People used by Abacha to siphon Nigeria Money

The more than two decades international hunt for Nigeria’s billions stolen and stashed in various banks across the world by late dictator Sani Abacha and his family and associates yielded its latest result in early May: $23.5 million recovered by the UK’s National Crime Agency.

The latest recovery triggered fresh concerns about the plunder of Nigeria by the Abacha family and associates. Using court documents, leaked financial records, and our past reports, PREMIUM TIMES now reports how several persons worked in various roles to systematically plunder Nigeria under the Abacha kleptocracy between 1993 and 1998.

Transparency International estimates that Mr Abacha, in conspiracy with his cronies, stole up to $5 billion.

The U.S. court documents seen by PREMIUM TIMES said the conspirators systematically “embezzled, misappropriated, defrauded, and extorted hundreds of millions of dollars from the government of Nigeria and others, through three fraudulent schemes.”

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