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Nigeria: Switzerland returning $380 million stolen by former dictator Abacha.

AFRICA SECURITY NEWS.-Switzerland will return to Nigeria some $380 million (about N76 billion) linked to ex-dictator Sani Abacha to Nigeria, Geneva’s public prosecutor said Tuesday, adding that it was closing a 16-year case on the funds.

AFRICA SECURITY NEWS.-Switzerland will return to Nigeria some $380 million (about N76 billion) linked to ex-dictator Sani Abacha to Nigeria, Geneva’s public prosecutor said Tuesday, adding that it was closing a 16-year case on the funds.

The $380 million siphoned off by the family of Nigeria’s former dictator Sani Abacha, and confiscated by Switzerland, will be returned to Nigeria. The Geneva file on the affair, ongoing since 1999, will be closed.
The move follows a deal by Nigeria and the Abacha family according to a statement on Tuesday by the Geneva public prosecutor’s office. Nigeria has long been chasing funds taken by the Abacha clan while Sani Abacha was in power from 1994-1998.

Overall, the Abacha clan is thought to have diverted a total of about $5 billion (CHF5 billion) from the Nigerian treasury. Much of it ended up abroad. READ ARTICLE HERE