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 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
Switzerland is the world’s most competitive economy for a ninth straight year, the Geneva-based World Economic Forum’s annual rankings showed on Wednesday. Following is a table showing the top 30 countries, according to the World Economic Forum. 1 Switzerland 2 United States 3 Singapore 4 Netherlands 5 Germany 6 Hong Kong 7 Sweden 8 United […]
Read More
Over 90 foreign companies from 10 countries are participating in this year’s Nigeria’s 4 in 1 International Trade Expo, which holds in Lagos from July 13 to 15, 2017. According to the organiser, Elan Expo, it is the second edition of the International Trade Fair attended by 70 companies from across the globe last year. […]
Read More
Global funds transfer company, Western Union Company (NYSE: WU), has announced that it has further strengthened its global digital money transfer footprint, with the activation of its 40th wu.com transactional website, now providing full digital access for cross-border person-to-person (P2P) money transfer services across major developed nations including the US, Canada and major parts of […]
Read More
FIFA has sent 1,300 pages of internal investigation reports into suspected bribery and corruption to Switzerland’s attorney general. However, FIFA said Friday it was legally barred from publishing the full reports or commenting on the evidence or conclusions. The documents complete a 22-month probe by legal firm Quinn Emanuel, which FIFA retained in the fallout […]
Read More
President Muhammadu Buhari on Wednesday urged the World Bank to do all within its powers to facilitate the speedy repatriation of stolen funds back to Nigeria. He made the call during a meeting with the visiting Managing Director of the World Bank, Ms. Sri Mulyani Indrawati, at the Presidential Villa, Abuja. Buhari said the repatriation of […]
Read More
The Minister of Foreign Affairs, Geoffrey Onyeama, has assured Nigerians that negotiations are ongoing with a number of countries on the modalities for the repatriation of some looted funds stashed abroad. The minister stated that the Federal Government had been in touch with Switzerland, which he said, had earlier repatriated $700m to Nigeria. He noted […]
Read More
