Connect with us


Abacha’s $458 Million Loot seized by US Government

Avatar photo



Sani Abacha - March 2014 - BellaNaija

The Late Sani Abacha keeps making headlines.

Less than week after President Jonathan honoured the former head of states at the centenary celebration for his contributions to the nation, the United Sates of America Government has ordered that all his stolen assets be seized.

It is worth $458 million.

With the help of local authorities, they were able to recover money stashed in Britain, France and Jersey.

“This is the largest civil forfeiture action to recover the proceeds of foreign official corruption ever brought by the department. General Abacha was one of the most notorious kleptocrats in memory, who embezzled billions from the people of Nigeria, while millions lived in poverty.” said Mythili Raman, acting assistant attorney general.

According to the Justice Department, the frozen assets along with additional assets represented “proceeds of corruption”, during Abacha’s regime as President.

Punch was first to report the story.

Star Features