Today, Nigeria and Switzerland signed a Memorandum of Understanding (MoU) on the repatriation of $321 million stashed in the country’s banks by the late Gen. Sani Abacha. The pact also seeks to block accounts linked to stolen funds.
The Swiss Ambassador to Nigeria, Eric Mayoraz, noted that the MoU, will help remove all the legal bottlenecks in the fund repatriation. Switzerland also repatriated $722m to Nigeria in 2005, so this is the 2nd batch of the Abacha loot.
Tagged with: Abacha Loot
“He may be a son of a bitch, but he’s our son of a bitch.” U.S. President Franklin Delano Roosevelt (FDR). This is the single unbroken rule of Western engagement with African leadership. This principle applies as much to African heads of state as it does to the powers that back them. Steal for the West, and you become an “astute politician.” Steal from them, or worse, steal for your country, and you become a monster in need of removal. ...
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