Another $300 Million Abacha Loot To Be Transferred to Nigeria

A whopping $300 million is set to be transferred to the Nigerian Government by Switzerland out of the recovered loot from the family of former dictator Sani Abacha.

Foreign Minister Geoffrey Onyeama of the Switzerland on Monday announced that the government of Switzerland would transfer a sum of $300 million in the recovered loot to the Nigerian Government.

The $300 millionis part of the estimated $5 billion stolen and then laundered into various foreign accounts by the military dictator.

It will be recalled that in December 2015 SaharaReporters published several stories concerning former Finance Minister Ngozi Okonjo-Iweala’s authorization of a diversion of $300 million, taken from the loot recovered from Mr. Abacha, to the Office of the former National Security Advisor (NSA) Colonel Sambo Dasuki a few weeks before the 2015 Presidential elections.

Subsequent reports published by SaharaReporters indicated that the funds were used for a last minute media campaign for former President Goodluck Jonathan.  Since December, the scandal has taken on the name of “Dasukigate” and has led to the indictment of several high profile figures including the spokesman for the Peoples Democratic Party (PDP), Olisa Metuh, and media mogul Raymond Dokpesi.