Latest news about abacha loot

The Abacha loot refers to the massive amount of money stolen by former Nigerian dictator Sani Abacha and his associates between 1993 and 1998. The loot is estimated to be around $5 billion to $10 billion. Here are some of the latest news updates about the Abacha loot:

  1. Return of Abacha loot to Nigeria: In 2020, the Nigerian government announced that it had recovered $322 million of the Abacha loot from the United States and Switzerland. The money was returned to Nigeria in August 2020.
  2. Investigation and prosecution: The Nigerian government has been investigating and prosecuting individuals and companies involved in the looting of the Abacha funds. In 2020, a former Nigerian governor, James Ibori, was convicted in the UK of money laundering and other offenses related to the Abacha loot.
  3. Recovery of additional funds: In 2021, the Nigerian government announced that it had recovered an additional $150 million of the Abacha loot from the United States. The money was recovered from a bank account in the US and was returned to Nigeria in February 2021.
  4. Use of recovered funds: The Nigerian government has pledged to use the recovered Abacha loot to fund development projects in the country. In 2020, the government announced plans to use the recovered funds to build roads, bridges, and other infrastructure projects.
  5. Corruption allegations: Despite the recovery of some of the Abacha loot, there are still allegations of corruption and mismanagement of the funds. In 2020, the Nigerian government was accused of misusing some of the recovered funds, with some of the money allegedly being used to fund political campaigns.
  6. International cooperation: The recovery of the Abacha loot has involved international cooperation between Nigeria and other countries, including the US, Switzerland, and the UK. In 2020, the Nigerian government signed an agreement with the US government to recover additional Abacha loot.
  7. Civil society pressure: Civil society organizations in Nigeria have been pushing for greater transparency and accountability in the management of the Abacha loot. In 2020, a coalition of civil society groups called for the establishment of a special fund to manage the recovered loot and ensure that it is used for the benefit of the Nigerian people.

Some recent news articles about the Abacha loot include:

Note: The news articles mentioned above are subject to change and may not reflect the current situation.