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.
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.
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Category: Business News in Nigeria