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Nigeria: Buhari Steps Up Mechanism to Retrieve Stolen Assets
Vanguard, 27 March 2018
Nigeria has taken a further step to recover illegally acquired assets, including monies, taken to Switzerland. Read more »
President Muhammadu Buhari has ratified a Memorandum of Understanding between Nigeria, the Swiss Federal Council and the International Development Association to facilitate the return of illegally acquired assets to the country. Switzerland said in December that it would return around U.S.$321 million in assets seized from the family of former military ruler Sani Abacha via a deal signed with the World Bank.
Abacha's loot.
The deal was signed on behalf of Nigeria by the Attorney-General of the Federation, Abubakar Malami, in Washington D.C, at the headquarters of the World Bank Group. Read more »
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