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 [...]
Tag "abacha loot"
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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 [...]
Kemi Adeosun, minister of finance, says the $322 million Abacha loot repatriated from the Swiss government will be spent on poor households under the social safety net programme of the federal government.Addressing journalists on Sunday in Washington DC at a joint press conference with Godwin Emefiele, governor of the Central Bank of Nigeria, the minister said the funds are in [...]
The house of representatives has set up an ad-hoc panel to probe the attempt to pay dubious fees amounting to $17 million to two lawyers for the recovery of $321 million, stolen by Sani Abacha, former military ruler.They also asked President Muhammadu Buhari to intervene in the matter.TheCable had reported that Abubakar Malami, attorney-general of the federation and minister of justice, [...]
The Resource Centre for Human Rights and Civic Education (CHRICED) has called on President Muhammadu Buhari to take swift action on the aborted shady payments to two lawyers on the recovery of Abacha loot.TheCable had reported the engagement of another set of Nigerian lawyers for a fee of $17 million (about N6 billion) for a job already completed by Enroci [...]
Enrico Monfrini, a Swiss lawyer hired by the Nigerian government since 1999 to work on recovering Abacha loot, has denied asking for additional fees.His denial came on the heels of a syndicated article in Nigerian media seeking to justify the duplication of Monfrini's job by Abubakar Malami, the attorney-general of the federation (AGF).TheCable had reported the engagement of another set of [...]
The Economic and Financial Crimes Commission (EFCC) has reportedly invited Ngozi Okonjo-Iweala, former minister of finance, to explain the withdrawal of $250 million from the $500 million recovered from the Sani Abacha family.In 2015, a sum of $250 million was released to the office of the national security adviser (NSA) for the procurement of arms and ammunition to equip security [...]
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