Close This website uses modern features that are not supported by your browser. Click here for more information.
Please upgrade to a modern browser to view this website properly. Google Chrome Mozilla Firefox Opera Safari
your legal news hub
Sub Menu
Search

Search

Filter
Filter
Filter
A A A

Switzerland returns 'Abacha loot'

Publish date: 11 December 2017
Issue Number: 755
Diary: IBA Legalbrief Africa
Category: Corruption

The Swiss Government last week announced that it will return $320m of the funds allegedly stolen by Nigeria's late military ruler Sani Abacha. The money was frozen in 2014 by a Swiss court after a legal procedure against his son, Abba Abacha. However, BBC News reports that it is a fraction of the billions of dollars allegedly stolen during his rule from 1993 to 1998. President Muhammadu Buhari made the recovery of stolen assets a major part of his 2015 election campaign and this will be the largest yet. The report notes that the Swiss Government has previously paid $700m of the 'Abacha loot' to the Nigerian Government over the past 10 years.

Full BBC News report

We use cookies to give you a personalised experience that suits your online behaviour on our websites. Otherwise, you may click here to learn more, or learn how to block or disable cookies. Disabling cookies might cause you to experience difficulties on our website as some functionality relies on cookie information. You can change your mind at any time by visiting “Cookie Preferences”. Any personal data about you will be used as described in our Privacy Policy.