Monday, 25 November 2024

Abacha's $370m Loot Traced to Luxembourg

The Swiss Ambassador to Nigeria, Hans Rudolf Hodel, after meeting with the President elect, Gen. Muhammadu Buhari, has disclosed that about $370million recovered from the late maximum ruler, Gen. Sani Abacha, has been traced by the Swiss government to a Luxembourg account.

According to The Nation, Hodel the Nigerian government and the Abacha family have sought legal assistance from the Swiss government to enable them retrieve the money, pointing out that Swiss government has offered the legal assistance.

He said further that his government is directly involved since the money is not in a Swiss bank.

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