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Tag: loot
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…
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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…
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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…
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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…
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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 -…
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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…
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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…
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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…
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Diezani loot: Has she made it harder for women?
by Alexander O. Onukwue Let’s face it, everybody is looking for reasons to give women less roles in the public life. As much we want to see society advance and…
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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…
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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…
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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…
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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,…
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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…
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FG to recover £321m, $600m from Switzerland, UK
by Dolapo Adelana The Federal Government says it is on the verge of repatriating more loot kept in foreign countries by corrupt Nigerians this year. The Minister of Justice and…
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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…
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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…
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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…
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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.…
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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…
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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…
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The top 10 stories that made headlines this week
These are the top 10 news that made headlines this week 1. Nigeria is in recession The Minister of Finance, Kemi Adeosun, has confirmed that the Nigerian economy is in…
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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…
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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…
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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.…
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Missing £22.5 million Abacha loot: Ex-Finance minister to be quizzed
Following the agreement between the government of Nigeria and that of the United States over the return of $480 million looted by the late Head of State, General Sani Abacha…
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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…
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Opinion: How Obasanjo’s administration re-looted Abacha loot
“Justice Mohammad Idris of a Federal High Court in Lagos has ordered President Muhammadu Buhari to hold all successive administrations since the return to civil rule in 1999 to account…
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$321m Abacha loot to be returned to Nigeria
A delegation led by the Switzerland Minister of Foreign Affairs, Didier Burkhalter, are expected to have a meeting with Vice-President Yemi Osinbaj and the Nigerian Minister on Foreign AFfairs, Geoffrey…
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YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy