Switzerland to transfer another $300 million Abacha loot to Nigeria – Minister
The government of Switzerland is prepared to transfer to the Nigerian government, another $300 million recovered from the family of former military ruler, Sani Abacha, foreign minister, Geoffrey Onyeama, announced Monday. The money is part of an estimated $5 billion stolen and stashed in foreign accounts by the late dictator. Nigeria has in the last 10 years received over $1 billion from the Swiss and American governments, but there are growing concerns past administrations misused the huge sum. (more…)
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