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Abacha's Loot: 480million to Be return, U.S Government said

The U.S has taken control of $480million that's component of cash stolen through ex- military dictator Gen.
Sani Abacha, after having a court docket judgment in D.C Wednesday August 6th. U.S Department of Justice will now give this thieved cash to help Nigerian authorities, U.S authorities spokesman explained recently.
In line with court papers, Late Gen. Abacha, his child Mohammed Sani Abacha, his associate Abubakar Atiku Bagudu among others embezzled, misappropriated, extorted cash on the Nigerian authorities and stashed them in several banks throughout the world.
During investigations, $303 million was found in two bank accounts operated by Abacha and his cronies in the British offshore center of Jersey while $144 million was also found in 2 bank accounts they operated inFrance.
They also operated three accounts in the UK and Ireland which had at least $27m. Investigations are still being carried out on claims to another $148 million in four investment portfolios in the UK.
Prosecutors say they laundered funds by buying bonds backed by the United States using U.S. financial institutions including banks such as the Deutsche Bank AG, HSBC Holding Plc and Banque SBA.
Assistant Attorney General, Leslie Caldwell said in the statement “Rather than serve his county, General Abacha used his public office in Nigeria to loot millions of dollars, engaging in brazen acts of kleptocracy".
In June 2014, after a 16 year court battle, Nigeria was able to recover $228 million stolen by Abacha and his associates and deposited in Liechtenstein.

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