Wednesday, March 18, 2015

Switzerland to return Sani Abacha 'loot' to Nigeria

Switzerland will return to Nigeria some $380m (£260m) allegedly looted by ex-military ruler Sani Abach and his family.
The transfer, to be conducted under the supervision of the World Bank, will end a 16-year case against the Abacha family.
Switzerland has already returned $700m, following appeals from Nigeria.
Abacha ruled the oil-rich Nigeria state with an iron fist from 1993 until his death in 1998.
Soon thereafter, Nigeria's new rulers asked Switzerland to help it recover $2.2bn that he had reportedly stashed in European bank accounts.


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