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loot
June 4, 2019
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The Late 5: UK seizes fresh £211m Abacha loot; Nigeria’s Muhammad-Bande emerges UNGA president | Other stories

Here are the stories that drove conversation today: Another £211m Abacha loot seized from bank account in Channel Island  A court has seized the sum of £211m traced to the late General Sani Abacha, which was found in a Jersey bank account on Channels Island. According to Metro UK, the late Head of State laundered money... Read More
The News Blog
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June 24, 2018
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Opinion: Abacha’s loot will be stolen again if we do not strengthen our economic structures

by Ani, Nwachukwu Agwu & Oluseun Onigbinde  Very often, it has been said that corruption is the bane of any progressive society as it stifles development, good governance,, professionalism, as well as entrepreneurship. Corruption erodes the values of hard work and honesty. Prior to the 2015 general elections, Nigerians perceived President Buhari and Prof Osinbajo... Read More
Opinion
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December 5, 2017
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Nigeria, Switzerland complete agreement over $321m Abacha loot

Nigeria has signed a memorandum of understanding with Switzerland for the return of $321 million stashed by former military ruler, Sani Abacha. Attorney-General of the Federation, Abubakar Malami sealed the agreement in Washington DC, US, on Monday afternoon at the headquarters of the World Bank Group. Background: Abacha who ruled Nigeria from November 1993 till June 1998... Read More
The News Blog
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November 28, 2017
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Anti-corruption agencies are looting recovered funds – Saraki

Senate President Bukola Saraki has said recovered proceeds of corruption are being looted by anti-corruption agencies. Saraki said this in his remarks at the ‘Strategic Retreat on Tracking the Progress of Anti-Corruption Bills in the National Assembly’ in Abuja on Tuesday. What Saraki said: Saraki said the mismanagement of recovered loots is the reason other... Read More
The News Blog
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November 20, 2017
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We are finalising efforts to recover $321m from Switzerland – FG

The Senior Special Assistant to President Muhammadu Buhari on Justice Reforms, Juliet Ibekaku on Monday said Nigeria is concluding plans with the Switzerland Government for the repatriation of the looted money – $321 million. She made the disclosure at the Conversation on Anti-corruption Campaign organised by the Centre for Democratic Development (CDD) in Abuja. Why it matters: Before... Read More
The News Blog
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November 8, 2017
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We will only return Abacha’s $300m loot if … | Jersey Island gives condition

The government of Jersey Island has said the $300m hidden by former military dictator, Gen. Sani Abacha in its territory will only be released directly to the Nigerian government. Minister and Attorney-General of Jersey Island, Robert MacRae (QC) disclosed this on Tuesday during the ongoing 7th Session of Conference of State Parties to the United Nations... Read More
The News Blog
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November 1, 2017
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FEC approves MoU with Switzerland over repatriation of $321m loot

The Federal Executive Council on Wednesday approved a Memorandum of Understanding between Nigeria and Switzerland over the repatriation of $321m stolen fund. Attorney-General of the Federation, Mr. Abubakar Malami (SAN), disclosed this to State House correspondents at the end of a meeting of the council at the Presidential Villa, Abuja. Malami said the approval will ensure... Read More
The News Blog
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EFCC
August 15, 2017
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EFCC recovers N553m allegedly stolen by South-East politicians

The Zonal Head of Operations of the Economic and Financial Crimes Commission (EFCC), Johnson Babalola, on Tuesday in Enugu said it has recovered N553.77 million from corrupt politicians in the South-east. Mr. Babalola said the announcement was to acquaint members of the public on the activities of the commission in the past seven months. He... Read More
The News Blog
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July 15, 2017
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Gov Bello uncovers Kogi University officials who looted N100m monthly for 7 years

Kogi State government announced Friday that it had uncovered an N8.4 billion fraud at the Kogi State University. The Director-General, Media and Publicity to the state governor, Kingsley Fanwo, told newsmen in Lokoja that three suspects had been arrested in connection with the fraud. “The suspects perpetrated the fraud by including names of ghost workers... Read More
The News Blog
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June 7, 2017
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Robbers loot 3 banks, kill 4 policemen in Osun

Armed Robbers on Tuesday attacked three commercial banks and killed four policemen in Iwo, Osun State, Punch reports. The robbers reportedly destroyed the bullet-proof door of one of the banks with a dynamite. It was learnt that the robbers killed four policemen and left many other injured. They reportedly robbed First Bank and Skye Bank branches close... Read More
The News Blog
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April 18, 2017
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[The Legislative Blog]: Even Bukola Saraki thinks the EFCC has messed up this $50m loot case

The $50 million cash discovered by the EFCC in a four-bedroom apartment at Osborne Towers in Ikoyi has turned out to be everybody’s money and nobody’s money. It’s shocking how nobody has come forward to claim such outrageous amount of loot  (like since when did Nigerians start disowning money) and the discovery agency, EFCC has... Read More
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March 30, 2017
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Abacha never looted Nigeria’s treasury | Bamaiyi says it is a media creation

by Dolapo Adelana A former Chief of Army Staff (COAS), Lt. General Ishaya Bamaiyi has said former head of state, General Sani Abacha, never looted the country’s treasury, The Guardian reports. Bamaiyi, who spoke on Thursday at the launch of his memoir said the ‘loot’ was a creation of the media. He said to the best of his... Read More
The News Blog
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March 2, 2017
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Frozen N75m in Ozekhome’s account, part of Dasuki’s loot – EFCC

The Economic and Financial Crimes Commission on Thursday prayed the Federal High Court sitting in Lagos to sustain the freezing order on the Guaranty Trust Bank account of Chief Mike Ozekhome (SAN) containing N75m. The agency alleged that the frozen funds was part of the alleged share of Ekiti governor, Ayodele Fayose from the N2.26bn... Read More
The News Blog
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February 18, 2017
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South Africans loot, destroy Nigerian-owned businesses

by Azeez Adeniyi South Africans on Saturday attacked the Nigerian community and Nigerian-owned businesses in Pretoria West. Ikechukwu Anyene, President, Nigeria Union confirmed the incident to the News Agency of Nigeria (NAN). Anyene said the attack started at 4am. He said the union had reported the incident to the Nigeria mission and South African police.... Read More
The News Blog
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February 11, 2017
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Magu commends EFCC official who recovered $9.8m

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has commended the Commission’s head of operations in Kano Zonal Office, Adama Dan Musa who the led the team that recovered $9.8m from a building belonging to former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu, in Kaduna.... Read More
The News Blog
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December 10, 2016
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N13,000 per bag of rice, 22-year-old MP | The 5 numbers that mattered this week

N13,000 – The Lagos state government will be selling 50kg bags of rice at this price starting from December 15 at the 57 LGAs and LCDAs of the state. N1.4 trillion – The Nigerian Senate has passed a bill seeking to set this amount aside out of the N7.3 trillion 2017 budget estimate to fund... Read More
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November 8, 2016
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Ondo APC accuses Mimiko of planning to loot state treasury

The All Progressives Congress in Ondo State on Tuesday alleged that the outgoing governor, Olusegun Mimiko was trying to divert government funds during the last few weeks of his tenure. In a statement by the publicity secretary of the party, Omo’ba Abayomi Adesanya, the APC said the governors was awarding huge contracts to his friends. He... Read More
The News Blog
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September 11, 2016
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$500 million; 471… | The 5 numbers that mattered this week

$500 million – The amount pledged by the World Bank to five Northern states through the Universal Basic Education scheme. $458 million – The amount to be returned from the loot stashed away by former President Sani Abacha in the United States. N24.5 billion – The amount consolidated by the Kaduna State Government in its... Read More
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July 29, 2016
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Swiss govt. agree to return $321m Abacha loot

The Switzerland government has agreed to return the sum of $321 million stashed in the nation’s bank by the late dictator Sani Abacha. Both countries on Friday signed a Memorandum of Understanding (MoU) to effect the repatriation. The pact also seeks to block accounts linked to stolen funds. In 2005, Switzerland repatriated $722m stolen by Abacha... Read More
The News Blog
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SERAP
June 5, 2016
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SERAP to FG: ‘Publish names of looters’

Civil rights group, Socio-Economic Rights and Accountability Project (SERAP), on Sunday, called on the federal government to “publish the names of high-ranking public officials from whom the public funds were recovered” According to a statement released by SERAP’s executive director, Adetokunbo Mumuni, the group commended the federal government for publishing the recovered funds, saying that... Read More
The News Blog
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May 24, 2016
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10 things the EFCC discovered while investigating $40m loot of Jonathan’s cousin

The Economic and Financial Crimes Commission (EFCC) has been investigating Roberts Azibaola, former President Goodluck Jonathan’s cousin and now they have series of new information. The agency traced the source of the $40 million allegedly paid into a bank in London. Here are the 10 discoveries made by the EFCC; The cash was wired through Citibank... Read More
The News Blog
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May 14, 2016
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Total loot recovered by Buhari’s govt will be disclosed in May 29 speech

President Muhammadu Buhari who is in London declared on Friday, May 13 that the monies recovered from looters will be made account for in his first anniversary broadcast on May 29. On May 29, President Buhari’s government will officially be a year old and he plans to highlight the milestones reached by his administration in a... Read More
The News Blog
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April 18, 2016
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US set to return $480m; ‘largest loot ever traced to a Nigerian public officer’

The government of the United States of America has agreed to return to Nigeria about $480 million allegedly stolen by the late military Head of State, Gen. Sani Abacha, and his family. According to The Nation, the development came about after a recent meeting between the the Attorney-General of the Federation, Abubakar Malami (SAN), the... Read More
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