Thursday, September 20, 2018

Tag "Switzerland"

    Abacha Loot: Monfrini did not complete recovery job, says Nigerian lawyer

Abacha Loot: Monfrini did not complete recovery job, says Nigerian lawyer

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 [...]

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    FG accuses Switzerland of ‘daylight robbery’ in recovery of looted funds

FG accuses Switzerland of ‘daylight robbery’ in recovery of looted funds

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 [...]

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    Abacha Loot: Five questions for AGF Malami over N7bn lawyers’ fee

Abacha Loot: Five questions for AGF Malami over N7bn lawyers’ fee

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 [...]

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    Switzerland stand firm, deny Neymar and Brazil

Switzerland stand firm, deny Neymar and Brazil

Brazil were surprisingly held to a 1-1 draw by Switzerland despite an electrifying first half display which included a magnificent Philip Coutinho curler. [...]

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    Keeping up with Nigerian players: Musa, Ajayi shine but Balogun, Ujah missing in action

Keeping up with Nigerian players: Musa, Ajayi shine but Balogun, Ujah missing in action

The weekend was packed with highs and lows for Nigerian players in several leagues across the world.While some hugged the headlines for netting crucial goals, a reverse was the case for others.TheCable takes you on a voyage around the top leagues across the world to see how Nigerian players fared.EnglandAlex Iwobi dazzled at Emirates Stadium in Arsenal's 5-1 thumping of Everton. [...]

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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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    FG to recover $321m loot from Switzerland 

FG to recover $321m loot from Switzerland 

The federal government says it is set to recover another $321 million looted fund from Switzerland, in addition to the $85 million earlier recovered.Abubakar Malami, minister of justice and attorney-general of the federation, said this on Wednesday while speaking to state house correspondents after the federal executive council meeting."As you are aware, the federal government has been making efforts to [...]

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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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    Inside President Buhari’s London mind — 100 days in diaspora

Inside President Buhari’s London mind — 100 days in diaspora

Today -- Tuesday -- makes it 100 days since President Muhammadu Buhari left Nigeria for a second medical vacation in the United Kingdom, only in 2017. The president has spent more days in the UK than he has in his home country. He has undoubtedly broken many records and set new ones. And now, many Nigerians are worried about Nigeria [...]

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Report: Adoke directed EFCC to probe alleged $20m Swiss bribery scandal

Mohammed Adoke, former attorney-general of the federation and minister of justice, is said to have directed the Economic and Financial Crimes Commission (EFCC) to probe the alleged $20 million bribery scandal uncovered in Switzerland.Subsequent to the investigation, the EFCC reportedly said the money might have been consultancy fees.The outcome of the EFCC investigation was sent to Felix Reinmann, Switzerland's federal attorney [...]

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    Okonjo-Iweala: You can’t achieve growth if you have forex distortions

Okonjo-Iweala: You can’t achieve growth if you have forex distortions

Ngozi Okonjo-Iweala, former minister of finance, says growth and development cannot be achieved when a country has distortions in its foreign exchange rates.Speaking at the launch of 'Beating the Odds: Jumpstarting Developing Countries', a book written by Justin Yifu Lin and Celestin Monga in Ahmedabad, India, Okonjo-Iweala said there is no one way to growth and development, but some basic [...]

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    Switzerland: Why we negotiated release of 82 Chibok girls

Switzerland: Why we negotiated release of 82 Chibok girls

Noemie Charton, spokesman of the Switzerland foreign ministry, says her country helped Nigeria rescue the 82 Chibok girls because of humanitarian concerns.On Sunday, Boko Haram insurgents released 82 Chibok girls.The girls were abducted from Government Secondary School, Chibok in Borno state, in April 2014.According to IBTimesUK, Charton said the Switzerland government engaged in the operation principles of strict neutrality and [...]

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    Falana: US, Switzerland don’t want to return Abacha loot to Nigeria

Falana: US, Switzerland don’t want to return Abacha loot to Nigeria

Femi Falana, human rights lawyer, says the governments of the United States and Switzerland are frustrating the return of the looted funds stashed in their countries by late Sani Abacha, a former military ruler.Falana said this in a piece entitled 'The immoral and illegal frustration of the repatriation of the remaining Abacha loot by the governments of United States and Switzerland'."Apart [...]

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    Pogba brothers go to war as Manchester United draw St Etienne

Pogba brothers go to war as Manchester United draw St Etienne

Manchester United has been drawn against St Etienne in the Europa league cup draws held on Monday afternoon.The draws, held immediately after the UCL Round of 16 draws, in Nyom, Switzerland, means Paul Pogba will play against his brother Florentin, who plies his trade with St Etienne.Tottenham Hotspurs is to face KAA Gent of Belgium.The full draw for the Europa [...]

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    Swiss are the ‘richest’ people in the world

Swiss are the ‘richest’ people in the world

The Swiss are the richest people in the world, with an average wealth of $561,900 per adult, Credit Suisse said in its annual global wealth report on Tuesday.This confirms Switzerland’s top ranking for the 16th year in a row.People in the United States trailed with assets worth $344,700, followed by the British average net worth of $288,800, the major Swiss [...]

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    Running down the country won’t help anybody, says Saraki

Running down the country won’t help anybody, says Saraki

Senate President Bukola Saraki says speaking ill of country is of no use to anyone.Saraki said this during an interactive forum, organised at his instance, for the Nigerian community in Switzerland.In a statement by Sanni Onnogu, his media aide, Saraki, who led the national assembly delegation to the 135th Inter-Parliamentry Union Assembly in Geneva, Switzerland, said he was confident that Nigerians [...]

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Exchange Rates

September 20, 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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