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I Left $287 Billion Abacha Loot In Treasury – Obasanjo - Politics - Nairaland

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I Left $287 Billion Abacha Loot In Treasury – Obasanjo by Goldrushnigeria(m): 1:21pm On Sep 14, 2015
Former President Olusegun Obasanjo said he left in the national treasury over N287bn, made up of $2bn, £100m and N10bn in cash and property, being the loot recovered from the late dictator, Gen. Sani Abacha.

Obasanjo left office as President in 2007 after serving two terms of eight years and handed over to the now late former President Umaru Yar’Adua.
The N287bn figure was arrived at using an average exchange rate of N125.88 to a dollar in 2007 and an average exchange rate of N247.99 to a pound in the same year.

The former President said the funds were paid into the treasury through the Central Bank of Nigeria.

Obasanjo’s revelation was contained in the Vol. II of his memoir, My Watch. His take on the Abacha loot is slotted under the sub-heading “Recovery of looted funds” on pages 494 and 495.

He said, “In total, by the time I left government in May 2007, over $2bn and £100m had been recovered from the Abacha family abroad, and well over N10bn in cash and properties locally. All were paid to the public treasury through the Central Bank.

“Enrico (Monfrini, a Swiss lawyer) told me by the time I left government that if he continued to get support for his work, there was still about $1bn he believed he could still recover from the Abacha family and cronies.”

The former President said that there was a time he got a report that £3m cash was seized from an agent of the late military dictator by customs officials at an airport in UK and that the British authorities asked the Nigerian government to prove ownership of the money.
READ MORE: http://www.goldrushnews247.com/2015/09/i-left-287-billion-abacha-loot-in-treasury-obasanjo/

Re: I Left $287 Billion Abacha Loot In Treasury – Obasanjo by NeduLuiZ(m): 1:23pm On Sep 14, 2015
Who even takes you serious angry
Re: I Left $287 Billion Abacha Loot In Treasury – Obasanjo by bonechamberlain(m): 1:24pm On Sep 14, 2015
nonsense, u left $800 billion in Treasury, u left $400 billion of lagbaja loot, u left $100billion of obj loot. u left this and that. now the question should be are the loots meant to be left or kept in the bank or to be used to improve the country and the welfare of its citizens. Nigerian leaders praising themselves over their lack of foresight to use our resources to improve the welfare of the people. angry
Re: I Left $287 Billion Abacha Loot In Treasury – Obasanjo by yanabasee(m): 1:24pm On Sep 14, 2015
What about the ones OBJ looted? Did he drop the money in the treasury?
Re: I Left $287 Billion Abacha Loot In Treasury – Obasanjo by Nobody: 1:25pm On Sep 14, 2015
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Re: I Left $287 Billion Abacha Loot In Treasury – Obasanjo by coolitempa(f): 1:27pm On Sep 14, 2015
Goldrushnigeria:
Former President Olusegun Obasanjo said he left in the national treasury over N287bn, made up of $2bn, £100m and N10bn in cash and property, being the loot recovered from the late dictator, Gen. Sani Abacha.

Obasanjo left office as President in 2007 after serving two terms of eight years and handed over to the now late former President Umaru Yar’Adua.
The N287bn figure was arrived at using an average exchange rate of N125.88 to a dollar in 2007 and an average exchange rate of N247.99 to a pound in the same year.

The former President said the funds were paid into the treasury through the Central Bank of Nigeria.

Obasanjo’s revelation was contained in the Vol. II of his memoir, My Watch. His take on the Abacha loot is slotted under the sub-heading “Recovery of looted funds” on pages 494 and 495.

He said, “In total, by the time I left government in May 2007, over $2bn and £100m had been recovered from the Abacha family abroad, and well over N10bn in cash and properties locally. All were paid to the public treasury through the Central Bank.

“Enrico (Monfrini, a Swiss lawyer) told me by the time I left government that if he continued to get support for his work, there was still about $1bn he believed he could still recover from the Abacha family and cronies.”

The former President said that there was a time he got a report that £3m cash was seized from an agent of the late military dictator by customs officials at an airport in UK and that the British authorities asked the Nigerian government to prove ownership of the money.
READ MORE: http://www.goldrushnews247.com/2015/09/i-left-287-billion-abacha-loot-in-treasury-obasanjo/

And Jona with his band of thieves looted it all...... cheesy...chei
Re: I Left $287 Billion Abacha Loot In Treasury – Obasanjo by Nobody: 1:28pm On Sep 14, 2015
Foolish old man are calm and reasonable in their utterances but Obj will want to be an elder statesman.
Re: I Left $287 Billion Abacha Loot In Treasury – Obasanjo by donholy28(m): 2:08pm On Sep 14, 2015
And buhari said that abacha didn't steal anything

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