Nigerian Government receives $311m Abacha loot

The Federal Government, on Monday, confirmed the receipt of $311m looted by the late military dictator, Gen. Sani Abacha.

The loot was repatriated from the United States and the Bailiwick of Jersey.

The Attorney General of Federation and Minister of Justice, Abubakar Malami, in a statement by his Special Assistant on Media and Public Relations, Dr Umar Jibrilu Gwandu, said approximately $311,797,866.11 of the Abacha loot was repatriated from the US and Jersey.

According to Malami, the amount increased significantly from over $308m as stated in a press release in February to over $311m because of the interest that accrued from February 3, 2020, to 28th April, 2020, when the fund was transferred to the Central Bank of Nigeria.

 

 

 

– Punch

About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

One Response to “Nigerian Government receives $311m Abacha loot”

  1. Abacha looted and banked them for us to take it back, the people that are looting now refused to bank them, they refused to use it for property, they loot and bury them in their houses and in their farms, recovering the looting that is going on now will be very difficult.

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