Home News Swiss government says they have returned the $322.5m Abacha loot alongside $1.5m...

Swiss government says they have returned the $322.5m Abacha loot alongside $1.5m interest


Switzerland government has revealed that they have returned all the money late military dictator, Gen. Sani Abacha, stole alongside $1.5 million interest.

Amb. Pio Wennubst,, the Assistant Director-General and Head, Global Cooperation Department, Swiss Agency for Development and Cooperation, made this known during an interview with NAN in New York.

Wennubst stated that the money was originally $321 million but calculations with interest made it more with $322.51 million (N116.11 billion) extra sent to the Federal Government in December 2017.

Last week, FG announced that it has received $322.51 million Abacha loot from the Swiss government.

The Minister of Finance, Kemi Adeosun, via her Special Adviser, Media and Communications, Oluyinka Akintunde, confirmed the receipt of money.

We state that $322,515,931.83 (N116,105,735,458.80) was received into a Special Account in the Central Bank of Nigeria (CBN) on Dec. 18, 2017, from the Swiss government, ” Akintunde said in a statement.

Wennubst in his words said; “We returned 321 million dollars including the interests. We return all the amount, 322.5 million dollars including the interest for the time that the funds were blocked’’

“We are not talking about the condition; there was a programme on the social safety net that was developed by the Government of Nigeria and the Bank. After discussing, the only condition, set by the judiciary, not by us, was that the return of this asset should have been monitored by the World Bank and this is where we worked on’’he said

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