- Date Caught: 2000
- Trade/Profession: President
- State: Abuja (FCT)
- Listed: April 13, 2014 5:49 am
- Expires: 998737 days, 7 hours
Nigeria tracks Abacha’s loot -BBC
Nigeria has asked Liechtenstein for help in recovering part of the £3bn it believes was embezzled by the late dictator Sani Abacha, and hidden in the principality.
Several bank accounts opened in Liechtenstein by Abacha and his entourage are suspected by the Nigerian government to contain £100m in stolen funds. Read more.
Swiss return stolen money
March 2, 2005
In a landmark decision, the Swiss Supreme Court has decided to free the bulk of the assets of the late Nigerian President Sani Abacha that were secured and blocked in Switzerland. This decision opens the way for the Swiss government to immediately return more than $450 million to Nigeria. Finding that these funds are of obvious criminal origin, they can now be handed back against the will of Mr. Abacha’s family and even without a Nigerian court decision. Read more.
UPDATE: FG uncovers fresh N3.2tr Abacha loot
April 13, 2013
Billions of dollars stashed away in foreign bank accounts by the late military dictator, Gen. Sani Abacha, may far exceed the already established $5 billion, as a Special Investigation Panel (SIP), tracing what has now become ‘Abacha loot,’ has stumbled on fresh clues indicating that the stolen funds still trapped in offshore accounts stand at over N3.2 trillion.
A competent source close to the panel, whose office is in the presidency told Saturday Sun that about four different meetings between the SIP team headed by a retired senior military officer and a Switzerland-based lawyer, Enrico Monfrini, hired by the Federal Government to assist in the recovery of the Abacha loot in foreign jurisdictions, had taken place outside the country in the last eight months. Read more.
UPDATE: US Freezes $458 Million Of Abacha, Jonathan’s Mentor’s Assets
Mar. 5, 2014
The Department of Justice has frozen more than $458 million in corruption proceeds hidden in bank accounts around the world by former Nigerian dictator Sani Abacha and conspirators. A civil forfeiture complaint unsealed today in the United States District Court in the District of Columbia seeks recovery of more than $550 million in connection with the largest kleptocracy forfeiture action brought in the department’s history.
The restraint of funds announced today includes approximately $313 million in two bank accounts in the Bailiwick of Jersey and $145 million in two bank accounts in France. In addition, four investment portfolios and three bank accounts in the United Kingdom with an expected value of at least $100 million have also been restrained, but the exact amounts in the accounts will be determined at a later date. Read more.
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