Switzerland to transfer $300 million Abacha loot

Switzerland to transfer $300 million Abacha loot
January 12 00:03 2016

[T]he government of Switzerland is set to transfer to the Nigerian government, another $300 million recovered from the family of former military ruler, Sani Abacha, foreign minister.

The Minister of Foreign Affairs, Geoffrey Onyeama, announced this Monday.

The money is part of an estimated $5 billion stolen and stashed in foreign accounts by the late dictator.

Nigeria has in the last 10 years received over $1 billion from the Swiss and American governments, but the application of the fund has been shrouded in secrecy.