Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,200,801 members, 7,976,005 topics. Date: Tuesday, 15 October 2024 at 05:21 PM

How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) (31919 Views)

Truckloads Of Dangote Rice Arrive Lagos For Distribution / Al-Mustapha: How Abacha Died! Didn’t Die After Eating Apples From Prostitutes / 2 Truckloads Of Armed Fulani Herdsmen Arrive In Akure - Sahara Reporters (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Muhylonaire007: 11:26am On Jan 29, 2021
Record maker.... Lol
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Celestyn8213: 11:26am On Jan 29, 2021
They didn't tell us when he was alive
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Kingpele(m): 11:26am On Jan 29, 2021
Crazy
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by knowhowk: 11:26am On Jan 29, 2021
Realtord43:
But Mr integrity buhari said Abacha never stole nor loot govt funds.

Bird of same feather.
. Did our Darling Daddy truly said this ?

3 Likes

Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by etrouble: 11:27am On Jan 29, 2021
post=98547891:

You talking about your ineffectual buffon aight?

No, he is the senseless blood sucking Cow. The ineffectual is one and undisputed Goatluck Jonaddaft.

1 Like

Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by DarkJeddi(m): 11:28am On Jan 29, 2021
lastmessenger:
Why are we concentrating only on abacha? Ibb is another corrupt monster who stole Nigeria dry. Why nobody talk about him is something I don't understand.
Ibb must return all the loot
You think that if Abacha is alive today,Nigeria would have recovered a dollar of his loot?

1 Like

Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Nobody: 11:28am On Jan 29, 2021
That is how bad the leadership foundation in Nigeria is.
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Cantonese: 11:29am On Jan 29, 2021
Na wah.

Just image. Using the word “stole”. The children more or less should be ashamed of that title affixed to the name of their father. But the reverse is the case. They have gone to court to keep the money and lost cases, even as at seven days ago. The children have claimed intimidation by Chief Obasanjo. We have been told how the wife opened a university in Niger republic.

We actually thought this government would put an end to the stealing. Wetin dey happen now lily close all our mouths as our oga said agreed two days ago that they had failed on their campaign promises.

2 Likes

Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by mysticwarrior(m): 11:29am On Jan 29, 2021
Abacha was a good man ask Daniel Amokachi.
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by onuman: 11:31am On Jan 29, 2021
Bunkum.

Nigerians later made Sani Abacha’s right hand pal, Muhammadu Buhari, to become their president.

More of the stealing, now including what is left of your brains.

1 Like

Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Crimrburster: 11:31am On Jan 29, 2021
post=98547918:

Ok...is that all?!
no, buhari is stupid impotent.
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by LZAA: 11:33am On Jan 29, 2021
Afamed and helinues wee now say abacha never stole
Sai mama
Sai APCheat
Cc imhotep greenback blackking98 sarrki

1 Like 1 Share

Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by JooEeL(m): 11:34am On Jan 29, 2021
lastmessenger:
Why are we concentrating only on abacha? Ibb is another corrupt monster who stole Nigeria dry. Why nobody talk about him is something I don't understand.
Ibb must return all the loot

If u steal 100 million naira 30 years ago, how much is going to remain in your hands today?

And how much would you have spent on just feeding and eating well, throwing parties, dashing relatives, spending recklessly in hotels etc.?

How old is he already? Its already a waste of time. He's fed fat and enjoyed the largesse bountifully already.
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by TruthHurts1(m): 11:34am On Jan 29, 2021
You mean the Abacha that your FULL ANUS master in Aso Rock is always praising?

helinues:
Abacha, our ATM ancestor

We have plenty future ATM ancestors in Nigeria...

Beans go spill after their demise...

1 Like

Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by lexy2014: 11:34am On Jan 29, 2021
EmptyGarden:
Abacha "stole", past tense. I think we should be more concerned with the one "stealing".

D only reason we are hearing all this grammar about abacha is because he is dead. If he wasn't, he will celebrated as a saint. So those we call saints today aren't in any way better than abacha

2 Likes 1 Share

Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by TATALoAlaMu: 11:35am On Jan 29, 2021
Nigga Mind Your Speech. Let's talk about the present!
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Nobody: 11:36am On Jan 29, 2021
you taking about Abacha what about the others in government right now.
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by berrystunn(m): 11:36am On Jan 29, 2021
Lie lie
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Ayo2004: 11:36am On Jan 29, 2021
Bouz:
Abacha family is cursed for life. for rendering nigeria into this current state of poverty. wickeddd cry
And yet they live in the biggest houses,drive luxury cars and still mingle with the wealthy people of Nigeria..karma is a bitch and bitches love money,that's why karma can be manipulated with the right amount of money,fame and power.Nigerians ought to work towards better ways of developing the country,but most of us will go to church from Monday to Sunday expecting God to elevate us without any work asif we weren't given brains,if Abacha was still alive and he colluded with prominent pastors and imams to nominate him as "God-chosen president",many Nigerians will vote for him and he will become the president.

1 Like

Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by naijadrivablog: 11:37am On Jan 29, 2021
But someone said he was a "saint"

A man whose wife said that they can never be poor like Dangote
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by MAYOWAAK: 11:38am On Jan 29, 2021
A FEW OF THE DOCUMENTED CASES OF LATE GENERAL ABACHA'S DIRECT STEALING FROM THE CENTRAL BANK OF NIGERIA.
************************
Following General Sani Abacha’s death on June 8, 1998, General Abdulsalami Abubakar assumed power. A month later on July 13, 1998, apparently having seen evidence of monumental looting of the treasury by his late predecessor, then Head of State instituted the Special Investigation Panel to establish “cases of swindled public funds and recover same back to the federal government coffers”.

Within a matter of days, the panel had secured records from the apex back which revealed that between November 1993 when he took over and June 1998 when he died, Abacha had taken from the CBN funds totaling $2,263,520,497(TWO BILLION DOLLARS............) in cash withdrawals, travelers cheques and telegraphic transfers, in the name of “security vote”. However, the job of the panel was made easy by the fact that one of the Abacha family associates, Alhaji Abubakar Bagudu (currently Governor of Kebbi State) was ready to cooperate by returning some of the loot.

On May 26, 1999, just three days before handing over power, General Abubakar promulgated Decree 53 of 1999 on forfeiture of assets by certain persons which listed the monies returned by the Abacha's family.

Abacha’s contempt for accountability commenced less than two weeks after he took power from Chief Ernest Shonekan. In a memo reference NSA/A/320/S/46 dated 30th November 1993, the then National Security Adviser, Alhaji Ismaila Gwarzo, requested for $100 million to combat “an economy that was deflected and distorted through the black market.” In the same memo, Gwarzo also undertook to pay back the naira equivalent into government coffers. Having apparently been briefed by Abacha, the then Central Bank of Nigeria (CBN) Governor, Dr Paul Ogwuma released the money in the following sums: $95 Million and 3.2 million Pounds Sterling, all in cash.

However, the import of that first transaction was that Abacha had realized just how easy it was to directly take money out of the CBN and that became a perfect scam for him. All that was then needed was a letter from Gwarzo seeking approval for any sum of money in the guise of “security” and the CBN would release such demand in cash. So primitive was the whole arrangement that the principal job of some security officials was to be bagging and re-bagging millions of Dollars and Pound Sterling. The following are a few of the documented transactions:

On February 13 and 15, 1995 Gwarzo collected US$200,000 and US$600,000 respectively (totaling $800,000) from the CBN. This was sequel to Abacha’s approval of his letter dated 15th February, 1995 in which he requested for US dollars $4 million and GB£ 2million “to take care of some developments in a number of areas…” The $800,000 was part payment for the approved sum of US $4 million while the balance was paid in Travellers’ Cheques.

On 29th December 1995, Gwarzo collected from the CBN the sum of US $5 million based on Abacha’s approval of his letter to deal with “situation at hand”!

The reasons given in many of the letters seeking approval to take money out of the CBN beggar belief but having “started small”, Abacha apparently became more emboldened with time.

On 23rd August, 1996, Gwarzo collected US $30 million from the CBN following Abacha’s approval of his letter dated 20th August 1996, requesting for the said money to “assist our immediate neighbours and others within this sub-region”.

On 18th December, 1996, Gwarzo collected US $ 66.5 million and GB £20 million following Abacha’s approval of his letter to meet “some requests from Heads of State of some Francophone countries, and to cultivate African solidarity.”

A month later on 30th September, 1996, Gwarzo collected US $50 million and GB £20 million from the CBN sequel to his letter dated 24th September 1996, requesting for the money to “prop some African and other Third World countries” to assist in Nigeria’s “democratization and economic recovery”.

On 28th April, 1997, Gwarzo collected US $60 million GB £30 million sequel to Abacha’s approval of his letter dated 22nd April 1997, in which he requested for the said sums for “public relations to international communities and organizations”.

On 9th July, 1997, Gwarzo collected US $ 5 million from the CBN following Abacha’s approval of his letter dated 23rd May, 1997 to meet all “demands and commitments as directed”.

A month later on 8th December, 1997, Gwarzo collected US $120 million and GB £50 million sequel to Abacha’s approval of his letter dated 26th November 1997. And on 19th January, 1998, Gwarzo collected from the CBN the sums of US $100 million and GB£ 50 million to “counter insinuations that (Lt. General Oladipo) Diya’s coup was not real, and the government framed them to remove and replace the coupists with stooges.” The interesting thing about this particular transaction was that while re-bagging the money, “four cartons containing a total of about US$ 8 million were set aside” in Gwarzo’s own residence, while the balance of US $57 million and GB£ 30 million were delivered to the late Head of State through Mohammed Abacha.

On 25th October, 1997, Gwarzo collected US$ 80 million and GB £40 million “to sponsor military intervention in Sierra Leone, and garner support for same in the West African Sub-region.”

On 30th April, 1998, a few weeks before Abacha died, Gwarzo collected US $ 80 million, GB £50 million and N250 million based on his letter dated 29th April 1998 for the conduct of an enlightenment campaign on the “virtues” of an “Abacha Presidency”.

On 5th July, 1996, Gwarzo collected from the CBN the sum of US $8.1 million and GB £ 5.2 million based on his request dated 14th June 1996, to support five presidential aspirants in the Niger Republic general elections.

On 21st February, 1997, Gwarzo collected from the CBN the sums of US $60 million and £20 million for “pro-Nigeria propangada” abroad.

On 1st April, 1998, Gwarzo collected from the CBN the sums of US $65 million and GB £30 million for “Public Relations at home and abroad, to counter the European Union campaign against the transition programme.”

On the 8th of May, 1996 Gwarzo collected US $3 million and US $9 million respectively from the CBN. Out of this sum, he reportedly sent US $ 7 million (on behalf of Abacha) to then President Matthew Kerekou of Benin Republic as “assistance to the country to pay outstanding workers’ salary” while US $2 million was for Kerekou himself.

On 13th November, 1996, Gwarzo collected US $5 million and GB £3 million from the CBN based on his letter dated 7th November, 1996 “to take care of foreign dignitaries who will attend the burial ceremonies of the first President of Nigeria, Dr. Nnamdi Azikiwe.”

On 10th September, 1997, Gwarzo collected US$ 60 million and GB£ 30million from the CBN “to finance a campaign for a seat on the Security Council of the United Nations Organisation.”

On 9th December, 1996, Gwarzo collected US $5 million from the CBN sequel to Abacha’s approval of his letter dated 21st November, 1996 in which he requested the said sum “to finance the purchase of ten Toyota Land Cruisers, and ten Peugeot 505 saloons for the Republic of Mali”.
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by humilitypays(m): 11:44am On Jan 29, 2021
Buhari's Minister of Humanitarian affairs and office of the Vice President have stolen more than Abacha in the name of conditional cash transfer to the poor, tradermoney, and survivalfund programme they are handpicking few applicants while filling the rest with their own political fronts' names
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Nobody: 11:45am On Jan 29, 2021
LZAA:
Afamed and helinues wee now say abacha never stole
Sai mama
Sai APCheat
Cc imho,tep greenback blackking98 sarrki
where is bamite?

2 Likes 1 Share

Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by berrystunn(m): 11:49am On Jan 29, 2021
gasparpisciotta:
Al Mustapha said late Abacha kept the money for Nigeria’s future use and that I feel is quite commendable.

However, what has happened to the recovered monies?


I believe mustapha .. good question what happened to the recovered funds

Looting from looters
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by LordKushmann(m): 11:50am On Jan 29, 2021
lastmessenger:
Why are we concentrating only on abacha? Ibb is another corrupt monster who stole Nigeria dry. Why nobody talk about him is something I don't understand.
Ibb must return all the loot

If Abacha was still alive, would anyone be talking about his loot?

Wait till IBB dies...
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Ekeretom4(m): 11:52am On Jan 29, 2021
Please please please....Abacha never stole a dime......in PMB voice
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by stchinedu: 11:55am On Jan 29, 2021
Abacha remains my person.
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Fash20: 11:55am On Jan 29, 2021
Nothing should be named after than man. For he is not but a thief
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by seangy4konji: 11:56am On Jan 29, 2021
He is still a learner to buhari

Chief looter..
Re: How Abacha Stole Billions In Truckloads - Enrico Monfrini (BBC) by Ytea(f): 11:58am On Jan 29, 2021
.

(1) (2) (3) (4) (5) (Reply)

Edo APC Primary Produces 2 Candidates / One Of The Gunmen Captured After The Kano Bomb Blast Begged For His Life / Ohanaeze Ndigbo Apologized To Buhari Over Endorsement Of Atiku

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 39
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.