Abacha Loot Recovery: Switzerland returned $500m
We’ve returned $500m Abacha loot – Swiss envoy
Abacha Loot Recovery – Switzerland is said to have returned 500 million dollars of the Nigeria’s stolen money stashed by General Sani Abacha.
Abacha Loot Recovery: Switzerland returned $500m
Outgoing Swiss Ambassador to Nigeria, Mr Andreas Baum, stated this in a chat with the News Agency of Nigeria (NAN), on Sunday.
Abacha Image from Asset Recovery
The ambassador, who assumed duty in Nigeria in 2008 and leaves the country this month, said the funds were repatriated to Nigeria during the time of his predecessor.
The ambassador added that the Swiss authorities had institutionalised measures to safeguard its financial system from transfer of stolen wealth from Nigeria.
He disclosed that his country’s financial system had improved since the controversy surrounding Abacha loot became public knowledge.
NG Newspapers Free Email Subscription
Category: Business News in Nigeria
About the Author (Author Profile)
Isaac Success Olaoye is a Webmaster and a Blogger who lives in Lagos. He is a Guest / Co-author on Many Blogs within His Niche.Subscribe
If you enjoyed this article, subscribe to receive more just like it.
