Tag "abacha loot"

    EXTRA: Abacha kept money overseas so that Nigerians won’t suffer, says Al-Mustapha 

EXTRA: Abacha kept money overseas so that Nigerians won’t suffer, says Al-Mustapha 

Hamza Al-Mustapha says Sani Abacha, the military dictator who died in 1998, kept money overseas so that Nigerians will not suffer.  Over $3.624 billion looted by Abacha has been recovered from four countries between 1998 and 2020. Last month, President Muhammadu Buhari said close to $1 billion was stolen under Abacha. While speaking with BBC Hausa on Thursday, Al-Mustapha, who served as Abacha’s [...]

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    Nigeria still recovering funds looted by Abacha — 22 years after his death

Nigeria still recovering funds looted by Abacha — 22 years after his death

Prior to the fourth republic, Nigeria was ruled by 11 leaders -- eight military heads of states and three civilians. Of the eight military heads of state, three have died. But of all these, Sani Abacha, the late head of state, has featured more notoriously in the media.  Today marks exactly 22 years after Abacha, who presided over the country between [...]

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    Buba Galadima: Saddam Hussein, Gaddafi advised Abacha to save money abroad

Buba Galadima: Saddam Hussein, Gaddafi advised Abacha to save money abroad

Buba Galadima, a former ally of President Muhammadu Buhari, says Sani Abacha, the late military dictator, was advised to save enough money for Nigeria abroad. He said Saddam Hussein, the late military ruler of Iraq, and Muammar Gaddafi, deceased ruler of Libya, gave Abacha the advice. Nigeria received $311 million stolen during the Abacha regime from the US and the Bailiwick of Jersey earlier [...]

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    Garba Shehu: Mambilla power project won’t benefit from $311m Abacha Loot

Garba Shehu: Mambilla power project won’t benefit from $311m Abacha Loot

Garba Shehu, senior special assistant to the president on media and publicity, says Mambilla power plant is not included in the projects to be funded with the recently repatriated Abacha Loot. Nigeria had received $311 million stolen during the Abacha regime from the US and the Bailiwick of Jersey earlier in the month. Shehu had initially listed the power project among the beneficiaries [...]

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    US: Fresh $319m Abacha Loot in UK, France

US: Fresh $319m Abacha Loot in UK, France

The US embassy in Nigeria says another $319m (N121bn) looted by Sani Abacha, former military dictator, is in the United Kingdom and France. This comes three days after Nigeria repatriated $311 million Abacha Loot from the US and the Bailiwick of Jersey. In a statement on Wednesday, the US embassy revealed that there is a separate $167 million in stolen assets in [...]

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    Malami: Those who tried to frustrate return of $311m Abacha Loot should be ashamed

Malami: Those who tried to frustrate return of $311m Abacha Loot should be ashamed

Abubakar Malami, minister of justice and attorney-general of the federation (AGF), has tackled those who "wanted to frustrate" the repatriation of $311 million looted by Sani Abacha, the late dictator. Malami, in a statement on Wednesday, said such persons should "bury their heads in shame" over the successful repatriation. On Monday, the federal government received the funds from the United States and the [...]

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    US: Nigeria will ‘refund’ any diverted part of Abacha Loot

US: Nigeria will ‘refund’ any diverted part of Abacha Loot

The United States department of justice says it will retrieve any part of the repatriated Abacha Loot that is improperly diverted. In a letter signed by Stephen Boyd, the assistant attorney general, and addressed to Charles Grassley, chairman of the senate committee on finance, the US said the repatriation of $311.8 million was done based on conditions. "The agreement directs that the [...]

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    US: Abba Kyari played key role in repatriation of $300m Abacha Loot

US: Abba Kyari played key role in repatriation of $300m Abacha Loot

The United States government has described Abba Kyari as a "dedicated public servant and respected interlocutor". Kyari, who was chief of staff to President Muhammadu Buhari, died of complications from COVID-19 on April 17. According to a statement by Garba Shehu, presidential spokesman, Tibor Nagy, assistant secretary of state for African affairs, said the late chief of staff played a crucial role in repatriating [...]

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    ‘Allegation against Magu baseless’ — EFCC tackles US lawmaker over Abacha loot

‘Allegation against Magu baseless’ — EFCC tackles US lawmaker over Abacha loot

The Economic and Financial Crimes Commission (EFCC) says allegations levelled against Ibrahim Magu, its chairman, by Charles Grassley, a US lawmaker, are baseless. In a letter dated April 1, 2020, Grassley, a US republican senator and chairman of senate committee on finance, accussed the EFCC of persecuting members of the opposition party. The letter, addressed to Deborah Connor, the chief money laundering [...]

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    FG: No agreement to pay anyone a dime from $300m Abacha Loot

FG: No agreement to pay anyone a dime from $300m Abacha Loot

The federal government says it did not engage any third party in the repatriation of about $300 million public funds looted by Sani Abacha, the late dictator. Abubakar Malami, minister of justice and attorney-general of the federation, said the government did not enter into any agreement to pay any amount from the money to any individual. A statement from Umar Gwandu, Malami’s [...]

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    ’97 boreholes per LGA’ — what Bagudu’s $110m largesse can do for Nigeria

’97 boreholes per LGA’ — what Bagudu’s $110m largesse can do for Nigeria

News broke on Friday that the US government has opposed a move by Nigeria to hand over $110 million to Abubakar Atiku Bagudu, the Kebbi state governor. Bloomberg reported that the money is part of the Abacha Loot to be repatriated. The Kebbi governor was the investment adviser to Sani Abacha, the late former head of state believed to have looted over [...]

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    Malami: Bagudu’s $100m not linked to $308m Abacha Loot

Malami: Bagudu’s $100m not linked to $308m Abacha Loot

Abubakar Malami, attorney-general of the federation (AGF), says the recovered Abacha Loot will be used for infrastructural projects in the country. He said the assets of Abubakar Bagudu, governor of Kebbi state, are not part of the Abacha Loot Nigeria is recovering overseas. Malami said this in a statement on Saturday while reacting to the report that the federal government is planning [...]

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    IN DETAIL: How FG agreed to pay APC governor $110m in Abacha Loot settlement

IN DETAIL: How FG agreed to pay APC governor $110m in Abacha Loot settlement

The federal government agreed to pay Abubakar Bagudu, governor of Kebbi state, $110 million as part of the recovery and settlement of Abacha Loot for his “peaceful enjoyment”, according to a court document obtained by TheCable. The payment was part of an agreement which the Buhari administration entered into with Bagudu in 2018 to allow the repatriation of $157.5 million frozen assets [...]

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    Report: US kicks over FG’s plan to hand $100m Abacha Loot to APC governor

Report: US kicks over FG’s plan to hand $100m Abacha Loot to APC governor

The federal government is reportedly planning to hand about $100 million out of the recovered Abacha Loot to Abubakar Bagudu, governor of Kebbi state. According to Bloomberg, the move is said to be part of a 17-year-old agreement that allows Bagudu ownership of some of the funds recovered from Abacha. TheCable could not immediately ascertain the details of the agreement said to have [...]

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    $308m Abacha Loot: Cable Foundation writes Malami, seeks details of payment to lawyers

$308m Abacha Loot: Cable Foundation writes Malami, seeks details of payment to lawyers

The Cable Newspaper Journalism Foundation (CNJF) has written Abubakar Malami, attorney-general of the federation (AGF), to request details of payment to lawyers who worked on the latest repatriation of over $308 million stolen by Sani Abacha, a former military ruler.  Malami, on behalf of the federal government, recently signed an agreement with the governments of the Island of Jersey and the [...]

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    Supreme court rejects family’s request to unfreeze Abacha’s foreign accounts

Supreme court rejects family’s request to unfreeze Abacha’s foreign accounts

The supreme court has dismissed an appeal to unfreeze several accounts linked to Sani Abacha, former head of state, in banks in the United Kingdom, Switzerland, Jersey, Liechtenstein and Luxembourg blocked by the federal government in 1999. In the judgment prepared by Chima Nweze, a supreme court justice, the court held that the appeal which was filed in 2010 was “statute [...]

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