News: Swiss Government To Return $380million Abacha Loot To Nigeria

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Late General Sani Abacha
Late General Sani Abacha
Today Tuesday March 17th, Geneva prosecutors said that they have ordered money seized in Luxembourg starting in 2006 & was officially confiscated last year following an agreement between Nigeria and the Abacha family under which FG dropped its case against Abacha’s son, Abba Abacha.
The Swiss government has previously returned to Nigeria more than $700 million that Abacha stashed in Swiss accounts.   Switzerland  has now concluded plans to return $380 million to Nigeria. If the Swiss government makes this new cash return, it would bring the total amount of Abacha’s loot returned so far to $1.080 billion.

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