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Author: Watchtower
Views: 109
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Over One Billion Dollars of Abacha’s Loot Returned To Nigeria – Switzerland

Watchtower

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[Image: 4F602597-18DA-46FA-8865-49AC7BA6B937.jpeg]

Switzerland has repatriated over $1billion Abacha loot to Nigeria, its Ambassador Eric Mayoraz aid yesterday in Abuja.

He added that his country is collaborating with the federal government to trace and repatriate looted funds stashed in foreign lands.

Mayoraz said: “All fund hidden in Swiss banks by Abacha was fully repatriated and so we don’t have any of such fund in Switzerland again. $752m was returned in 2005 and we discovered more and more in other banks and that involved the $322.5m that was repatriated earlier this year.”

He spoke at the Forum on Asset Recovery hosted by the Swiss Embassy to discuss issues surrounding the Abacha 2 asset recovery between the two countries with many non-governmental organisations and representatives of international agencies in attendance.

Although the envoy declined to reveal details of the funds that would likely be repatriated back to Nigeria, he explained that the ongoing efforts are geared towards getting a positive result in line with the Mutual Legal Persistence Request agreement signed between the two countries.

Source: http://nepabox.com/story/one-billion-dol...itzerland/