Stella Dimoko Switzerland to repatriate $321m Abacha loot


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Saturday, July 30, 2016

Switzerland to repatriate $321m Abacha loot

Nigeria and Switzerland on Friday signed a Memorandum of Understanding (MoU) on the repatriation of $321 million stashed in the European nation’s banks by the late maximum ruler, Gen. Sani Abacha.

The pact also seeks to block accounts linked to stolen funds.
This is the second batch of the stolen money linked to the late Abacha.
Switzerland also repatriated $722m to Nigeria in 2005.
The Swiss Ambassador to Nigeria, Eric Mayoraz, hinted that both countries are now in the process of repatriating the looted fund.

The MoU, he argued will help remove all the legal bottlenecks in the fund repatriation.
The envoy spoke during the signing of MoU on Mutual Legal Assistance on criminal matters, between the Swiss government and the Federal Government in Abuja.

Mayoraz noted that Friday’s event is significant in the sense that it would eradicate every bottlenecks associated with the repatriation of stolen funds kept in his country.
The ambassador, who stated that the pact is aimed at fostering understanding between the two countries as it relates to their different legal system said, “We are now in the process of repatriating $321m from the second batch of the Abacha loot.

“Our countries enjoy excellent relations and we cooperate as partners in many fields, particularly on the return of looted assets, migration, human rights, humanitarian assistance and many others.

“Today, we decide to take this cooperation forward to deepen it in the field of judicial cooperation. By signing a Memorandum of Understanding in this important area, our two states further strengthen their ties of friendship and cooperation.”

The Nation

This is really great news because Nigeria needs this money right now..The Abacha loot is childsplay compared to the looting that has gone on in recent times....Learner!


  1. Abacha - guiness record for looting. I bow down for you.

  2. Even if the U.S empty their account for Nigeria, they will still say the country is broke

  3. Even if the U.S empty their account for Nigeria, they will still say the country is broke

  4. We no go still know where the money go enter.

  5. Hopefully it won't be re-looted.

    Click my name for all your celebration cakes and cupcakes, cheers

  6. D man buhari said he didnt steal nigeria's money lol...they should use d money wisely oo

  7. How I wish that the Swiss govt refuses to give Nigeria govt the said money But use it themselves to build good hospital with well equipped machinery, fix the roads, provide Nigeria electricity, build refineries, update our schools both primary, secondary and tertiary,provide clean water and the remaining money left to pay civil servants in all the states that the governors owes!

  8. And the foolish and hypocritical Buhari still maintain that Abacha is not corrupt

    1. Bokohari is the president of corrupt bastards.

  9. Unbridled and brazen Looting!
    The northerners that has been ruling and looting this country since independence are ones actually the that destroyed this country and not GEK

  10. Nigeria needs which money now like we know what they use the ones they've been recovering for.....God helps us and bless this country too.

  11. Hmm..yet this money will be diverted aa usual. The purpose is always defeated as d impact is hardly felt felt like so many others returned to the country in d past.


    This is an insight into how much all the other presidents (civilian or military) have stolen and yet peeps are playing tribal sentiments from all parts of the exception.

    NATION OF MUMUS all over.

  13. The 💰 will enter someone account. Nija we hail thee


  14. I wish all the youth will just carry placards saying, the Senate and rep Scrapped so that they won't see the money!

  15. Mtsheeeew money wey we nor dey see...

  16. This Abacha loot should have been returned by eons ago. How come everyday it is in the process of being returned? Switzerland should make it happen NOW and stop the dogu-turanci. QED@atm

  17. This money nor dey finish? Hope it will not be re-looted sha?


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