The President, Major General Muhammadu Buhari (retd.), has said close to $1bn was “stolen under a previous, undemocratic junta in the 1990s.”
Buhari, in an article published in Newsweek, a United States-based magazine, expressed appreciation to the “friendly nations” that returned the stolen funds.
Though the President did not mention Abacha by name, it was apparent he was referring to the deceased dictator.
Saturday PUNCH reports that, three weeks ago, Nigeria received $311m in repatriated Abacha loot from the United States and the Bailiwick of Jersey.
After Nigeria recovered the loot from US and Jersey, the Attorney-General of the Federation, Abubakar Malami, said the money would be used in expediting the construction of the Lagos-Ibadan expressway, Abuja-Kano road, and the Second Niger Bridge.
Previous recoveries had also been made from UK and Switzerland.
Buhari, in his article, stated that the country could move forward with road, rail and power station construction, “partly under own resources, thanks to close to $1bn of funds stolen from the people of Nigeria under a previous, undemocratic junta in the 1990s that have now been returned to our country from the US, UK and Switzerland.”
The President added, “That the friendly nations agreed to return the funds after so long is a testament to the fact that, with our governance reforms, Nigeria is rightly seen as an increasingly stable and beneficial place to transact and invest.”
Nigerian Army lied, man arrested not ESN Commander – Nnamdi Kanu
God Gave me Many Powers, I Can Enter Any House Without Opening Door – Sunday Igboho Brags (Video below)
Huge Python Dies After Swallowing Pregnant Goat in Sagamu (Video below)
Most of your church members are jobless, orphans and widows so why build a prison?” – Nana Yaa Brefo questions The Pentecost Church (Details below)
I Have No Sympathy For Single Moms or Babymamas – Reno Omokri
Robbers attempted to burgle CoS Ibrahim Gambari’s residence in Aso Rock –Presidency
COVID-19: FG returns curfew, restriction on mass gatherings
Eid-el-Fitri: FG declares Wednesday, Thursday public holidays
- Biafra1 day ago
Yoruba Group Speaks Out Over Alleged Plot By IPOB To Attack Lagos, Says IPOB Is Not Their Problem (Details below)
- Entertainment2 days ago
Promoter announces venue for Anthony Joshua, Fury fight
- News1 day ago
“Yorubas Will Suffer Seriously If Nigeria Breaks Because They Only Produce Area Boys And Agberos”- Billionaire Okeowo (Details below)
- Entertainment2 days ago
Two Main Reasons Why You Should Save Money – Reno Omokri Advises