The Economic and Financial Crimes Commission (EFCC) has accused HSBC Bank of laundering proceeds of corruption for over 50 Nigerians, including a serving senator.A recent report attributed to the bank predicted that if President Muhammadu Buhari wins his second term bid, it would “stunt the economy”.Garba Shehu, senior special assistant to the president on media and publicity, had on Saturday [...]
Tag "abacha loot"
ON THE GO
Temitope Adebayo, one of the Nigerian lawyers hired by the federal government for the repatriation of $321 million Abacha Loot, says they got the job because Enrico Monfrini, the Swiss lawyer "didn’t deliver".In 2016, about a year into President Muhammadu Buhari’s administration, Adebayo and Oladipo Okpeseyi were engaged by Abubakar Malami, attorney-general of the federation (AGF), for the repatriation of [...]
The federal government has accused Switzerland of “robbing” Nigeria in the course of recovering funds looted from the country.Nigeria recently signed an agreement with Switzerland for the release of $322 million said to have been stolen by Sani Abacha, former military head of state.This is just one of the previous recoveries made by both current and past administrations of the [...]
Enrico Monfrini, the Swiss lawyer hired by Nigeria to recover Abacha Loot, says Abubakar Malami, the attorney-general of the federation (AGF), is trying to change the facts on the $321 million recovered from Luxembourg.TheCable had reported how Malami engaged Oladipo Okpeseyi and Temitope Adebayo, two Nigerian lawyers, for a fee of $17 million (about N7 billion) to do a job already [...]
The ministry of finance says it has no information on the payment of lawyers hired by Abubakar Malami, attorney-general of the federation (AGF), for the recovery of $321 million looted by Sani Abacha, former military dictator.Acting on a tip-off that the Nigerian lawyers were about to be paid, the Cable Newspaper Journalism Foundation (CNJF), a partner organisation with TheCable, had asked [...]
Between 2013 and 2014, the federal government used the services of Enrico Monfrini and Christian Luscher, Swiss lawyers, to recover $321 million looted by Sani Abacha, late former head of state.The funds, recovered from Luxembourg, were domiciled with the attorney-general of Switzerland.The next step in completing the repatriation was for Abubakar Malami, attorney-general of the federation (AGF), to write to [...]
The National Social Investment Office says the recently launched TraderMoni micro-credit loan scheme will not be funded with the recovered Abacha Loot.According to the NSIO, a false message has been circulating on social media suggesting that the repatriated funds will be used to finance the loan scheme.A statement was released to this effect on Tuesday by Maryam Uwais, special adviser [...]
Abubakar Malami, attorney-general of the federation (AGF), has resorted to delay tactics to frustrate house of representatives' investigation of the $17 million lawyers' fee for the recovery of $321 million Abacha loot, TheCable has gathered. Apart from refusing to provide the documents requested by the ad-hoc committee set up by the house, Malami has also decided to use the courts to stall the [...]
The house of representatives has resolved to probe the funds recovered from Sani Abacha, former military head of state, from 1998 till date.The lawmakers are also seeking to investigate how the funds have so far been used, including the charges paid to lawyers and consultants.The resolution followed a motion introduced during plenary on Wednesday by Sunday Karimi from Kogi state.Abubakar [...]
Shehu Sani, senator representing Kaduna central, has disagreed with the federal government's proposed disbursement of the $320 million recovered Abacha loot.President Muhammadu Buhari had said the money will be put into the conditional cash transfer (CCT) scheme targeted at the “poorest of Nigerians”.On Friday, the federal government said it will commence disbursement of the recovered loot to 302,000 poor households [...]
The federal government says it will commence disbursement of the recovered $320 million Abacha loot to 302,000 poor households in 19 states in July.In May, President Muhammadu Buhari had said the recovered loot will be put into the conditional cash transfers (CCT) scheme targeted at the “poorest of Nigerians".Tukur Rumar, representative of the National Cash Transfer Office (NCTO), on Thursday [...]
The federal government has announced plans to start a voluntary scheme to recover funds stolen from Nigeria. Abubakar Malami, minister of justice and attorney general of the federation, made the disclosure to NAN on the sideline of a meeting held at the Nigerian embassy in Bern, Switzerland. This comes ahead of the expiration of the Voluntary Assets and Income Declaration Scheme (VAIDS), which was extended to June [...]
The federal government is in negotiations with the United States on the repatriation of another $500 million looted by Sani Abacha, the former military head of state.The repatriation this time, however, would be done without middlemen -- in what should be considered a victory for the campaign against sleaze in the loot recovery.“I am happy to report that we [...]
The ministry of finance is yet to submit its report to the house of representatives’ ad-hoc committee investigating the $17 million fee for lawyers involved in the transfer of $321 million Abacha Loot to Nigeria.Abubakar Malami, the attorney-general of the federation (AGF), had engaged Oladipo Okpeseyi, a senior advocate, and Temitope Adebayo, two Nigerian lawyers to do a job that had already [...]
President Muhammadu Buhari says the $320 million Sani Abacha loot will be put into the conditional cash transfer (CCT) scheme targeted at the "poorest of Nigerians".Buhari said this on Monday while declaring open the 8th Commonwealth Regional Conference for Heads of Anti-Corruption Agencies in Abuja.The president said it was heartwarming to note that there is a renewed and collective effort [...]
The United States says it will only deal with Nigeria on a government-to-government basis for the restitution of $500 million Abacha Loot, senior presidency sources have informed TheCable.Officials of the US department of justice (also known as DoJ), according to the sources, told President Muhammadu Buhari pointblank during his visit to the US that they would not deal with any [...]
Advertisement
