The Nation Newspaper Abacha loot and Tinubu’s agenda
It is striking that the so-called Abacha loot is still changing hands, 25 years after the death of the infamousThe Minister of Europe and Foreign Affairs of France, Catherine Colonna, during a recent visit to Nigeria, said she had “informed President Tinubu that in response to the request submitted by the Nigerian Federal Ministry of Justice, and in agreement with the US Administration, France will return to Nigeria the assets stolen from the Nigerian people by General Sani Abacha and his...
In August 2022, the Federal Government under President Muhammadu Buhari signed an agreement with the American government for the repatriation of $23.4m to the country. At the time, the then Attorney-General of the Federation and Minister of Justice, Abubakar Malami, who tagged the money “Abacha 5,” said the agreement resulted from negotiations and meetings between Nigeria, the US Department of Justice and the UK National Crime Agency.
This arrangement mocked Nigeria. It suggested that Nigeria’s leaders couldn’t be trusted with the returned Nigerian loot. More tragically, the arrangement was a response to a bad record regarding the management of the initial $752m. There is no doubt that the unavailability of such a comprehensive record of how recovered looted funds were utilised, or not utilised, for development purposes over the years discredited the Buhari administration’s anti-corruption campaign.
Abacha’s evil was compounded by his kleptomania. He is believed to have stolen money to the tune of over $3 billion from the treasury. The story of his mammoth loot stashed away in banks across the globe continues 25 years after his death. He was described by a US Justice Department official as “one of the most notorious kleptocrats in memory, who embezzled billions from the people of Nigeria while millions lived in poverty.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tinubu welcomes repatriation of $150mn Abacha loot by FranceThe Nation Newspaper Tinubu welcomes repatriation of $150mn Abacha loot by France
Read more »
Foursquare GO seeks citizen engagement for nation-buildingThe Nation Newspaper Foursquare GO seeks citizen engagement for nation-building
Read more »
France to return $150m Abacha stolen assets, says French MinisterThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Read more »
France to return $150m Abacha stolen assets, says French MinisterThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Read more »
Presidency announces return of $150m Abacha loot from FranceThe presidency has said that France will return $150 million looted by former Nigerian military head of state, General Sani Abacha. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, said this in statement on Friday, adding that President Bola Tinubu commended France for decision.
Read more »
Tinubu excited as French govt returns $150m Abacha loot to NigeriaPresident Tinubu assured that the money would be judiciously applied in attaining development objectives.
Read more »