LOOT MONEY REFUNDs: Nigeria Got Back N142 Billion Abacha Looted Money to Switzerland.

     The Swiss government says it has so far returned $723 million (about N142.43 billion) of stolen funds seized from the family of the late former head of state, Sanni Abacha, to the Nigerian government over the last 10 years.
      
   
        Back in January, Nigeria’s Minister of Foreign Affairs, Geoffrey Onyeama said the Federal government is in talks with the Swiss government for the...
release of another $300 million loot stashed by the former military ruler in some Swiss banks.

       The amount excludes $321million (about N63.24 billion) which the Swiss authorities recently said recently it was planning to repatriate to Nigeria.

       It is estimated that about $5 billion was stolen and stashed in foreign accounts by the late dictator.

      The agreement, titled “Letter of Intent on the restitution of illegally-acquired assets forfeited in Switzerland,” was signed by Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami, and the Swiss Head of Foreign Affairs Department, Didier Burkhalter.

      These details are contained in the agreement signed on March 8, 2016 in Abuja by representatives of the Swiss Federal Council and the Nigerian government.

     The document, reveals that $321 million acquired illicitly by the Abacha family, was initially deposited in Luxemburg before being confiscated by the Swiss Republic Judiciary and Canton of Geneva following a December 11, 2014 forfeiture order.