Over $300 Million to be Returned to Nigeria from Abacha’s Looted Funds in Switzerland

Sani Abacha - March 2014 - BellaNaija

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, yesterday, March 9, 2016, signed a letter of intent for the repatriation of 321 million dollars allegedly stashed in Swiss banks by the late Gen. Sani Abacha, former Nigerian Head of State.

According to Vanguard, the signing, which was preceded by a brief discussion between Vice-President Yemi Osinbajo and Swiss Foreign Affairs Minister, Didier Burkhalter took place at the Vice-President’s conference room where Malami signed on behalf of Nigeria and Burkhalter for his home country.

With Swiss Ambassador, Eric Mayoraz, and his Chief of Staff, Damien Cottier, in attendance as witnesses, the occasion served as an avenue for Malami to explain that the Buhari administration was not resting on its oars, as it was working hard to recover all looted funds.

At the meeting, it was revealed that Switzerland and Nigeria have already written the history 10 years ago with the restitution of 700 million dollars of the Abacha funds. Today, it is another amount of 321 million dollars that can be restituted.

Source: Vanguard

51 Comments on Over $300 Million to be Returned to Nigeria from Abacha’s Looted Funds in Switzerland
  • Beeeee March 9, 2016 at 3:04 pm

    Ah ah…this money never still finish? Wowwwwwwwwww…….I don’t think Nigeria will get all the stolen money back in our lifetime o…..Jeeeez!

    • Zichhy March 9, 2016 at 4:15 pm

      Yahoo boys steal oyibo money una go crucify them, boys thief in supper market dey go strip them naked. Our leader carry our money dump abroad his family dey gallivante nothing do them, Nigerian who be d real thieves? Boys that stealing from oyibo wey turn us to slave, took our right, our culture, our language , our natural hair, our color our and left us copying every bit of their life, and leather who carry money meant for Nigeria go dump abroad? Do you know if they are to return interest it could be half of that amount… Who be the real thieves?

      • Zichhy March 9, 2016 at 4:16 pm

        Leaders *******

      • Well Well March 9, 2016 at 11:44 pm

        Two wrongs don’t make a right, Yahoo boys destroy the life’s of innocent people and they don’t care if you are black or white all they need is a gullible individual to steal from. That said I believe every thief either with a pen or by the barrel of the gun should be persecuted adequately within the rule of law. Enough of the pampering of government and civil officers that steal. Also enough of the ripping of Nigeria’s and Other countries resources by the west.

        A thief is a thief lets not get it twisted and try to justify one over the other. When the whites stop being gullible to these scams, try and guess who they will turn their attention to in order to sustain their life style.

    • Damisko March 9, 2016 at 5:53 pm

      Buhari, is the same guy who is very close friend with the Abacha family. He refuses to go after Abacha family and IBB, afterall two of the most corrupt leaders brought him here. Northerners are also wickedly loyal to one another. There’s a reason Buhari isn’t going after the main corrupt people bcos his hands are not completely clean and he will get exposed along the way.
      So, what exactly is the plan for the returned looted money? because this money alone can build cover up for some infrastructure. And is it only Abacha that looted money abroad.Where did Abdusalem, Obasanjo, Atiku Abubakar, Jonathan/patienc save their stolen government money.

  • Ehiwarior March 9, 2016 at 3:19 pm

    The same Abacha Buhari said that he was not “kwuoropt”
    Abacha seems like a nice man, he keeps blessing every president with his loot.
    Just that Buhari (the self-acclaimed Mr. Integrity is also a thief)

    #argueatyourownperil

    • kikiki March 9, 2016 at 3:29 pm

      The same Abacha that Buhari served????? Yeye dey smell.

    • FasholasLover March 9, 2016 at 3:55 pm

      Lol @ argueatyourownperil.
      Hypocrisy,lies will be the death of Buhari.
      Did you see his face when the Aljareerra interviewer asked him if his own kids will continue schooling abroad? Bubu was confused/rattled. He thot it was going to be one of those arrangee interviews. Oga flopped big time. I no longer read comments from the worshippers on this blog.. l guess all Nigerians go to the same market. Poor governance/Inflation is no respecter of persons.

      • Damilola March 9, 2016 at 7:07 pm

        Buhari, was flustered. He thought he can run away from grilling him. He basically doesn’t want to give interviews back home, and major news outlets like BBC, CNN because he will be exposed for who he truly is. An incompetent, clueless leader. The reality is, Buhari has absolutely no plan for Nigeria. People were tired of last administration, and desperate for a new face and didn’t mind taking someone who seems less of a devil. Typical hausa/fulani man only knows how to herd his cattles, not handle global economy and deal with critical issues Nigeria is facing. And northerners, are backwards in their thinking and perspective. They just want to be in power and embezzle more money without being caught. Nigerians, be ready for a major recession crisis worst than what you are facing right now.

      • Beeeee March 9, 2016 at 10:27 pm

        Lmao…. His face was like ” if I could, I would punch the hell out of this woman”

  • kadara March 9, 2016 at 3:19 pm

    Abeg how much did this man steal? This is disgusting

    • kikiki March 9, 2016 at 7:27 pm

      Kadara where is your epistle?
      mtcheeww

      • Iseeubaby March 9, 2016 at 9:50 pm

        Atleast Kadara still turns up albeit one liner. I am interested in seeing Ada Nnewi. Cos all she does this days is to lurk around BN posts waiting for them comments about Mr Kworruptiion fighter and GEJ, then her mute button goes off.
        Ada Nnewi I challenge you, show thyself in these posts and run amok like you were used to pre 2015 elections, or are you on sabatical or did the change take you along with it

    • Ada Nnewi March 10, 2016 at 3:36 am

      I seeubaby….I can tell you’ve missed me….I’ve been busy trying to make money… this economy doesn’t really allow for idle chatter and I’m still a staunch buhari supporter…most of his policies are long term fixes so a contracting economy is expected after the last incompetent leader misused the largesse the country amassed during his tenure due to record oil prices

      • Iseeubaby March 10, 2016 at 6:16 am

        Yes of course I know you lurk around looking for opportunity to come sing ur master’s praise. His policies are long term*chuckels*. I see you are still about the last administration like ur mastell, you guys should keep at it as you never dissapoint. Here is a post discussing Abacha’s loot and the fact that ur master says the ‘thief of bagdad’ was not corrupt, you still had to classically bring in the last administration and managed to use the word incompetence. I bet you wouldn’t spot that incompetency, lies,propaganda and confusion in your change bringer…oh its a long term something something!!!

    • abeg March 10, 2016 at 3:52 pm

      Story, pretender, mtcheww.

    • abeg March 10, 2016 at 3:53 pm

      I dey talk to u kadara

  • ….. March 9, 2016 at 3:21 pm

    Now this is who you call a Thief….Even in death…commonn!!!

  • Marian March 9, 2016 at 3:27 pm

    My goodness! How much did this guy steal sef? I feel like every year someone is returning some of his stolen money. I can’t even call this greed, wickedness on a high level ni. Did anyone look into any of his personal accounts? Family accounts?

  • Rafaella March 9, 2016 at 3:28 pm

    Over $300M? Jesus! I wonder why his/family’s name doesn’t appear on Forbes cos he was one of dem looters. Uncle loot sotee every of his a/c started pitying for our dear country Nigeria. After Aunty Gumsu will jump out to defend her late father.

    • Engoz March 9, 2016 at 5:10 pm

      I read one headline sometime ago where a journalist asked Maryam Abacha how she was coping with the freezing of the Abacha accounts, she replied ‘she can never be poor as Dangote’.

    • nene+ March 9, 2016 at 6:46 pm

      Hmmm which monies did Abacha steal? “Abacha was not kworupt”-Muhammadu Buhari.

  • bcga March 9, 2016 at 3:33 pm

    This thing be like ‘Seaspn Feem”, e nor dey gree end. Season 3 is coming soon.

    The moral decadence of the political class in Nigeria is nauseating. It’s mindboggling how much of our commonwealth have been looted and stashed across foreign accounts in European & American countries.

    Patiently waiting for Jide Omokore, Diezani, Jonathan and other alleged looters in the last administration.

    It’s a mess really.

  • keke driver March 9, 2016 at 3:44 pm

    This one don pass be careful o, please we don’t want again o, let them stop returning this monies.

  • mrs chidukane March 9, 2016 at 3:45 pm

    My own is what was done with the money already returned? What will be done with this one? When will our lawmakers salaries be reviewed?

    • mrs chidukane March 9, 2016 at 3:46 pm

      *salaries and allowances

      • Le coco March 9, 2016 at 4:02 pm

        How can the salary be reviewed when it it the law makers that will review it… do you think thy will agree to take a pay cut? never.. they are thieves now

    • Anon March 9, 2016 at 4:00 pm

      It goes into their pockets. The Buharis and the Abachas are friends, he could give them some of the returned loot. The money stays in the same circles.

  • kristin March 9, 2016 at 4:04 pm

    The money will simply change ownership. It will fall into the hands of another thief

  • Nwa nna March 9, 2016 at 4:14 pm

    Abacha aka Nostradamus… Can’t even be mad at this dude because of his foresight he stashed away Nigerian money future needs 😉
    Abacha had the gift of foresight that he helped Nigeria save for rainy days… OBJ received part of the loot, GEJ received his part, now PMB too receiving his share! Chei, Abacha the Ray-Ban bandit was too much jo… And I guarantee you that the next administration will also receive their share of the loot too even though they don’t know it yet! 😀 😀

    • Shomowale March 9, 2016 at 6:40 pm

      are you crazy ???

      • Biker Chic March 9, 2016 at 7:34 pm

        Calm down. You Hv no spence of Humour! @nwa nna is being sarcastic. @nwa nna, l get you. The man sure had foresight????

    • Mamacita March 9, 2016 at 8:08 pm

      @ Biker Chic, shomowale would not recognise sarcasm if it walked up to him and kicked him in the nuts/slapped her on her derrière?

      Mr. Egghead you’ve created a monster ?

  • Xristybabes March 9, 2016 at 4:36 pm

    and these ones are official….please when are they returning unofficial funds too

  • Nicex March 9, 2016 at 4:48 pm

    Funny as this may sound, I am happy that we are going to receive back this stolen money at this time because Nigeria desperately needs it. I hope we put it to good use.

  • Tee March 9, 2016 at 5:44 pm

    Nigerians allow it… We worship at the altar of money
    Next week we’ll see another abacha family stunning wedding on bellaNaija
    Everyone will be tapping into the same blessing

  • Tate March 9, 2016 at 6:02 pm

    Later that his short neck daughter will go on twitter to defend him, criminals the lot of them!

  • Shomowale March 9, 2016 at 6:39 pm

    HAIL BUHARI.

    – Promice (2) complete.

  • Tolani March 9, 2016 at 7:08 pm

    the money will be re-looted so….

  • Tee March 9, 2016 at 7:17 pm

    Did Gumsu put this up on her twitter? Gumsu where art thou? To the best Dad in the world. Biko come and explain or define what makes a dad the best in the world. Oooops, I hope some grand kids are not reading this biko. And I want to believe your soulmate doesn’t have any of this traits, Loops sorry, wetin I dey talk sef. Itts a good trait and role model for them little ones

  • Tincan March 9, 2016 at 7:53 pm

    Question is, what is theolan for the returned money?

  • Tincan March 9, 2016 at 7:53 pm

    *the plan* even.

  • pearl March 9, 2016 at 9:47 pm

    Which way naija??? D truth is dat Abacha ws incredibly corrupt bt if U truly look around almost all Nigerians are corrupt nd wicked from those who bribe @ filling stations while dey can’t fend for deir families to dose who steal large sums of money. The entire system needs purging and it starts from one person @ a time. We really aren’t ready for change so let’s stop blaming d govt. We need to hav a personal nd soul searching rethink to move forward.

    • Spunky March 9, 2016 at 10:14 pm

      @ Pearl; are you a PAL? Just curious.

  • Iris March 9, 2016 at 10:09 pm

    Shet.

  • mabel March 9, 2016 at 10:43 pm

    Pmb should just cover his face in shame. Abacha is not corrupt, o ti o. He was a knight. Defending blindly. A whole president. He should just ask them to keep the money o since Abacha is not corrupt na. The money developed wings and flew to Switzerland. Na only the money waka go.

  • fleur March 10, 2016 at 3:46 am

    It wont change anything. WHy return it? At least over there it is yielding interest that can be tapped into whenever we wake up as a country.

  • neeka March 10, 2016 at 4:01 am

    money ohhh…where is the interest??? switzerland..makers of swiss watch and chocolates, where de interest. our leaders are the worst kind of soulless, heartless ppl. when i was growing up, i heard that when African leaders die, the swiss bank freeze their accounts…i used to think it was really in the fridge…hahahaha. but now i understand that the money is still being used, so there must be interest!!! swiss bankers are the biggest thieves, aka good bankers

  • Amy March 10, 2016 at 6:22 am

    The looting of Nigeria over the past 35 years or so may one day enter the Guinness book of records. How can a single man Abacha steal so much money that even more than a decade after he died $$$millions are still being recovered. Who was the CBN head? Did they move the entire CBN inside his residence? How much loot is with the looters who are still alive? Jonathan, Obasanjo, Shagari, Tinubu, Fashola, Okorocha, all the Govenors nationwide and commissioners and their cronies. Nigerians wake up! They want the masses to be busy arguing over trivial issues and divided by tribe while they literally finish Nigeria. They even borrow money on behalf of Nigerians when the money runs low to steal into their personal accounts. They really are all sick. Do these folks get how much ch $1m is to a hard working American? The median income here is barely $50k and if you make $200k as a household you pay your taxes and bills and live very well. Do they get it? That you don’t need $300 in 10 lifetimes to live well in the country that owns the dollar even if you live to be 100 years in each lifetime? What sort of greed is this? Stealing money belonging to your town, local government, state and country and putting it in another country to generate income for that country. To think our looters are the rulers, oh my…. Has it occurred to most working Nigerians that we are the ones subsidizing these thieves and the consequences of their stealing? They steal money for your parents pension, you send money, they steal water money, you dig borehole etc, we have to shut Gumsu Abacha and her ilk up and shame them if their cohorts in government cannot jail them!

  • Amy March 10, 2016 at 6:23 am

    I meant” you don’t need $300m in 10 lifetimes”

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