Friday 11 October 2013

Another Plot for embezzlement Nigeria moves to recover $185m Abacha loot from Liechtenstein!!!



The Nigerian government commenced an international campaign to recover $185 million (N38.85 billion) loot linked to the late military Head of State, General Sani Abacha. The move is aimed at pressing Liechtenstein to release the looted funds, nearly 14 years after recovery proceedings began.

The Nigerian government first requested assistance from Liechtenstein in returning the assets in 2000.

Ngozi Okonjo-Iweala, Co-ordinating Minister for the Economy and Minister of Finance described the delays as outrageous and accused the Liechtenstein government for non-cooperative . She told the Financial Times she plans to appeal for support at this week's International Monetary Fund and World Bank meetings.

Okonjo-Iweala continues: this is about funds that were stolen by a corrupt dictator. We have spent nearly 14 years trying to get them back and we are pleading with the Liechtenstein authorities not to aid and abet the continuation of that corruption.'

What has become of the past recovered loots?

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