Abacha’s Loot Is The Gift That Keeps On Giving As FG Recovers $750m

Former Nigerian head of state General Sani Abacha is unarguably one of Nigeria’s most unforgettable leaders. He has achieved the rare feat of arguably becoming even more popular in death.

Once again, the ‘Abacha loot’, vast sums of a money that the former leader squared away in foreign accounts is at the center stage.

If you thought the $300 million recovered by the Federal Government a month ago was the end of the largesse, you have another think coming.
The Nigerian Attorney General and Minister of Justice, Abubakar Malami, revealed that Nigeria will receive $750 million from the famous Abacha loot.

To put it in context, the amount comes to N150 trillion, about 25 times the size of Nigeria’s proposed 2016 budget!

The sum of £6.9 million looted by James Ibori is also to be recovered by the Federal Government.

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