Sani Abacha – Adomonline.com https://www.adomonline.com Your comprehensive news portal Wed, 24 Aug 2022 14:18:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.adomonline.com/wp-content/uploads/2019/03/cropped-Adomonline140-32x32.png Sani Abacha – Adomonline.com https://www.adomonline.com 32 32 US to return $23m loot of Nigerian ex-military ruler Sani Abacha https://www.adomonline.com/us-to-return-23m-loot-of-nigerian-ex-military-ruler-sani-abacha/ Wed, 24 Aug 2022 14:18:51 +0000 https://www.adomonline.com/?p=2154003 The US has agreed to return another instalment of $23m (£19m) to Nigeria – part of money allegedly looted and stashed abroad by former Nigerian military ruler Sani Abacha.

This is part of a deal sealed on Tuesday in the Nigerian capital, Abuja, between the two countries.

Justice Minister Abubakar Malami signed on behalf of Nigeria while the US ambassador to Nigeria Mary Leonard signed the agreement on behalf of the US government.

Mr Malami said the funds to be repatriated ”soon” will be spent on infrastructural development in the country.

The US had in 2020 returned more than $300m to the West African country.

General Sani Abacha died while in office in 1998. He was accused of stealing billions of dollars of public funds and stashing them in Europe and the US.

In recent years, the Nigerian government has secured the release of part of the loot from several countries including Switzerland, Britain and the US.

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Millions of dollars stolen from Nigeria by former president returned https://www.adomonline.com/millions-of-dollars-stolen-from-nigeria-by-former-president-returned/ Tue, 05 May 2020 09:30:09 +0000 https://www.adomonline.com/?p=1789086 Nigeria has received more than $300m (£241m) being monies stolen by former military ruler, Sani Abacha.

The money was returned from the US and the British dependency of Jersey.

Under a repatriation agreement signed as a precondition for the release of the cash, it is to be spent on infrastructure projects.

Gen Abacha ruled Nigeria from 1993 until his death in 1998.

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Anti-corruption agency, Transparency International, estimates he stole as much as $5bn during his time in office.

Switzerland is believed to have returned around $1bn over the last decade.

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Millions stolen by Abacha returned to Nigeria https://www.adomonline.com/millions-stolen-by-abacha-returned-to-nigeria/ Mon, 04 May 2020 18:52:39 +0000 https://www.adomonline.com/?p=1788914 Nigeria has received more than $300m (£241m) that were stolen by the former military ruler, Sani Abacha.

The money was returned from the US and the British dependency of Jersey.

Under a repatriation agreement it is to be spent on infrastructure projects.

Gen Abacha ruled Nigeria from 1993 until his death in 1998.

The anti-corruption agency Transparency International estimates he stole as much as $5bn during his time in office.

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Switzerland is believed to have returned around $1bn over the last decade. Article share tools

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