The late dictator reportedly stole an estimated $5 billion, which he stashed in foreign accounts.
Foreign Affairs Minister, Geoffrey Onyeama , has announced that The government of Switzerland is prepared to transfer to the Nigerian government, another $300 million recovered from the family of former military ruler, Sani Abacha.
The late dictator reportedly stole an estimated $5 billion, which he stashed in foreign accounts.
Over the last 10 years, Nigeria has received over $1 billion from the Swiss and American governments. Recent reports however show that the Goodluck Jonathan administration may have misappropriated the funds.
According to Premium Times , shortly before the 2015 Presidential election, the former Minister of Finance, Ngozi Okonjo-Iweala , authorised the diversion of at least N61.4 billion ($300 million and £5.5 million) from funds recovered from Mr. Abacha, to the Office of the National Security Adviser, Sambo Dasuki .
Okonjo-Iweala said the money was meant for purchase of military equipment for the fight against Boko Haram.
It is believed that the money is part of the $2.1 billion distributed by Dasuki to politicians ahead of the polls
Source Pulse.ng
Posted by tboixy
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