Monday, September 24, 2018

Tag "looted funds"

    MAP: 13 roads to be reconstructed with recovered loot

MAP: 13 roads to be reconstructed with recovered loot

President Muhammadu Buhari on Friday signed an executive order to restrict corrupt suspects access to their assets seized during investigation.As part of the benefits of the order, Buhari said an equivalent of about 57% of the monies recovered from high-profile corruption cases would be used for reconstruction and repair of 13 roads across the country.Below is a story map of [...]

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    Nigeria, US sign agreement on return of $300m ‘looted by Abacha, Alamieyeseigha’

Nigeria, US sign agreement on return of $300m ‘looted by Abacha, Alamieyeseigha’

The federal government has signed an agreement with the United States on the return of over $300 million allegedly looted by Sani Abacha, former head of state and Diepreye Alamieyeseigha, ex-governor of Bayelsa state.Abubakar Malami, attorney-general of the federation, made the disclosure when he spoke at Chatham House, London, in the United Kingdom on Thursday.In his speech, titled 'Nigeria’s anti-corruption [...]

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    Malami: Civil society groups will monitor assets recovered from Abacha

Malami: Civil society groups will monitor assets recovered from Abacha

Abubakar Malami, attorney general of the federation says the federal government, has concluded plans to sign a memorandum of understanding (MOU) with the government of Switzerland for the release of another $321 million recovered from the family of late Sani Abacha.Malami disclosed this at a preparatory meeting of the global forum on asset recovery (GFAR) which held in Abuja on [...]

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    Swiss govt to help Buhari get $370m Abacha loot

Swiss govt to help Buhari get $370m Abacha loot

Hans Rudolf Hodel, ambassador of Switzerland to Nigeria, has said his home government is ready to help Muhammadu Buhari fight corruption beginning with the recovery of about $370 million reportedly looted by Sani Abacha, former military head of state, stashed away in Luxembourg, a landlocked country in Western Europe.Speaking on the commitment of the Swiss government to helping Nigeria fight corruption, [...]

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Exchange Rates

September 21, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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