FG, Signs Pact With Swiss Govt for Repatriation of $321million Abacha Loot

The Federal Government has signed a pact with the Swiss government to return $321 million carted out of Nigeria by the late Gen. Sani Abacha.

Vice President Yemi Osinbajo spoke on Tuesday, March 9, at the Presidential Villa, Abuja, during a meeting with a Swiss delegation, led by the country’s Federal Councillor and Head of its Foreign Affairs Department, Mr. Didier Burkhalter and the Swiss Ambassador to Nigeria, Mr. Eric Mayoruz.

In a statement by the Senior Special Assistant on Media and Publicity, Laolu Akande, Osinbajo said a framework was being developed on how the money would be managed.

“The framework will guarantee that returned assets will be used for the people.”

Attorney-General of the Federation and Justice Minister Mr. Abubakar Malami signed an agreement described as a “Letter of Intent” with the Swiss government on the restitution of illegally-acquired assets forfeited in Switzerland.

Mr. Burkhalter signed for the Swiss government.

Under the agreement, the Swiss government will award to Nigeria $321 million “of funds illicitly acquired by the Abacha family.