Ado-Ekiti-Some concerned civil Society Organisations, CSOs, have revealed why the loot of the late maximum ruler and former Nigerian head of State, General Sanni Abacha was released to Nigerian Government. According to the Non-governmental Organisations, “It was the intention to lessen poverty and bridge the wide gap between the rich and poor that made the […]
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The two leading candidates in the election were yesterday locked in a war of words over an alleged movement of ₦18 billion into the state for the election. Prof. Kolapo Olusola had made the allegation that the money partly sourced from a Northwest state government and $50 million from the $321 million recovered from the […]
Read More The House of Representatives, yesterday, stepped down a Bill seeking to convert the Federal Government’s share of the $322 million recovered loot of former military Head of State, late Gen. Sani Abacha to complete Ajaokuta Steel Company and a rail line linking Ajaokuta from Lagos, Enugu and Port Harcourt. The House, apparently sensing the sensitive […]
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The Peoples Democratic Party (PDP) has charged President Muhammadu Buhari to make public the names of those handling the disbursement of the $322 million repatriated Sani Abacha loot in line with his administration commitment to transparency in public administration. The party said President Buhari should do so to show his penchant for transparency as well […]
Read More The Federal Government says it will commence disbursement of the recovered 322 million dollars Abacha loot through Conditional Cash Transfers (CCT) to 302,000 poor households in 19 states in July. Mr Tukur Rumar, of the National Cash Transfer Office (NTCO), said this at a roundtable on assets recovery organised by the Swiss Embassy on Thursday, […]
Read More Minister of Finance, Mrs. Kemi Adeosun, has disclosed that the $322,515,931.83 Abacha loot recovered from the Swiss government, and already domiciled with the Central Bank of Nigeria (CBN) will be channeled towards the Conditional Cash Transfer Programme (CCTP) of the National Social Investment Programme (NSIP). This is even as the Governor of CBN, Mr. Godwin […]
Read More Nigeria and Switzerland signed a memorandum of understanding on Monday to pave the way for the return of illegally acquired assets, the west African country said. Switzerland said in December that it would return to Nigeria around $321 million in assets seized from the family of former military ruler Sani Abacha via a deal signed […]
Read More Nigeria is set to receive $321m Abacha loot from Switzerland. A tripartite Memorandum of Understanding (MoU) by Nigeria, Switzerland and the World Bank, which will pave the way for the release of the cash, was signed on Monday. The money is part of the estimated $5billion allegedly looted by Nigeria’s former military leader, the late […]
Read More A United States District Court, yesterday, dismissed a case by a Nigerian lawyer seeking to stop the repatriation of over $550 million of stolen funds during the regime of late General Sani Abacha (referred to as the Abacha loot) to Nigeria until the payment of his legal fees worth $320 million by the Nigerian Government. […]
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