Friday, 29 July 2016

Switzerland to return Abacha's loot of about $321 to Nigeria

Abacha

When Maryam Abacha, wife of former Military Dictator, Late General Sani Abacha told newsmen some years ago that no matter how much the Nigerian government recovers from their loot, She can never be as poor as Alhaji Dangote, who happens to be the richest black man in the world, most people wondered if such comment was a mere media noise.

But as time progresses, it is becoming obvious that such statement was not just like one of those empty noise some persons make in the media to attract attention, but a serious one that was actually meant by the Abacha’s family, even though, it is a known fact that Dangote is not poor.

More so, the recent agreement signed by Switzerland and Nigeria concerning the repatriation of $321 million which is a fragment of the money looted and domiciled in Swiss bank by the late maximum dictator can attest to that.

In the past, the Swiss government had sent back $722m to the Nigeria government in 2005.

According to the Abassador, the MoU will help remove all the legal bottlenecks in the fund repatriation.

This was made know by the envoy during the signing of MoU on Mutual Legal Assistance on criminal matters, between the Swiss government and the Federal Government in Abuja.

Mayoraz noted that Friday’s event is significant in the sense that it would eradicate every bottlenecks associated with the repatriation of stolen funds kept in his country.

He further stated that “Our countries enjoy excellent relations and we cooperate as partners in many fields, particularly on the return of looted assets, migration, human rights, humanitarian assistance and many others.


“Today, we decide to take this cooperation forward to deepen it in the field of judicial cooperation. By signing a Memorandum of Understanding in this important area, our two states further strengthen their ties of friendship and cooperation.” 

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