Switzerland Government To Transfer A Further $300 Million In Abacha Loot To Nigeria

On Monday, Foreign Minister Geoffrey Onyeama announced that the government of Switzerland would transfer a further $300 million in recovered loot from the family of former dictator Sani Abacha.

The funds are part of an estimated $5 billion which was stolen and then funneled into various foreign accounts by the military dictator.  

It will be recalled that in December 2015 SaharaReporters published several stories concerning former Finance Minister Ngozi Okonjo-Iweala’s authorization of a diversion of $300 million, taken from the loot recovered from Mr. Abacha, to the Office of the former National Security Advisor (NSA) Colonel Sambo Dasuki a few weeks before the 2015 Presidential elections.

Subsequent reports published by SaharaReporters indicated that the funds were used for a last minute media campaign for former President Goodluck Jonathan.  Since December, the scandal has taken on the name of “Dasukigate” and has led to the indictment of several high profile figures including the spokesman for the Peoples Democratic Party (PDP), Olisa Metuh, and media mogul Raymond Dokpesi.


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