Abacha loot: FG confirms recovery of $322.51m from Switzerland

By Editor on 11/04/2018

Share on facebook Yahoo mail icon Gmail icon

Views: 303

Abacha
Abacha

THE Federal Government says it has received 322.51 million dollars from the Swiss Government as part of looted funds recovered from former Head of State,  late General Sani Abacha.

Mr Oluyinka Akintunde, the Special Adviser, Media and Communications to the Minister of Finance, said this in a statement on Tuesday in Abuja.

According to Akintunde, the government received the money since Dec., 2017.

Akintunde said there was no controversy surrounding the recovery of stolen funds by the former head of state from the Swiss Government.

“The minister wishes to dissociate herself and the Federal Ministry of Finance from recent reports on the Abacha refunds.

“The minister had at no time written any letter to the President or any member of the Federal Executive Council (FEC) on the payment of lawyers for the Abacha recovery.

“She also refutes the flawed reports of controversy surrounding the Abacha recovery.

“We wish to state that the sum of 322,515,931.83 dollars was received into a Special Account in the Central Bank of Nigeria (CBN) on Dec. 18, 2017 from the Swiss Government.

“For the avoidance of doubt, there is no controversy concerning the recovery of the Abacha monies from the Swiss Government,” he said.

Akintunde said the Minister of Finance, Mrs Kemi Adeosun, frowned at a recent report that she objected to the payment of 16.9 million dollars to two lawyers who recovered the Abacha funds.

The News Agency of Nigeria (NAN) reports that in 1999, the Nigerian Government hired Mr Enrico Monfrini, a Swiss lawyer to recover the Abacha loot.

After a successful negotiation by Monfrini, the recovered money was domiciled with the Attorney-General of Switzerland pending the signing of an MoU with Nigeria to avoid the issues of accountability that trailed previous recoveries.

All that was left after the signing of the MoU was a government-to-government communication for the money to be repatriated to Nigeria.

However, Abubakar Malami, the Minister of Justice and Attorney-General of the Federation, later engaged the services of another set of lawyers in 2016 for a fee of about N6 billion (16.9 million dollars).

The two Nigerian lawyers are Mr Oladipo Okpeseyi, a senior advocate of Nigeria (SAN), and Temitope Adebayo.

Posted 11/04/2018 01:38:05 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Power supply remains low at 3,838MW as Fashola,...

Buhari names Ebonyi federal varsity after Ekwueme

Medical trip: Buhari likely to stay longer in...

Customs officer kills two colleagues in Lagos

FG releases list of PDP treasury looters

FG orders extra security as ISIS threatens attacks...

PDP challenges President Buhari on lingering fuel scarcity...

Herdsmen attack Ondo LG secretariat, chase out workers...

Boko Haram: Twin bomb blasts kill 60, injure...

INEC declares Umeh winner of Anambra Central Senatorial...

We should stop pretending, everything is wrong with...

Army unmasks new deadly Islamic sect, Hakika

 

Latest News Two policemen allegedly killed as Melaye escapes assassination attempt Power supply remains low at 3,838MW as Fashola, Discos bicker Dasuki won’t be released despite bails, he caused 100,000 deaths – Buhari’s minister, Malami Stakeholders endorse Bill on Fed Poly, Mpu, Enugu We have ‘facts’ to prove APC rigged Ekiti poll for Fayemi – PDP Defection threats: Gov Ortom shuns peace meeting with APC Buhari’s team, APC offer opposition parties N50m —ADC Masquerades beat, injure two Catholic priests in Enugu 2019 elections: PDP considers boycott, Secondus tells Observers Rowdy ‎session as S-East senators allege Buhari’s appointments lopsided Ekiti Assembly rejects election results, adjourns till October Varsity student found dead in well after SARS invasion of hostel

 

Most Read NAFDAC eases processes, cost of registering products for MSMEs (6,211 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (4,420 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (4,272 views) IPOB: ‘We need urgent clarifications on Nnamdi Kanu’s status, whereabouts’, UK Govt tells FG (3,786 views) ASUU strike: Senate intervention ends in deadlock (3,727 views) Ex-governor Adebayo, Keyamo, Arise, others get board appointments (3,095 views) Nigeria ripe for Restructuring Now – Nwodo in Chatham House (2,840 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (2,756 views) Quit notice: Kaduna Govt obtains bench warrant against Northern youths (2,755 views) Buhari has disappointed Nigerians – Arewa Youth Forum (2,739 views) Anambra: INEC releases 37 candidates for Nov poll (2,695 views) Chime not owner of Enugu Mall – Spar (2,300 views)

 

SECTIONS NEWS (257) EDITORIAL (4) POLITICS (308) SOCIETY (96) SPORTS (12) BUSINESS (166) HEALTH (13) EDUCATION (14) ENTERTAINMENT (7) INTERNATIONAL (25) TECHNOLOGY (1) COLUMNISTS (0) LETTERS (0) OPINION (8)

 

 

Julius Agwu - Crazy Interview Demands