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Home Business News

Federal Government Embraces Swiss Offer To Repatriate $321m Abacha Loot

Editor by Editor
March 9, 2016
in Business News
Federal Government Embraces Swiss Offer To Repatriate $321m Abacha Loot
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The Attorney-General and Minister for Justice, Abubakar Malami, SAN, has signed a “Letter of Intent” between the Federal Republic of Nigeria and the Swiss Government over the restitution of stolen wealth and assets domiciled in Switzerland. On its own part, the Head of the Foreign Affairs Department, Mr. Didier Burkhalter signed for the Swiss Government.

Earlier on, the Vice President, Prof. Yemi Osinbajo, SAN, said the Federal Government has welcomes the offer of the Swiss government to return $321m stolen funds from Nigeria under the Sanni Abacha government.

Prof. Osinbajo, made this statement 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.

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According to the VP, “We guarantee that recovered assets would be put to uses for which they have been intended,”
“Swiss has always been at the forefront of returning stolen assets and ensuring that the people of Nigeria gets the benefit.”

Tags: Professor Osinbajo
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