FG Finalize Plans To Recover $500m Abacha Loot From Swiss Bank

FG Finalize Plans To Recover $500m Abacha Loot From Swiss Bank 1
The Federal Government of Nigeria, met with top financial officials of the United Kingdom and the United States of America to draft the final modalities for drawing down $500 million Abacha loot frozen by the American government.
The meeting, which was held at Nigerian High Commission in London, was attended by the Federal Minister of Justice, Abubakar Malami and Nigeria’s High Commissioner to the United Kingdom, Justice George Oguntade; lawyers engaged by Nigeria to recover assets abroad and justice department officials from the US, UK, and Jersey.
FG Finalize Plans To Recover $500m Abacha Loot From Swiss Bank 2
Prior to the new move, the United States had obtained an international forfeiture order against the funds stashed away by the late head of state, Sani Abacha, in many countries following his death; but is now willing to lift the embargo following series of discussions to enable Nigeria to repatriate the cash for its use.
FG Finalize Plans To Recover $500m Abacha Loot From Swiss Bank 3
Photo Credit: Getty

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