Switzerland Returns $223.5M Abacha Loot +Interest

Switzerland Returns $223.5M Abacha Loot +Interest

Perhaps Swiss authorities want to state this for the records.

It has returned all monies kept in the country by former military dictator, Sani Abacha.

In fact, it returned all $322.5 million, about 116 billion naira with additional $1.5 million, about 540-million-naira interest.

Ambassador Pio Wennubst, who is Assistant Director-General and Head, Global Cooperation Department, Swiss Agency for Development and Cooperation, said this to a correspondent of the News Agency of Nigeria in New York.

According to him, the original amount was 321 million dollars.

The Federal Government had announced receipt of 322.51 million from the Swiss government as part of the looted funds recovered from the late former Head of State.

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

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Akintunde said: “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’’.

Confirming this, Wennubst 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’’.

The Swiss envoy also said that the money was returned to the Nigerian Government unconditionally.

“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”.



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