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 […]
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 […]
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Nigeria has found itself at the brink of losing its $550 million recovered from the Abacha family to the United States, correspondent learnt yesterday. Presidential Advisory Committee Against Corruption (PACAC) Chairman Itse Sagay, at a media conference on asset recovery and asset return in Abuja, said the government wanted an unconditional return of the country’s stolen […]
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