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World Bank delaying return of $321m Abacha loot — Switzerland

By Paris - 915 days ago


The repatriation of the $321m looted by late Gen. Sani Abacha may not be done anytime soon as the Swiss government says the World Bank has to finalise the projects to be executed with the money by the Federal Government.

The Swiss government explained that a bilateral agreement for the restitution of the money would then be signed afterwards, which would form the basis for the transfer of the money.

The Deputy Head of Mission, Swiss embassy in Nigeria, Daniel Cavegn, said this in an email to inquiries from our correspondent about the time frame for the repatriation of the money. Read more http://punchng.com/world-bank-delaying-return-321m-abacha-loot-switzerland/


Source: Punch
  • 915 days ago
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