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Nigeria: UK Recovers U.S.$23 Million in Loot Linked to Late Nigerian Dictator Abacha
Premium Times, 6 May 2022
Authorities say the funds looted by the late Abacha and his family have been transferred to the UK Home Office for onward transmission to the United States Department of Justice. Read more »
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Nigeria: Revealed - Why U.S. Is Stalling Repatriation of $308 Abacha Loot
Vanguard, 4 March 2020
Indications have been emerged as to the real reason the United States Government is stalling its earlier commitment to help Nigeria repatriate $308 million from the British Island… Read more »
UK Recovers U.S.$23 Million in Nigerian Loot Linked to Abacha
UK's National Crime Agency has announced the recovery of about U.S.$23.5 million in looted funds from the allies and family of a former Nigerian dictator, the late Sani Abacha.
According to UK's crime agency website, the funds were retrieved as part of a wider pool of funds identified by the United States Department of Justice as having been stolen out of Nigeria in the 1990s by Abacha and his accomplices.
Nigeria had also in the past recovered several other tranches of Abacha loot, including the latest, U.S.$308 million laundered by Kebbi State governor, Abubakar Bagudu, from Jersey.
In 2006, about U.S.$723 million in Abacha loot was returned to Nigeria from Switzerland but the use of the recovery was largely unaccounted for, Transparency International said.
The Nigerian government has yet to react.
InFocus
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The U.S. has said aside from the U.S.$311 million Abacha loot returned to the Nigerian government recently, another separate amount of U.S.$152 million was still in active ... Read more »
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The government has said that claims that it asked the United States to give U.S.$100 million from loots recovered from former military dictator Sani Abacha to Kebbi State governor ... Read more »
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The government will use U.S.$61 million of the recovered U.S.$322.5 million from former military ruler Sani Abacha to assist poor households through the COVID-19 ... Read more »
