Switzerland Returns $380 Million Sani Abacha Loots

I hope this money will be used judiciously! About $
380 million Nigerian money, stolen and stashed in
accounts in Switzerland by late Head of State, Sani
Abacha, will be returned, Swiss officials said Tuesday.
The money was confiscated in 2014 after it was
transferred to the country from Luxembourg where it
had been seized since 2006, Geneva prosecutors
said.

This followed an agreement between the Nigerian
Government and the family of the late dictator.
The money was confiscated on the ground that the
Abacha family was a criminal organisation, according
to the Swiss authorities.

The process of returning the loot to Nigeria will be
supervised by the World Bank.
With the return, Geneva prosecutors have closed
their case with the Abacha family which was opened
in 1999. Abba Abacha was the last member of the
family under investigation.