How Buhari govt will use $311 million recovered Abacha loot — Presidency
The presidency has released the statement below on how it will apply the $311 million returned to Nigeria this week as part of recoveries of monies stolen by former dictator, Sani Abacha.
On Monday, May 4, 2020, some $311 million US Dollars – stolen from the citizens of Nigeria during the Abacha regime – were safely returned to our country from the United States. The receipt of these stolen monies – and the hundreds of millions more that have already been returned from the United Kingdom and Switzerland – are an opportunity for the development of our nation, made far harder for those decades the country was robbed of these funds.
For years many countries deemed successive Nigerian administrations as too corrupt, too venal and too likely to squander and re-steal the stolen monies – so they did not return the funds.
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