Nigeria: Abacha's Repatriated Loot - Matters Arising

9 July 2018

The actual amount stolen from Nigeria's Treasury between 1993-8, by former Military Dictator, Sanni Abacha, may never be known. Nonetheless, Amnesty International, for example, has suggested, that over $5bn of Abacha loot had been identified, even when speculations still persist that the audacious 'shop lift', by Abacha, and his associates, is probably nearer $10bn. The Nigerian treasury, may have been boosted by the recovery of well over $3bn, since Obasanjo initiated, the International pursuit of Abacha's loot in September 1999.

Notably, Liechtenstein returned $227m in 2014, while Jersey, reportedly returned €149m by November 2003, with another tranche of €315m, expected by December 2014; Luxembourg authorities, also announced that $630m of Abacha money, had been identified and frozen in 8 bank accounts.

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