In the last 10 years we have returned $723m Abacha loot- Swiss govt says

Wednesday March 16, 2016

The Swiss government says it has so far returned $723 million (about N142.43 billion) of the Abacha loot to the Nigerian government over the last 10 years. According to Premium Times, the Swiss government made this known in a memorandum of understanding it signed with the Nigerian government on March 8th.

The repatriated funds is excluding the $321million (about N63.24 billion) which the Swiss authorities will be repatriated to Nigeria soon. The agreement, titled “Letter of Intent on the restitution of illegally-acquired assets forfeited in Switzerland,” was signed by Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami, and the Swiss Head of Foreign Affairs Department, Didier Burkhalter.