Tuesday 12 January 2016

Swiss Government Set to Return Another $300million Abacha Loot - FG

Geoffrey Onyeama, Minister of Foreign Affairs, says the Federal government is working in progress with the Swiss government for the release of another $300 million Abacha loot stashed in some Swiss banks. The Minister said this while speaking at the inaugural ceremony of the 22nd regular course of Foreign Service Academy in Abuja yesterday January 11th.

In his words: “Nigeria recently recovered a huge amount of money from the government of Switzerland. I met with Switzerland representatives last week to work out the modalities for the recovering of these funds. So far Nigeria has recovered over $700 million, and there are ongoing negotiations on how that money would be applied. Discussion is also ongoing to recover another $300 million.”he said



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