Nigeria to receive another $300 million Abacha loot from Switzerland

The Switzerland government has expressed its readiness to return $300 million (N59, 742, 000,000 billion) stolen from the coffers of the Nigerian treasury.

The aforementioned sum was reportedly recovered from the family of former military ruler, Sani Abacha.

Minister of Foreign Affairs, Geoffrey Onyeama made the disclosure on Monday evening.

Sani Abacha is reported to have stolen an estimated $5 billion from the country, which he stashed in several foreign accounts.

The late dictator carried out the massive looting when he served as the de facto President of Nigeria from 1993 to 1998.

In the last decade, Nigeria has received over $1 billion out of the Abacha loot from the Swiss and American governments.

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