Switzerland to return $380million Abacha's loot to Nigeria
The government of Switzerland has concluded plans to return late Abacha's loot of $380 million to
the Nigerian government.
The prosecutors said yesterday March 17, 2015 that they ordered the money seized in Luxembourg starting in 2006 & was officially confiscated last year following an agreement between Nigeria and the Abacha family under which FG dropped its case against Abacha's son, Abba Abacha.
Switzerland has previously returned to Nigeria more than $700 million that Abacha stashed in Swiss accounts. If the Swiss government makes this new cash return, it would bring the total amount of Abacha's loot returned so far to $1.080 billion.
The prosecutors said yesterday March 17, 2015 that they ordered the money seized in Luxembourg starting in 2006 & was officially confiscated last year following an agreement between Nigeria and the Abacha family under which FG dropped its case against Abacha's son, Abba Abacha.
Switzerland has previously returned to Nigeria more than $700 million that Abacha stashed in Swiss accounts. If the Swiss government makes this new cash return, it would bring the total amount of Abacha's loot returned so far to $1.080 billion.
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