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Home Global Watch Africa

Nigeria recovers millions stolen by former ruler Abacha

NP admin by NP admin
May 5, 2020
in Africa, News
Reading Time: 1 min read
0
Nigeria recovers millions stolen by former ruler Abacha

Nigeria has received more than $300m (£241m) that were stolen by the former military ruler, Sani Abacha.

The money was returned from the US and the British dependency of Jersey.

Under a repatriation agreement it is to be spent on infrastructure projects.

Gen Abacha ruled Nigeria from 1993 until his death in 1998.

The anti-corruption agency Transparency International estimates he stole as much as $5bn during his time in office.

Switzerland is believed to have returned around $1bn over the last decade.

Source: BBC

Tags: funds recoveredmillions recoveredNigerianigeria stolen moneysani abachastate moneystolen funds
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