Saturday, November 17, 2018

Tag "abacha loot"

    Adeosun: $322m Abacha loot will be spent on poor, vulnerable households

Adeosun: $322m Abacha loot will be spent on poor, vulnerable households

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 [...]

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    Abacha Loot: Reps set up panel to probe $17m dubious lawyers’ fees

Abacha Loot: Reps set up panel to probe $17m dubious lawyers’ fees

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, [...]

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    Malami is making a mess of your anti-graft fight, group tells Buhari

Malami is making a mess of your anti-graft fight, group tells Buhari

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 [...]

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    Abacha loot: I never asked Nigeria for extra pay, says Swiss lawyer

Abacha loot: I never asked Nigeria for extra pay, says Swiss lawyer

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 [...]

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    Report: EFCC invites Okonjo-Iweala over $500m Abacha loot

Report: EFCC invites Okonjo-Iweala over $500m Abacha loot

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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    Abacha Loot: Court to hear Cable Foundation’s suit against AGF on Feb 13

Abacha Loot: Court to hear Cable Foundation’s suit against AGF on Feb 13

A federal high court in Abuja has fixed February 13, 2018 for the hearing of a lawsuit filed against the attorney general of the federation (AGF) by the Cable Newspaper Journalism Foundation (CNJF).The case has been assigned Gabriel Kolawole, a judge of the federal high court.The foundation had sued the AGF over his failure to respond to a freedom of [...]

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    Nigeria to receive N36bn Abacha loot refund

Nigeria to receive N36bn Abacha loot refund

The federal government will on June 25 receive the N36 billion ($228 million) looted by former head of state, General Sani Abacha, from the Government and Principality of Liechtenstein, the ministry of finance has said.This is part of the agreement reached with the Abacha family, leading to the discontinuation of a suit against Mohammed, one of his sons, after the family [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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