Connect with us

top stories

Abacha loot: FG confirms recovery of $322.51m from Switzerland

Published

on

Kemi Adeosun

The Federal Government says it has received 322.51 million dollars from the Swiss Government as part of looted funds recovered from former Head of State, late General Sani Abacha.

Mr Oluyinka Akintunde, the Special Adviser, Media and Communications to the Minister of Finance, said this in a statement on Tuesday in Abuja.

According to Akintunde, the government received the money since Dec., 2017.

Akintunde said there was no controversy surrounding the recovery of stolen funds by the former head of state from the Swiss Government.

“The minister wishes to dissociate herself and the Federal Ministry of Finance from recent reports on the Abacha refunds.

“The minister had at no time written any letter to the President or any member of the Federal Executive Council (FEC) on the payment of lawyers for the Abacha recovery.

“She also refutes the flawed reports of controversy surrounding the Abacha recovery.

“We wish to state that the sum of 322,515,931.83 dollars was received into a Special Account in the Central Bank of Nigeria (CBN) on Dec. 18, 2017 from the Swiss Government.

“For the avoidance of doubt, there is no controversy concerning the recovery of the Abacha monies from the Swiss Government,” he said.

Akintunde said the Minister of Finance, Mrs Kemi Adeosun, frowned at a recent report that she objected to the payment of 16.9 million dollars to two lawyers who recovered the Abacha funds.

It may be recalled that in 1999, the Nigerian Government hired Mr Enrico Monfrini, a Swiss lawyer to recover the Abacha loot.

After a successful negotiation by Monfrini, the recovered money was domiciled with the Attorney-General of Switzerland pending the signing of an MoU with Nigeria to avoid the issues of accountability that trailed previous recoveries.

All that was left after the signing of the MoU was a government-to-government communication for the money to be repatriated to Nigeria.

However, Abubakar Malami, the Minister of Justice and Attorney-General of the Federation, later engaged the services of another set of lawyers in 2016 for a fee of about N6 billion (16.9 million dollars).

The two Nigerian lawyers are Mr Oladipo Okpeseyi, a senior advocate of Nigeria (SAN), and Temitope Adebayo.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest News

top stories2 hours ago

2019: Kwara North monarchs insist on producing next governor

Foremost traditional rulers in Kwara State have maintained their stance on the need for political parties to adopt principles that...

news1 day ago

Read outcome of Osun guber polls

The Independent National Electoral Commission (INEC) has declared the Osun State governorship election inconclusive. The reason for the cancellation, according...

news1 day ago

Adeleke leads Oyetola, more results awaiting

The governorship candidate of the Peoples Democratic Party in Osun State, Senator Ademola Adeleke, is leading the candidate of the...

Politics1 day ago

Tinubu refuses to endorse Ambode, insists on direct primaries

The national leader of All Progressives Congress (APC) Bola Ahmed Tinubu and members of the Lagos chapter of the Governor’s...

news1 day ago

Buhari’s minister, Shittu says he couldn’t afford N22.5m for APC forms, speaks on NYSC

The Minister of Communications, Barrister Adebayo Shittu on Saturday declared that contrary to insinuation that he was rich as a...

news1 day ago

2019: David Mark can unite Nigeria – Jonathan

Former president, Goodluck Jonathan has stated that only a man with the strength of character and clear conscience like Senator...

news2 days ago

Bolaji Abdullahi grieves over Bamigboye’s death

The Peoples Democratic Party(PDP) Gubernatorial Aspirant Mallam Bolaji Abdullahi has described the death of the First Military Governor of Kwara...

Politics2 days ago

Osun Decides: Why I will win in landslide – Ademola Adeleke

. The standard bearer of the Peoples Democratic Party in the ongoing Osun election, Senator Ademola Adeleke, has boasted that...

news2 days ago

Boko Haram: Army reveals plan to end insurgency

The Theatre Commander, Operation Lafiya Dole, Major General Abba Dikko, has charged troops to redouble their efforts in the fight...

top stories2 days ago

Osun election: What APC candidate Oyetola said after voting

Alhaji Gboyega Oyetola, the governorship candidate of the All Progressives Congress (APC) in Saturday’s governorship election in Osun State, has...

Advertisement

Trending

Copyright © 2018 Royal News.

%d bloggers like this: