12:26 AM |
Nairaland Forum / Nairaland / General / Politics / Buhari Government Receives $312m Abacha Loot From US (36699 Views)
$322m Abacha Loot: List Of States To Receive Cash In July / $322m Abacha Loot: FG Begins Cash Transfer To Poor Homes.. / FG To Disburse $322m Abacha Loot To Nigerians - Daily Trust (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
Buhari Government Receives $312m Abacha Loot From US by EtteP(m): 3:09pm On May 04, 2020 |
Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has announced that the Nigerian government on Monday received $311,797,866 of the Abacha loot. Source: https://dailypost.ng/2020/05/04/breaking-buhari-govt-receives-312m-abacha-loot-from-us/ 12 Likes 4 Shares
|
Re: Buhari Government Receives $312m Abacha Loot From US by TheGiftedOne(m): 3:13pm On May 04, 2020 |
Now some people just got richer. 211 Likes 12 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by netpro(m): 3:14pm On May 04, 2020 |
Sen. Chris the IPOB sympathiser and all those who rejoiced before, how far? 30 Likes 7 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by Nobody: 3:16pm On May 04, 2020 |
I thought a US Senator moved against the repatriation of those funds? Either ways, it's our money and we can only hope they use it well instead of embezzling it. It would have been better if the US gave them a condition to spend it on a particular sector of the economy instead of just handing it over. Nigerian politicians are the ones killing this country. Update: based on agreement, the funds are to be spent on Lagos-Ibadan, Kano-Abuja and 2nd Niger Bridge projects. Fair enough. 56 Likes 1 Share |
Re: Buhari Government Receives $312m Abacha Loot From US by oluwadabira111(m): 3:18pm On May 04, 2020 |
Buhari and his gengs don cash out again!! 124 Likes 6 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by LordviccoDaGuru(m): 3:19pm On May 04, 2020 |
R 1 Like |
Re: Buhari Government Receives $312m Abacha Loot From US by LordviccoDaGuru(m): 3:20pm On May 04, 2020 |
oluwadabira111: Shut up 23 Likes 5 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by festacman(m): 3:20pm On May 04, 2020 |
The significant thing about this recovered loot is that it is tied to three strategic projects that are located in three strategic locations in such a way that most Nigerians will benefit. Balanced arrangement. Above all, COVID-19 or not, work will continue on these key projects towards completion. Excellent! 17 Likes 2 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by Avalancheman: 3:21pm On May 04, 2020 |
Quite magnanimous of Trump... 7 Likes 5 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by oluwadabira111(m): 3:21pm On May 04, 2020 |
LordviccoDaGuru:Oya come and shut me up 54 Likes 1 Share |
Re: Buhari Government Receives $312m Abacha Loot From US by Bossontop(m): 3:23pm On May 04, 2020 |
Nigerian polithiefcians on hearing dis news and knowing alert dey come..... [img]https://media1./images/d5bd4e441ed3a7a4606e31c41a2b16c5/tenor.gif?itemid=15595949[/img] 222 Likes 14 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by SocialJustice: 3:26pm On May 04, 2020 |
Governor Atiku Bagudu is laughing in dollars. 48 Likes 4 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by ayinde2020: 3:27pm On May 04, 2020 |
good |
Re: Buhari Government Receives $312m Abacha Loot From US by hisgrace090: 3:29pm On May 04, 2020 |
The should use it for the good of Nigeria. 6 Likes 1 Share |
Re: Buhari Government Receives $312m Abacha Loot From US by Randerl: 3:30pm On May 04, 2020 |
Looting 2.0 loading 13 Likes |
Re: Buhari Government Receives $312m Abacha Loot From US by CentVickBlog: 3:36pm On May 04, 2020 |
TheGiftedOne: Buhari participates in Summit of Non-Aligned Movement to combat COVID-19 Read more https://centvick..com/2020/05/buhari-participates-in-summit-of-non.html?m=1 |
Re: Buhari Government Receives $312m Abacha Loot From US by GamalNasser: 3:40pm On May 04, 2020 |
Watch how Buhari will give half of this money to his friend Bagudu in the coming days and claim to have distributed the other half to imaginary poor people on the stReets of the north 18 Likes 2 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by VaselineCrew: 3:40pm On May 04, 2020 |
So it was even GEJ and crew that initiated the repatriation of Abacha's loot. Hope this administration will not say they’ve given it all out to the poorest of the poor and no one will know anyone that has received alert. 35 Likes 3 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by Paperwhite(m): 3:42pm On May 04, 2020 |
Guess the government will not loot/reloot this one. |
Re: Buhari Government Receives $312m Abacha Loot From US by merit455(m): 3:43pm On May 04, 2020 |
APC is scam. I hate that party 15 Likes 3 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by seunmsg(m): 3:44pm On May 04, 2020 |
SocialJustice: Bagudu wont get a kobo out of the money. There is already a signed agreement on how to expend the money and if you read the OP very well, you will see where the minister stated clearly that the money will be paid into the account of NSIA within fourteen days. The money will go into funding major projects such as: Lagos-Ibadan, 2nd Niger bridge, Abuja-Kanoroad etc. 21 Likes 4 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by Sunshineg5(m): 3:45pm On May 04, 2020 |
Ewoo Money don set for the poorest of the poor oh. 7 Likes |
Re: Buhari Government Receives $312m Abacha Loot From US by SocialJustice: 3:53pm On May 04, 2020 |
seunmsg:Abegi, is it not our Nigeria again. His money will be given to him one way or the other. 36 Likes |
Re: Buhari Government Receives $312m Abacha Loot From US by Nobody: 3:54pm On May 04, 2020 |
Ahaps. An equally stupid and corruption-driven collection of Nigerian followers have no confidence in a visionless, clueless and corrupt-ridden Nigerian leadership. Nigeria is a circus of selfish, myopic, and I suspect, mentally unstable people - leaders and followers alike - who do not know that they are not normal. 3 Likes 1 Share |
Re: Buhari Government Receives $312m Abacha Loot From US by Smithkafors(m): 3:54pm On May 04, 2020 |
Which second niger bridge are they funding.....most of the money us being contributed by Julius berger.How many times are they funding it!.Total amount $653million dollars,while federal government is funding only $150million,with JB funding the rest. 6 Likes 4 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by Ifesinachi22(m): 3:58pm On May 04, 2020 |
It will still end up in there pockets again. That's why my community refused to disclose we recently discovered Gold deposits in our community for fear of the North, they will mine it and send the money to the North and others will end in their pockets or foreign bank accounts like Abacha did with Niger Delta Oil. We'll leave our Gold deposit there till we find a better way of mining it to better the lives of our people. Enough is Enough 3 Likes 1 Share |
Re: Buhari Government Receives $312m Abacha Loot From US by ZooOga: 4:13pm On May 04, 2020 |
another news source confirmed Nigerian Govt Receives $311m Abacha Assets From US, Jersey Channels Television Updated May 4, 2020 https://www.channelstv.com/2020/05/04/nigerian-govt-receives-311m-recovered-abacha-assets-from-us-jersey/ General Sani Abacha was a Nigerian military Head of State in the 1990s. The Nigerian government has received $311,797,866.11 recovered assets of General Sani Abacha repatriated from the United States and the Bailiwick of Jersey. The Attorney-General of Federation and Minister of Justice, Abubakar Malami, confirmed this on Monday in a statement by the Special Assistant on Media and Public Relations at his office, Dr Umar Gwandu. According to Malami, the amount increased significantly from over $308 million mentioned in an earlier statement in February to over $311million as a result of the interest that accrued from February 3 to April 28, when the fund was transferred to the Central Bank of Nigeria. He noted that the litigation process for the return of the assets titled ‘Abacha III’ commenced in 2014 while the diplomatic process that culminated in the signing of the Asset Return Agreement commenced in 2018. The agreement was signed on February 3 by the governments of Nigeria, the United States, and the Bailiwick of Jersey. “This Agreement is based on international law and cooperation measures, that sets out the procedures for the repatriation, transfer, disposition, and management of the assets,” he said. According to the statement, the recovery effort consolidates on the record of the Muhammadu Buhari administration which has a history of recovery of $322m from Switzerland in 2018. It added that the recovered loots were transparently and judiciously deployed in supporting indigent Nigerians as specified in the agreement signed with Switzerland and the World Bank. Malami, who led the negotiation team, noted that the tripartite agreement and the process towards the implementation represented a major watershed in International Asset Recovery and Repatriation as it sought to provide benefit to the victims of corruption. He said, “In line with the 2020 Asset Return Agreement, the fund has been transferred to a Central Bank of Nigeria Asset Recovery designated account and would be paid to the National Sovereign Investment Authority (NSIA) within the next fourteen days. “The NSIA is responsible for the management and execution of the projects to which the funds will be applied.” The minister insisted that the latest recovery would support and assist in expediting the construction of three major infrastructure projects across Nigeria – Lagos – Ibadan Expressway, Abuja – Kano Road, and the Second Niger Bridge. He revealed that the government was in the process of establishing a Project Monitoring Team to oversee the implementation of the projects and report regularly on progress made to the public. In order to ensure transparent management of the returned assets, Malami said the government would engage a Civil Society Organisation who has combined expertise in substantial infrastructure projects, civil engineering, anti-corruption compliance, anti-human trafficking compliance, and procurement to provide additional monitoring and oversight. He noted that the process for the engagement of the CSO monitor has already commenced with the adverts placed in two local newspapers. The recovered funds, according to the minister, were laundered through the U.S. banking system and then held in bank accounts in the Bailiwick of Jersey. He revealed that a U.S. Federal Court in Washington D.C. forfeited the money in 2014, as property involved in the illicit laundering of the proceeds of corruption arising in Nigeria during the period when General Abacha was Head of State from 1993 to 1998. Malami added that in 2017, the Nigerian government filed a case in the Bailiwick of Jersey to assert its authority as the owner of the funds and as the victim of the action of General Abacha. He, therefore, called for greater cooperation and mutual respect among countries in the implementation of expeditious cooperation measures already set out in the United Nations Convention Against Corruption, and in the implementation of the Global Forum on Asset Recovery (GFAR) principles on the repatriation of stolen assets. The minister assured Nigerians that the government would ensure that the returned assets were transparently managed. 2 Likes 2 Shares |
Re: Buhari Government Receives $312m Abacha Loot From US by Nobody: 4:37pm On May 04, 2020 |
Good one... |
Re: Buhari Government Receives $312m Abacha Loot From US by softset: 4:38pm On May 04, 2020 |
Good news 1 Like |
Re: Buhari Government Receives $312m Abacha Loot From US by sapientia(m): 4:39pm On May 04, 2020 |
Knowing fully well that we need to know if any will be given to Bagudu, he simply avoided it. Normal Nigerian way, once it enters Nigeria, trace will lost. 2 Likes |
Re: Buhari Government Receives $312m Abacha Loot From US by Nobody: 4:39pm On May 04, 2020 |
Ok |
Re: Buhari Government Receives $312m Abacha Loot From US by Quelme: 4:40pm On May 04, 2020 |
Before Sinzu there were men. Abacha doing giveaway even from the grave!!! I pray to be an Abachanaire.... 14 Likes 3 Shares |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
NBA Condemns Lekki Killings, Sets To Begin Legal Actions Against FG, Military / Buruji Kashamu Responds To Ap's Report On His Alleged Indictment In The US / I Have No Issues With Tinubu; He Is Somebody I Regard As A Father - Peter Obi
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 43 |