Fidelity bank banner UBA banner
$321 million Abacha loot missing

By News Express on 06/04/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,895

•Swiss Ambassador to Nigeria, Eric Mayoraz
•Swiss Ambassador to Nigeria, Eric Mayoraz

A princely $321 million loot by late Head of State Sani Abacha which the Switzerland Government insists it has returned to the Nigerian Government cannot be traced.


The Lagos-based Daily Sun, which tried to trace the money, reported: “While the Swiss Ambassador to Nigeria, Chad, Niger and the Economic Community of West African States, Eric Mayoraz, said his government has returned the money, the Minister of Finance, Kemi Adeosun, said the Muhammadu Buhari-led government has no information about the return of the said $321 million by the Government of Switzerland.” 

The paper quoted the ambassador, who spoke exclusively with it in Abuja, as insisting that the money has been deposited in the Nigerian account with the Bank for International Settlements in Basel, Switzerland. 

He directed the reporter to find out from the Minister of Finance, Adeosun, where the money actually is. 

“The money has been put on a bank account of Nigeria at the Bank for International Settlements in Basel, but it belongs to Nigeria. And now, it is in the process of being put on the national bank account here in Nigeria.

“But you should ask the Minister of Finance where the money actually is because it is not anymore in Swiss hands, it is in Nigerian hands since the beginning of this year,” the paper quoted Mayoraz as saying.

But Adeosun who spoke through her Special Adviser on Media, Oluyinka Akintunde, reportedly told the Sun that she had no knowledge of the return of the money recovered from the late former military head of state, Gen. Sani Abacha.

“I don’t have any information with respect to the return of $321m Abacha loot by Switzerland,” she told the paper.



Source News Express

Posted 06/04/2018 9:27 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
‘Holy’ Buhari and ‘ministers of saints’ heaven refused...

Shi’ites protest in Zaria, demand corpses of dead...

Windstorm: Ihiala sends SOS to Anambra Government

BoI, Ebonyi roll out N4bn agric fund for...

Pop superstar Prince dies suddenly at 57

DSS seals Reps Appropriation Committee Secretariat over budget...

Buhari lists conditions for appointment as ministers

Fraud charges: Tompolo begins fasting, prayers for divine...

Okowa forwards 12 commissioners' names for approval

Dokubo giving Amnesty programme strategic direction — NIPSS...

APC launches counter-offensive •Says PDP ‘a Christian party’...

Action and reaction


Latest News Boko Haram kills another abducted Red Cross worker, threatens to enslave Leah Sharibu Microsoft co-founder succumbs to cancer Presidency reportedly orders EFCC to detain Fayose indefinitely Kano lawmakers probe alleged bribery by Governor Ganduje How I’ll deliver one million votes for Governor Emmanuel’s second term — Elijah Ifot, Akwa Ibom leader in Lagos 2019: NEFAD endorses Atiku, Umahi 2019 Presidency: Igbo Ekunie berates Southeast PDP for position on Atiku’s choice of Peter Obi as running mate Police summons PDP guber candidate over alleged murder 2019 elections: INEC insists Zamfara APC has no candidate Adeleke to be docked 31 October for exam fraud ASUU splits in two over attack on vice-chancellor of FUOYE Atiku can get our economy working again — Spokesman


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (406,535 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,234 views) Shameless Genevieve Nnaji exposes breasts in public (314,580 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (256,588 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,275 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,225 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (203,969 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,465 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,011 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (165,828 views) Lagos plane crash: Journalist releases victims’ names (161,395 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,215 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,680) Business Verdict (52) Columnists (945) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (659) Global Business Monitor (304) International (2,530) Interview (165) Live Commentary (28) Love Matters (145) News (39,629) Opinion (1,123) Pidgin (13) Politics (7,230) Religion (880) Sports (1,730) Stock Watch (35) AMA & Al Jazeera Global Update


Zenith Zero Balance

NLNG Expression of Interest banner

CBN banner

Firstmobile banner




Fulham vs Arsenal 1-5 All Goals & Extended Highlights


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera