Mkpoikana Udoma Port Harcourt — The Socio-Economic Rights and Accountability Project, SERAP, has charged President Bola Tinubu to enforce the judgement…
Browsing: Abacha loot
Abuja — A Nigerian court has directed President Bola Tinubu’s government to disclose how much in stolen funds it has…
*To provide electricity to three million homes OpeOluwani Akintayo Lagos — Part of the $311 million dollars ‘Abacha loot’ repatriated…
Mkpoikana Udoma 04 July 2018, Sweetcrude, Port Harcourt — The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN,…
Wennubst said Switzerland returned about $322.5 million dollars (N116.11 billion) to the Federal government. According to him, the original amount was $321 million.
The letter read partly, “SERAP urges your new Administration to initiate discussions with the Nigerian government to fulfill these objectives within an agreed framework and timeline. Simultaneously, the Administration should instruct the Justice Department to initiate civil asset forfeiture proceedings in regard to the above-referenced $500 million in assets described above.”
Malami said that, “The amount in question cannot be said to have been blocked on account of lack of cooperation between the US and Nigeria but largely on account of bureaucratic and judicial bottlenecks.”
“America has over $400m that have been officially recovered as stolen funds from Nigeria. But America is keeping the funds, they are telling us about technicalities; they are saying we recovered doesn’t mean we can return.”
28 April 2016, Abuja — President Muhammadu Buhari has asked the World Bank to help Nigeria recover N102.4 billion ($320…
Buhari is planning to squeeze informal small traders, who make up almost half of the Gross Domestic Product, this year to boost tax revenues by 33 per cent.