The governments of Nigeria and Switzerland have begun talks on how to return the looted funds confiscated from the Abacha family.
Sani Abacha
Authorities in Switzerland are in talks to arrange the return to Nigeria of $300 million confiscated from the family of former military ruler, Sani Abacha.
This was revealed by the Minister of Foreign Affairs, Geoffrey Onyeama who said $700 million had already been repatriated from Switzerland, adding that he met Swiss representatives last week for further talks.
“They have also now recovered, in the same context, another $300 million of which there is ongoing discussion to have that repatriated as well,” Reuters quoted the minister as saying to journalists on Monday.
The corruption watchdog, Transparency International has accused Abacha of stealing up to $5 billion of public money during his five years regime in Nigeria.