Switzerland Confirms Release Of $1Billion Abacha Loot To Nigeria, Blasts Buhari For Refusing To Use Fund To Alleviate Poverty
Swiss Government has repatriated over $1billion Abacha loot to Nigeria, its Ambassador Eric Mayoraz aid yesterday in Abuja.
He added that his country is collaborating with the federal government to trace and repatriate looted funds stashed in foreign lands.
Mayoraz said;
“All fund hidden in Swiss banks by Abacha was fully repatriated and so we don’t have any of such fund in Switzerland again. $752m was returned in 2005 and we discovered more and more in other banks and that involved the $322.5m that was repatriated earlier this year.”
He spoke at the Forum on Asset Recovery hosted by the Swiss Embassy to discuss issues surrounding the Abacha 2 asset recovery between the two countries with many non-governmental organisations and representatives of international agencies in attendance.
Although the envoy declined to reveal details of the funds that would likely be repatriated back to Nigeria, he explained that the ongoing efforts are geared towards getting a positive result in line with the Mutual Legal Persistence Request agreement signed between the two countries.
Decrying what he termed lack of transparency in the Nigerian government’s handling of the funds, Mayoraz said the Swiss government insisted on the involvement of the World Bank in the management of the $322.5m to ensure that money was spent to alleviate the sufferings of the poor.
“Unfortunately, some of the assets that were returned, there was not so much transparency in it. So, we have to introduce the World Bank to get involved in this so that this particular one can be used by the Nigerian government with the monitoring of the World Bank”, he said.

I just pray that the money will not be re-looted cos our politicians are wicked and heartless.

clevvermind:
I just pray that the money will not be re-looted cos our politicians are wicked and heartless.

Devil self Dey Learn 4 way our Politicians dey

clevvermind:
I just pray that the money will not be re-looted cos our politicians are wicked and heartless.

Save your prayers for something that is more beneficial to you. That money is going to be shared at the earliest opportunity!

What's Tinubu's eye wey see?

He never stole

SamuelAnyawu:
What's Tinubu's eye wey see?

Jonathan, okonjo Iweala and Dasuki stole the Abacha loot that was returned during the Jonathan era. They stole every single kobo without national assembly appropriation. The latest $322million will be paid to poor Nigerians in accordance with the agreement signed between Nigeria and Switzerland. World bank will also monitor the disbursement.

clevvermind:
I just pray that the money will not be re-looted cos our politicians are wicked and heartless.

It has already begun
Buhari is still saying that Abacha never stole

No link?

"Abacha Never Stole." ~ Buhari
"Do Not Glorify Thieves." ~ Buhari
"We've Returned Over $1billion ABACHA LOOT to Nigeria." ~ Switzerland.

Who's the pathetic liar and thieve glorifier here?
The same man who defended and served the govt of the BIGGEST THIEVE in Nigeria's history is here shamelessly receiving Abacha loot.
Bloody hypocrite.

seunmsg:


Jonathan, okonjo Iweala and Dasuki stole the Abacha loot that was returned during the Jonathan era. They stole every single kobo without national assembly appropriation. The latest $322million will be paid to poor Nigerians in accordance with the agreement signed between Nigeria and Switzerland. World bank will also monitor the disbursement.

It will be shared Bro