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Saturday, November 19, 2022

Abacha loot: US repatriates approximately $332.4m to Nigeria



A total of $332.4 million loot traced to the former Nigerian Military leader, Gen Sani Abacha, has been repatriated to the federal government.

The latest was the return of a sum of $20.6 million loot to the Nigerian government.

DAILY POST learnt in a terse statement issued by the UN Department of Justice on Thursday.

Recall that in 2014, a judgement in the District of Columbia ordered the forfeiture of approximately $500 million; this is from more than the $625 million civil forfeiture complaint on different accounts traceable to money laundering involving Abacha, who died on June 8, 1998.

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Oil theft: Troops dismantle 37 illegal refining sites, confiscate over 130,000 stolen products in Niger Delta

Troops of the Nigerian Army have dismantled 37 illegal refining sites, arrested ten suspected oil thieves and recovered over 130,000 litres ...