Federal Government recovers N5.5bn Abacha loot

THE Attorney General of the Federation (AGF) and Minister of Justice, Mohammed Bello  Adoke SAN on Thursday disclosed that the Federal Government has recovered over N5.5 billion  Abacha loot and that negotiation is almost completed to recover another N36.7 billion from two of his associates.  Speaking during the 2013 ministerial platform held in Abuja, Adoke said that the Ministry of Justice had maintained an effective liaison and communication with targeted jurisdictions to keep pace with asset recovery proceedings in those jurisdictions.

He added that the close liaison and negotiation with the Island of Jersey led to the recovery and repatriation of the sum of UK £22.5 million confiscated by the Royal Court of Jersey from Raj Arjandes Bhojwani, an Indian national and associate of General Sani Abacha, on account of his money laundering transactions from Nigeria.

He further stated that there is continued liaison and negotiation with the Principality of Liechtenstein which recently confisticated the sum of EUR 175 million from the Abacha family and associated companies in Liechtenstein following a confiscation order by the Supreme Court of Liechtenstein. – http://tribune.com.ng/news2013/en/news/item/15419-fg-recovers-n5-5bn-abacha-loot.html

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