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See The Billions Nigeria Has Been Recovering From Abacha's Loots Every Year For The Past 22 Years

studio.opera.com
By studio.opera.com | self meida writer
Published 7 months ago - 1 views

Those who refer to Gen. Sani Abacha as Nigeria's most productive ancestor are not wrong after all.

With more than a trillion Naira recovered so far, Abacha loot remains a major source of revenue for the Federal Government.

According to a tweet made by @TransparencITng, The Nigeria Government has recovered the following amount of money since 1998:

1998

The then head of state, General Abdusalami Abubakar, recovered $750m from Abacha's family.

2000

The government of Switzerland returned $64m to President Olusegun Obasanjo's administration.

2002

President Olusegun Obasanjo entered a deal with Abacha's family to recover $1.2bn.

2003

$160m was recovered from Jersey in British Isles.

2003

The government of Switzerland once more, returned $88m of the entire loot under President Olusegun Obasanjo's tenure.

2005

The government of Switzerland returns $461m to Nigeria.

2006

Yet another sum of $44m from the government of Switzerland where Abacha kept most of his loot.

2014

This year, $227m was recovered from Liechtenstein during President Goodluck Jonathan's administration.

2018

Abacha's loot once more came to Nigeria's needs as $322m was returned to President Muhammadu Buhari's administration by the Swiss government.

2020

The latest batch of the loot is $308m from the United States, also during President Buhari's administration.

In all, the total figure is $3.6bn. Can you guess what the FG will use the most recent funds for?

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