Switzerland to return $380m of Abacha’s Loot to Nigeria
Switzerland is set to return $380m allegedly looted by ex-military ruler Sani Abacha, to Nigeria.
The transfer will reportedly be supervised by the World Bank, in an attempt to curb mismanagement of the funds.
General Sani Abacha ruled Nigeria from 1993 until his death in 1998 and had before his death, reportedly stashed $2.2bn in European bank accounts. Switzerland has since returned $700m, following appeals from Nigeria.
The Geneva prosecutor’s office, on Tuesday, in a statement, said that the $380m was seized in 2006 in Luxembourg, following a request from Swiss authorities.
