Tag: Abacha Loot

‘How AGF Malami allegedly covered-up $370m Abacha repatriated loot’ – Report

Aminu Imam
AGF Malami

A report has revealed official correspondences between the now-dissolved Special Presidential Investigation Panel, (SPIP), headed by Okoi Obono-Obla, and the United Kingdom (UK) from December 2018, have confirm the repatriation of $370 million, part of the loot linked to former Head of State, Sani Abacha, to Nigeria. However, the report alleged that the immediate-past Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), has not provided clear details regarding the $370 million Abacha loot repatriated from the UK in December 2018. The report, which was published yesterday…

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Budget Minister Atiku Bagudu moves to block France from repatriating $150 million Abacha loot

Aminu Imam

…Allegedly demands $30m cut Budget and Planning Minister Atiku Bagudu, has activated steps to block France from repatriating $150 million in plundered funds linked to the infamous Sani Abacha loot, allegedly saying he had an interest in the tranche and would only back down if paid $30 million.  Recall that since 1999, Bagudu has worked against Nigeria during efforts by previous administrations to recovered some of the vast loot, estimated to be worth more than $8 billion with its backing documents strewn across Western jurisdictions, but this is the first…

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$5billion Abacha Loot: Court opens can of worms

Aminu Imam

…FG in dilemma on probe of previous public officers Recent judgment ordering disclosure of spending details of about $5 billion Sani Abacha loot by the governments of former presidents Olusegun Obasanjo, Umaru Yar’Adua, Goodluck Jonathan and Muhammadu Buhari, may have left the Federal Government in a dilemma. It has not been the tradition since 1999 for presidents to investigate or probe their predecessors. But the court judgment leaves the Government with little options. Whichever way the government chooses to go, the development is bound to go down in history as…

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Court orders Obasanjo, Yar’Adua, Jonathan, Buhari govts. to account for $5bn Abacha loot

Aminu Imam

Justice Kolawole Omotosho, of the Federal High Court sitting in Abuja, has ordered the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan and Muhammadu Buhari to give an account of the $5 billion Abacha loot so far recovered. In a judgment delivered last week, in a Freedom of Information suit filed by the Socio-Economic Rights and Accountability Project (SERAP), the court ordered the government of President Bola Tinubu to “disclose the exact amount of money stolen by General Sani Abacha from Nigeria, and the total amount of…

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FG, US sign agreement on return of over $23m Abacha loot

Aminu Imam

The Federal Government and the United States (US) government have reached an agreement on the return of over $23 million of the Late General Sani Abacha loot. The agreement, which is on the sharing, transfer, repatriation, disposition and management of the said asset, was held in the office of the Minister of Justice and Attorney-General of the Federation, (AGF), Abubakar Malami, (SAN), yesterday. It involves the management of some forfeited assets in relation to MECOSTA/Sani Mohammed Asset, known as Abacha V. Malami signed on behalf of the Nigerian government and…

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Exposed! Name of Nigerian Gov. who helped Abacha loot $23 million recently recovered by UK Govt.

Aminu Imam

A new published report by an online media platform, yesterday, has exposed the people who helped a former Nigerian dictator, Sani Abacha steal $23 million recently recovered by the National Crime Agency, (NCA), of the United Kingdom (UK). The millions of dollars was forfeited by the Late Abacha’s son, Mohammed, and an offshore company Mecosta Securities Inc, according to the British agency. According to the report, further investigation, based on the NCA’s exclusive disclosure and analysis of leaked financial records and court documents, shows that Mecosta’s account in London, from…

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$322.5m Abacha Loot: Anti-corruption watchdog expresses concern over stoppage of cash disbursement to Nigerians

Aminu Imam

An anti-corruption watchdog, Africa Network for Environment and Economic Justice, (ANEEJ), has expressed concern over the stoppage of cash disbursement to Nigerians from the repatriated $322.5 million Abacha loot from Switzerland. The ANEEJ Executive Director, and Convener of Civil Society Organisations (CSOs) monitoring the disbursement of the returned asset, Rev. David Ugolor, made the assertion in an issued statement, where he pointed out that the disbursement stopped since June 2021. He called on President Buhari to remember the Memorandum of Understanding (MoU) the Federal Government and Switzerland Government signed at…

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Ireland, Nigeria agree on return of €5.5m Abacha loot

Ishaku Yohanna

The federal government is set to receive part of late General Sani Abacha loots as Ireland said it has reached an agreement with Nigeria to return the late military leader’s frozen funds. Abacha, who ruled Nigeria between 1993 and 1998, misappropriated and diverted over $1 billion (N383.4billion) loots to different countries across the world. Helen McEntee, Ireland Minister of Justice and Equality, said the memorandum of understanding followed an order recently issued by a court in the European country regarding the funds. The Ireland Criminal Assets Bureau froze the loot…

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