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    $321m Abacha loot coming from Switzerland

    Nigeria is set to receive $321m Abacha loot from  Switzerland.
    A tripartite Memorandum of Understanding (MoU) by Nigeria, Switzerland and the World Bank, which will pave the way for the release of the cash, was signed on Monday.
    The money is part of the estimated $5billion allegedly looted by Nigeria’s former military leader, the late  Gen. Sani Abacha, who was head of state between 1993 and 1998.
    Minister of Justice and Attorney-General of the Federation (AGF) Abubakar Malami (SAN) signed the MoU on behalf of Nigeria, according to his media aide Salihu Othman Isah   in a statement yesterday.
    “The modalities for the return of the stolen funds are set out in the MoU that was signed by the three parties at the Global Forum on Asset Recovery (GFAR) currently ongoing in the United States,” he said.
    Isah added that Director of the Directorate of International Law, Ambassador Roberto Balzaretti, who led the Swiss delegation to the GFAR, signed for Switzerland.

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