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US Wins Legal Control of Abacha’s Half-Billion Dollars Loot

BellaNaija.com

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General Sani Abacha - Bella Naija

On Thursday, the US Justice Department said that it has won legal control of nearly a half-billion dollars worth of corrupt gains hidden in banks by late Nigerian dictator Sani Abacha.

A court judgement on Wednesday gave the US title to more than $480million that Abacha and his associates embezzled and secured in accounts in Jersey, England, Ireland and France.

The US is still seeking control over another four Abacha-tied investment portfolios of $148 million in Britain.

On the basis that the corrupt funds were originally moved through the financial system, the department will seek to have authorities in those four jurisdictions order banks to transfer the money to it.

“General Abacha and others systematically embezzled billions of dollars in public funds from the Central Bank of Nigeria on the false pretense that the funds were necessary for national security

The conspirators withdrew the funds in cash and then moved the money overseas through US financial institutions.

Our goal is to repatriate the recouped funds for the benefit of the Nigerian people” said a rep for the department.

Abacha ruled the Federal Republic of Nigeria from 1993 to 1998.

31 Comments

  1. Amira

    August 8, 2014 at 5:21 am

    Gunsu, over to you; you thieving father and his loot is the topic of discussion

    • Linux

      August 8, 2014 at 8:17 am

      Abacha loot every day every season is no longer news.Pls they shud look for a more good news rather than stirring public opinion.The Foreigners will assist our leaders for investment abroad and at the end of the day they look for means of gulping it.
      How about leaving Abachas ,who are worse than the late?

    • Linux

      August 8, 2014 at 8:20 am

      Nigerian leaders knows our county’s problem ,are they not chasing shadows and blackmailing us?

  2. Honeymix

    August 8, 2014 at 5:38 am

    Oga o

  3. Someone

    August 8, 2014 at 5:39 am

    What happens to the money now?

  4. bruno

    August 8, 2014 at 6:05 am

    America keep the money for now, pls don’t return it, they will re-steal again.

  5. NennyD

    August 8, 2014 at 7:01 am

    Us Government are the most horrible thieves i have ever seen. They will systematically enter a country and then siphon all their resources. I just pray that our leaders will learn from this.

    • Dekunle

      August 8, 2014 at 8:52 am

      Shut your trap.

    • ade

      August 8, 2014 at 1:16 pm

      As in, shut that trap

  6. stephy

    August 8, 2014 at 7:07 am

    which way? Nigeria my dear country!

  7. a good Nigerian

    August 8, 2014 at 7:12 am

    Then when they return the money to Nigeria, another group will steal it!

    • vivi

      August 8, 2014 at 3:29 pm

      who said they will return the money. It breaks my heart to see ahow ignorant Africans are to international politics. If any thing the US will control Nigeria and its resources then you will see what will happen next.

  8. bimpe

    August 8, 2014 at 7:33 am

    How much has this guy looted? He is undoubtedly one of the biggest legitimate crooks

  9. Miss H

    August 8, 2014 at 8:15 am

    Hmm, why are the Americans not fighting to see that the money comes back to the Nigerians. They want to grab the money and then lend it to Nigerians at very high interest rates. I don’t understand why they think they can ever have the interest of a country more than the citizens themselves. People steal everywhere even in the U.S. Ask me and I’ll tell you the horrible things these whites do in the name of helping Africans. Just before somebody starts jumping on me, I am not in support of Gov’t officials looting tax payer’s money; however Africans should not be left to feel that they can’t run their own homes. No matter how messy your home is, you really don’t want your mother or mother-in-law telling you how to run it!!!

  10. Ambassador

    August 8, 2014 at 8:41 am

    Why will they keep our money. Is better our thief leaders re-steal it then US leaders stealing our money. Who be thief? Who be hunter?

  11. cos I say so

    August 8, 2014 at 8:51 am

    So our money now belongs to america… Na wa
    Stupid Nigeria
    This is the kind of stuff that causes war

  12. Dekunle

    August 8, 2014 at 8:52 am

    Good. Keep the money away from here and our thieving leaders.

  13. chilly

    August 8, 2014 at 9:11 am

    @Nenny D, are u truely a Nigerian or living in this country. US and co hv released much more billion dollars in previous years, Where is dat Money today.

  14. Concerned Citizen

    August 8, 2014 at 9:24 am

    If you say they should keep it in the US, how is that different from what he did? Think before you speak.

    • Iris

      August 8, 2014 at 10:45 am

      At this point I’d rather see it go to any country but Nigeria. That is how low we have fallen. In the States no one person can take that money and use it for himself or herself. There’ll be a snitch and there’ll be bi-partisan bad belle and the story will come out – not the same here. They should use it to research a cure for ebola sef.

  15. Maxime

    August 8, 2014 at 9:44 am

    Abacha chopped money as if he would never die. When I hear his children singing his praises despite the way millions of Nigerians suffered while their evil father and his cronies were stealing out money… well, I don’t blame them really. Maybe they were raised with that attitude of callousness and self-entitlement. If only our leaders would take this recovered money and do something reasonable with it – save our roads, hospitals, schools. But the sad thing is that if our leaders get their hands on this loot, it will not reach those that need it the most.

  16. Aragon

    August 8, 2014 at 10:20 am

    Awusa/Fulani!!

  17. Fume

    August 8, 2014 at 10:35 am

    Of course US will win the battle, its a pity our people will never learn. i hear his son is coming out for elections, anyway that’s the country we live in.

  18. Anon

    August 8, 2014 at 10:53 am

    What I keep thinking is that if he stole this much, what of his successors?

    Abdulsalami Abubakar; they said he cleared the treasury but because he handed over to a democracy, posterity is judging him well. He’s also now a statesman.

    OBJ; hmm.

    UMY; probably didn’t have enough time to loot or he wasn’t that interested.

    GEJ; we will know once he leaves office.

    In Tubaba’s voice “no one holy pass.”

  19. nene

    August 8, 2014 at 2:26 pm

    they give africa aid from “our” money that they steal and keep. d’you have any idea how much of gaddafi’s money is in france? Aid ko, Aid ni.

  20. Jo!

    August 8, 2014 at 4:49 pm

    And in this same country, his son is about to contest for governor. Hmmn, There is a God

  21. jennietobbie

    August 8, 2014 at 6:35 pm

    lmaooooo.. This is hilarious. Politics…never fails!

  22. young,rich and handsome

    August 8, 2014 at 7:54 pm

    Uncle Lion fighter, di ris God ohhhhhhh.

  23. NNENNE

    August 9, 2014 at 4:27 am

    Hope the money will take care of ebola and other things!

  24. NNENNE

    August 9, 2014 at 4:27 am

    .

  25. Khaleesi

    August 9, 2014 at 9:28 pm

    Good
    they should keep it jare

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