General Sani Abacha’s loot: USA To return $480million To Nigeria, The U.S has taken control of $480million which is part of money stolen by former military dictator General Sani Abacha, after a court ruling in D.C on Wednesday August 6th. The U.S Department of Justice will now hand over the stolen money to Nigerian government, U.S government spokesman said yesterday.
According to court documents, late General Abacha, his son Mohammed Sani Abacha, their associate Abubakar Atiku Bagudu and others embezzled, misappropriated, extorted money from the Nigerian government and stashed them in various banks across the world. During investigations, $303 million was found in two bank accounts operated by Abacha and his cronies in the British offshore center of Jersey while $144 million was also found in 2 bank accounts they operated inFrance. SEE MORE ON PAGE2