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 [...]
Tag "abacha loot"
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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 [...]
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 [...]
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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