Tag: Abacha

  • France to repatriate $150m Abacha loot

    France to repatriate $150m Abacha loot

    The French authorities have agreed to return $150 million General Sani Abacha loot.

    Abacha was Nigeria military leader between 1993 to 1998.

    Since his death, the country has recovered millions of dollars stacked abroad.

    The visiting France Minister for Europe and Foreign Affairs, Ms. Catherine Colonna, who disclosed this to Diplomatic Correspondents in Abuja, said she has informed President Bola Tinubu about the planned return of the seized fund.

    According to her, the stolen fund will be returned to the country in form of grant.

    She noted that discussion will soon be opened with the Nigerian government on the areas to invest the fund.

    Read Also: Court orders govts to release $5b Abacha loot details

    According to her: ” I also informed President Tinubu that in response to the request submitted by the Nigerian Federal Ministry of Justice, and in agreement with the US
    Administration, France will return to Nigeria the assets stolen from the Nigerian
    people by General Sani Abacha and his family, that have been frozen in France
    since 2021.

    “We will start discussions with the Nigerian administration in order
    to allocate these 150 million US dollars to development projects benefiting the
    population, according to the priorities of the Nigerian government.”

    She said France has invested over €10 billion in Nigeria in the last ten years with over 100 French companies doing business in the country, creating over 10,000 jobs.

  • $322m Abacha’s loot: Group faults disbursement plan

    The Advocacy for Integrity and Economic Development (AIED) has faulted Federal Government’s plan to share part of the repatriated $322,000,000 Abacha loot from Switzerland to the poor and vulnerable.

    Special Assistant to the President on Justice Reforms, Juliet Ibekaku-Nwagwu, said on June 20 that the Federal Government plans to disburse N5,000 to 302,000 households categorised as poor and vulnerable in 19 states.

    But, AIED said how the households were compiled was faulty as the figures were not provided by the National Population Commission (NPC).

    It said the money should be better used in providing social amenities and projects in the rural areas.

    In a statement by its Media and Publicity Director Comrade O’Seun John, the group noted that there will still be a balance of N114. 4billion when N5,000 is shared to 302,000 households.

    It wondered whether the sharing plan was not a plot to distribute campaign funds and re-loot the money considering that the households were compiled with input from government officials.

    The group said: “AIED consider this proposed act as a deceitful venture laced with the bead of corruption and graft enablement by the Federal Government. The conservative naira equivalent of the returned loot stands at a whooping N115, 920, 000, 000.

    “This huge fund can best be channeled into providing basic social amenities and development projects that will be of direct benefits to Nigerians in the rural communities and most importantly, long Iasting, rather than throwing it on a one-off payment exercise.

    “Similarly, the proposed disbursement exercise in practical terms looks more like an avenue to re-loot the repatriated fund using a complex web of syndicated pyramid.

    “The composition and compilation of the National Social Register (NSR) intended to be used for the exercise is questionable, as this register was not provided by the NPC but built through inputs from state government officials, most of whom have over time been involved in ghost-worker scheme in the civil and public service.

    “The NSR does not in any way represent the statistics of the much evangelised vulnerable Nigerians but rather the desire of those relied upon to provide the data.”

    AIED said the plan to distribute N5,000 to 302,000 households comes to about N1.5billion, which is less than one percent of the actual repatriated fund.

    “The big question then is: what happens to the remaining N114, 410, 000, 000.

    “The controversy that greeted the process of the loot repatriation where the Attorney-General of the Federation, Abubakar Malami (SAN), allegedly tried manoeuvring the procedure by creating an avenue for his cronies to get N6billion from the loot in work duplication has punctured any silo of trust and sincerity of the Federal Government in making judicious use of the fund.

    “We hope this new and ambiguous disbursement tactics is not an early avenue to distribute campaign funds,” the group added.

  • FG promises transparency in managing recovered $322.5 million Abacha loot

    The federal government on Wednesday reiterated their intentions of maintaining transparency in utilizing the $322.5 million loot recovered from the late Head of State, Gen. Sani Abacha.

    Stanley Achonu, Civil Society Adviser, Open Government Partnership Nigeria(OGP), who represented the National Coordinator of the OGP, and Special Assistant to the President on Justice Reforms, Juliet Ibekaku-Nwagwu said this yesterday at the ‘Citizens’ Dialogue on Post-Gear Roadmap and Asset Recovery Regime in Nigeria’ held at Abuja.

    Ibekaku-Nwagwu said in a written statement that the federal government is committed to the principles of the OGP, which include transparency, accountability and citizen participation in asset management.

    She mentioned that the Central Bank of Nigeria has been mandated to set up a central asset recovery account to store the recovered assets.

    She disclosed that additional stolen assets are being recaptured through bilateral agreements with various countries like the USA, UK, France, UAE, Switzerland, as well as some African countries.

    The federal government plans to distribute the $322.5million loot to the neediest households in Nigeria.

    Director of Research and Policy, Africa Network for Environment and Economic Justice (ANEEJ), Dr. Matthew Ayibakuro, said that the NGO is working with various other Civil Society Organizations in order to monitor the use of the money in all the states where the cash transfer program is implemented.

    Ayibakuro explained that rigorous exercises were put in place in order to determine the eligibility of the households who will benefit from the program.

    “The World Bank and other international agencies work with Nigerian agencies to identify the poorest household to benefit from this cash transfer program by creating a register for these households.

    “This register has been put together by the National Social Safety Network with help from the National Bureau of Statistics. These households will be given N5000 every month as well as training in financial planning and investment schemes and to help them overcome poverty.”

    He complained that the country lacks the legal framework and policies for asset recovery.

    “Legal frameworks and policies for anticorruption are strong but that of asset recovery are very underdeveloped in Nigeria.

    “We do have certain bills to help in this area, like the POCA bill, the NFIU bill, and more we believe when passed will strengthen the mechanism.

    “Until then we are hoping that these CSOs become very active in monitoring how this money is used, not only in preventing re-looting, but also somehow discourage people from engaging in it knowing that the citizens have eyes to know how the money is being used.”

  • Abacha as President Buhari’s hero?

    It is very evident now to most Nigerians that President Muhammadu Buhari is an unrepentant admirer of the late Sani Abacha who ruled Nigeria with iron fist between 1993 and 1998. In fact, one can safely say that Sani Abacha was a sort of hero to the President. It appears to many discerning Nigerians that the President considered Sani Abacha as the best ruler to have ruled Nigeria since he himself was toppled in 1984. President Buhari in his previous utterances expressed doubt about the widely held view in Nigeria that Sani Abacha looted Nigeria treasury blind. To him money was just illegally transferred under Sani Abacha and not looted. President Buhari’s admiration for the late Sani Abacha came to fore recently when he hosted the Buhari Support Organization (BSO) led by Hameed Ali, the Comptroller -General of the Nigerian Custom Service who in the same meeting insensitively said only lazy people were hungry under the present government of President Buhari.  For his information there is massive hunger and frustration in the land at present. In the meeting, President Buhari was quoted as saying: “No matter what opinion you have about Abacha, I agreed to work with him and the PTF road we did from here to PortHarcourt , to Onitsha , to Benin and so on”.

    President Buhari has every right to praise Sani Abacha who was his benefactor but with the greatest respect he should not do this by not turning the history of Nigeria upside down. To many Nigerians especially those in the South West, Sani Abacha was the most vicious dictator to have ruled Nigeria, no matter the gloss anybody wants to put on his dastardly rule. For those who cherish and believe in democracy and rule of law, Abacha’s name will forever remain in infamy in the history of Nigeria.

    President Buhari anchored his effusive praise of Sani Abacha on the touted effect of the Petroleum (Special) Trust Fund set up by the late dictator on the infrastructural development in the country. Sani Abacha rehabilitated the then Major General Buhari  in 1984 by making him the Executive Chairman of the Trust Fund , a position he occupied until the disbandment of the Trust Fund in 1999 by the incoming Obasanjo Administration.

    The idea of the Fund was to create a trust fund into which all excess incomes from price increase in petrol sale would be paid. The money generated would then be used to intervene in critical areas of the economy that would benefit ordinary Nigerian citizens. Between the period of 1994 to 1999, the Fund was reported to have generated around N 181 billion.

    There was no doubt that the idea of the Trust Fund was laudable. Despite, the chest beating posture of President Buhari that the effect of the Fund on infrastructural development was felt all over the country, it is on record that  Buhari as the Executive Chairman of the Trust Fund ensured that 70% of the projects carried out with the fund were in the Northern part of the country.

    This could not be justified because the North did not contain 70% of the population of Nigeria. Honestly I believe that Nigerians have not heard the last word on this Trust Fund under the then Major General Muhammadu Buhari. With the escalating altercations between  former President Obasanjo and  the President, Nigerians would no doubt soon have the opportunity to hear more on the operation of the Fund under Buhari. Chief Femi Fani-Kayode, a supporter of President Obasanjo has recently whetted our appetite for more revelations on the operation of the Trust Fund.

    I am amazed that somebody like President Buhari who anchored his integrity and rise to power  on anti-corruption crusade would have any good thing to say about Sani Abacha who to millions of Nigerians including millions of  Buhari’s supporters was the greatest looter of our treasury. It is on record that millions of dollars of Nigerian money were siphoned away by Sani Abacha. The stolen money had been traced to countries like Lichtenstein, the UK, Luxembourg, Switzerland and United States of America.

    We all know that Nigeria is awaiting the receipt from Swiss government $320 million identified as part of the loot by Sani Abacha when he was in power. Also, the return of $500million siphoned away by Abacha to USA is being negotiated with the USA government. There is no doubt that Abacha was a massive looter of our treasury. He used his position which he got through the barrel of gun to perpetrate this heinous crime of turning our Central Bank into his personal bank. He was evil and he was corruption personified. It is therefore an adulteration of history to say that Sani Abacha never stole Nigerian money and that he was never corrupt. Many Nigerians including President Buhari’s supporters no doubt remember also the importation of foul fuel during Abacha’s tyrannical regime. The fuel not only gave offensive odour but damaged many car engines. The defence of Sanni Abacha especially with regarded to money he looted from our treasury no doubt cast a dark ominous cloud on the anti- corruption crusade of the present administration.

    Apart from the havoc done to our treasury , the greatest crime committed against Nigerians by Sani Abacha was the stifling and emasculation of democratic development of Nigeria coupled with the corrosive erosion of the fundamental human rights of Nigerians. The fiendish dictator used all the  evil tricks in the book for him to change from a military dictator to a civilian President through a deceptive political gerrymandering. In order to achieve this insane ambition he turned Nigeria upside down and into a killing field. After clamping MKO Abiola the winner of June 12 election into prison, he went after people who were agitating for the revalidation of the June 12 mandate and restoration of democracy in our land. Those who paid supreme price for this agitation included Kudurat Abiola,  Pa Alfred Rewane and journalists like Baguada Kalthio and Sola Omotunde. He killed Saro Wiwa for agitating for the rights of his people. Those he could not kill through his assasination agents  were sentenced to long term imprisonment. In this group we had  journalists like Kunle Ajibade, and  Femi Ojudu who is presently working in the presidency with the Vice -President, Professor Yemi  Osibajo.  Bola Ige,  Olu Falae  and Beko  Ransome Kuti  also suffered excruciating time in prison under Sanni Abacha. The late Afenifere leader Abraham Adesanya narrowly escaped assasination in the hands of Abacha’s men. The NADECO  leaders like Chief Anthony Enahoro, Wole Soyinka, Bola Tinubu and others had to go into exile inorder to escape Abacha’s assasination team. It has to be recorded here that people like Bola Tinubu, Wole Soyinka and Kayode Fayemi who helped President Buhari to power in 2015 were regarded by Abacha as enemies that must be eliminated. Sani Abacha did not even spare his seniors in the military. He clamped General Obasanjo and Major General Yardu’a into prison after trying them in a kangaroo court for plotting to overthrow him. Yardu’a eventually died in prison. The  list of Abacha’s atrocities during his suffocating regime is endless.

    We are told that President Buhari is a born again democrat. To me he has no option, because of  his position as President  in the present democratic setting we are operating. The arbitrariness which characterized his first coming to power in 1984 cannot be tolerated in the present setting. His effusive admiration of the late Sani Abacha would certain dent his electoral fortune in the Southern  part of the country especially in the South West where people felt the brunt of Abacha heinous dictatorship most. In the same South West we have eminent people who supported Buhari to get to power after three attempts and I am sure those people would be scandalized by his hero- worshipping of Sani Abacha.  Sani Abacha was nothing but  bad news for Nigeria as he fought tooth and nail to eliminate the people who fought for the freedom and democracy, President Buhari  is now enjoying today as the President of the most important country in Africa. Based on the history of our country it is a travesty for anybody to eulogise somebody who caused untold mayhem in our country and turned it into a pariah country.

    Whatever might have been his perceived achievements, as the one who started Petroleum (Special) Trust Fund for infrastructural development in the country, he could not be remembered with any admiration because of the havoc he did to our treasury, our democracy  and our  fundamental human rights. There was jubilation all over the country when he died on June 8, 1998 because he was nothing but evil incarnate when he ruled Nigeria for almost 5 years.

     

    • Prof. LUCAS writes from Old Bodija, Ibadan.

     

  • FG to get $765m, £21.7m allegedly looted by Abacha, Alamieyeseigha, others

    FG to get $765m, £21.7m allegedly looted by Abacha, Alamieyeseigha, others

    The Nigerian government would soon receive about 765million and  £21.7m which formed part of funds allegedly looted and kept in foreign jurisdictions by some past political leaders.

    The Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami (SAN),said the planned repatriation of the funds was made possible by some agreements Nigeria recently signed with some countries currently warehousing the funds.

    Malami said: “Just four days ago, in Washington DC, I signed two agreements on behalf of the Federal Republic of Nigeria with Switzerland and the United States of America respectively for the return of previously looted funds.

    “The first agreement with Switzerland will involve the return of $321 million traced to Nigeria’s former Head of State, General Sani Abacha, which has been the subject of intense diplomatic horse-trading and negotiations over the last two decades.

    “The second agreement, with the United States of America, sets out the roadmap for the eventual return of sums in excess of $300m currently in the custody of the US government, following forfeiture orders by American courts and which relate to monies stashed away in the  United Kingdom (1.6m dollars and 21.7m pounds), France ($145m) and Jersey ($299m) respectively by certain interests, including a former Governor of Nigeria’s Bayelsa State, Mr. Diepreye Alamieyeisegha, and the Abacha family, among others.

    “We are happy to have concluded these agreements as they help to reinforce the principle that the present administration in Nigeria will chase and recover every single penny rightfully belonging to the people of Nigeria no matter how long it takes.”

    Malami said this in a paper titled “Nigeria’s Anti-Corruption Effort: Working with the Media, Civil Society and International Partners” which he delivered on Thursday at the Royal Institute of International Affairs (Chatham House), London.

    The AGF, who gave details of the current administration’s effort to curb corruption and and related vices in the country, sought enhanced support from the international community, the media and civil society organisations (CSOs).

    He said: “A critical component of our strategy is the passage of new laws and amendment of existing ones in order to provide the necessary legal basis for our initiatives and make it easier for us to work with our international partners.

    “We are, therefore, currently pursuing legislative initiatives to pass the Proceeds of Crime Agency Bill, the Mutual Legal Assistance in Criminal Matters Bill, the Money Laundering (Prohibition) Bill as well as a Bill to create autonomy for the Nigerian Financial Intelligence Agency.

    “While this legislative process has certainly slightly slowed down some of our initiatives, it is, however, necessary that the anti-corruption campaign must be waged on the basis of the rule of law.

    “As a country, we have long lived under the shadow of the absence of an institutional framework for asset recovery and management, thus leading to regrettable gaps in our national efforts to effectively streamline assets recovery and management into the overall criminal justice system.

    “We, therefore, hope to address this gap through the enactment of the Proceeds of Crime Agency Bill (POCA Bill) which will guarantee the coordination and proper management of assets recovered from those suspected or convicted of embezzling public funds, and thus improve our capacity to collaborate with international partners,” he said.

    Malami faulted the claim in some quarters that the government was engaging in media trial and selection application of its war against corruption.

    He said: “An issue that has, however, sprung up arising from media coverage of corruption cases in Nigeria, is whether it constitutes ‘media trial’ of suspects, especially where it involves yesterday’s men or women of power and influence, as alleged by the major opposition party, the Peoples Democratic Party.

    “In response, let me say that as a government, we will continue to respect the constitutional rights to fair hearing of all accused persons, including the right to the presumption of innocence.”

  • Endgame & Abacha’s last disciple

    Endgame & Abacha’s last disciple

    Those skilled in psychoanalysis could not have missed the telltale hint. Newspaper images we saw of Yahya Jammeh receiving ECOWAS emissaries at the Banjul airport last Friday clearly depicted acute weight loss, accentuated by a distant look on his face.

    Really, it would have been humanly impossible to be haunted at home and heckled from outside like Jammeh in the past seven weeks and remain unruffled. An unconfirmed source even quoted him jokingly beseeching the leader of the august visitors, Nigeria’s Muhamnadu Buhari, “Mr. President, please don’t invade my country.” If true, it would seem the self-confessed herbalist (he claims HIV/AID cure) who prefers to be addressed elaborately as “His Excellency, Sheik, Professor, Alhaji, Doctor” had, alas, become aware of the limitation of his muchvaunted talisman.

    But like the proverbial doomed house-fly destined to join the coffin in the grave, The Gambian buffoon failed to take advantage of the olive branch offer by the ECOWAS peace-makers in the last-ditch effort to save him from himself. Not even another face-saving offer of asylum by the Nigerian congress would dissuade him from the path of perdition.

    On Tuesday, he took liberty to impose a threemonth state of emergency even when his legal mandate would expire less than twenty-four hours (Wednesday night). Before then, the Government House had almost become deserted and Banjul a ghost town following the exodus of fearful citizens to Senegal and other neighboring countries.

    No fewer than eight cabinet members (including the Information and Foreign Ministers) had resigned and defected. The floodgate of resignations was opened by no less than the chief electoral officer himself, Alieu Momar Njai. After declaring Adama Barrow winner of the December 1 polls, Njai had admitted some glitches in the process of tabulating the results.

    But despite that the reconciled figures still did not alter the outcome significantly, Jammeh, who had ruled the tiny country for 22 years, suddenly found a cheap alibi to recant his earlier concession of victory to the opposition.

    From initially accepting defeat, the Gambian desperado now wanted a re-run. Njai’s responded by sneaking out of the country, upsetting Jammeh’s crafty trap. So, as the Nigerian war ship and ECOWAS troops begin to mass along the Gambian coast in the days ahead for what now appears an inevitable invasion of the presidential fortress in Banjul, the nay-sayers – like Nigeria’s deputy senate president Ike Eweremadu – need not misconstrue the historic necessity of the task at hand.

    The mission to dislodge Jammeh for refusing to obey the electoral verdict of December 1 should not be seen as a favour to a fellow West African nation. Rather, it is a moral duty owed the long-suffering people of The Gambia. The argument of Ekweremadu and those preaching against the military option is essentially based on the otherwise thoughtful notion that “to jaw-jaw is better than war-war”.

    But such pacifism is tenable only on the premise that we are dealing with a sane man. From his conduct over the years, especially the odd symptoms seen in the past 49 days, it should be clear to everyone now we have on our hands a power psychopath, if not a first-class psychiatric patient. Those presently worried about the material costs of a military invasion are only being myopic.

    They should consider the price ECOWAS would pay if the Jammeh cancer was not quickly staved and excised but instead allowed to metastasize into a full-blown civil war with the attendant humanitarian crisis and instability for the sub-region.

    If nothing at all, ECOWAS’ swift and robust handling of the issue thus far should be a source of pride not only to the people of the sub-region but the rest of the Africa that democratic norms and values are fast taking root and, most significantly, that the people themselves are now developing the mechanism and capacity to resolve issues arising therefrom in the spirit of African solidarity without the prodding of any external neo-colonial power.

    Overall, perhaps only those with fairly long memory today could attest that Jammeh is indeed a calamity long foretold. After seizing power on July 22, 1994 as a young Army officer, he never hid his admiration for then Nigerian fledgling despot, Sani Abacha.

    As the infantry general in Abuja was increasingly isolated by the international community on account of his murderous proclivities, Jammeh became a regular visitor to Nigeria for fellowship at Aso Rock in his trademark gaudy costume of over-sized white Agbada, conspicuous sword and giant-sized prayer-beads, offering the public ceaseless comic entertainment.

    One salacious account has it that his preference for big Agbada in public outing is to conceal a permanent bulletproof vest. But unlike Abacha who, lacking self-confidence, chose a rather serpentine route in pursuit of a transmutation from Army law-giver to civilian president, Jammeh short-circuited his own metamorphosis to a civilian president within two years in the relatively much smaller The Gambia.

    Like his hero in kleptocracy in Abuja, the little read Jammeh ruled his tiny country with iron fist, even as he mindlessly purloined the bulk of the little that trickled into the national treasury mostly from peanut and tourism. And while the vast majority of Gambia’s population of 2 million wallow in indigence, the megalomaniac leader lives a life of debauchery and filthy extravagance.

    To further secure himself, he lately decided to mix politics with religion by proclaiming his country an Islamic country in blatant disregard for the sensibilities of a good number of citizens who are practising Christians.

    But one of the supreme ironies is that though he gave an executive order banning women from appearing in public without scarf consistent with Sharia practice, that hardly stopped his psychedelic Moroccan wife from continuing to flaunt openly her own procured assorted Brazilian hair at every opportunity. Indeed, “Abachaology” and the darkness it embodied had since unraveled in the land of its birth. But the enduring tragedy is that the infatuated like Jammeh still seem detained by that sordid past, refusing to read the ominous handwriting now on the wall.

    The savages are unwilling to accept that, with a more conscientised electorate, fixing elections results or disobeying its outcome is fast going out of fashion in Africa.

    It then explains why Jammeh, whose own family has since reportedly fled the country, seems still incapable of appreciating – much less following – the worthy footsteps of Ghana’s John Mahama who, tellingly, is among the ECOWAS peacemakers today. Mahama vied for a second term in the Ghanaian polls and lost precisely a week after the exercise in The Gambia.

    Once fully in receipt of the figures from the polling units, he promptly called the opposition candidate to congratulate him, even before the results were officially declared by Ghana’s electoral empire.

    Now, even after 22 years in the saddle, the political glutton in Banjul is still unwilling to let go. But he no longer has a choice.

  • Abacha’s and all other loot

    Abacha’s and all other loot

    •Time has come to achieve closure for this perfidy and to say, ‘never again’

    The odium of numerous graft stories in Nigeria and their concomitant damage to the image of the country and her people ought to be enough to trigger a groundswell of ethical revolution in any country. But therein lies the grand irony of the situation – business seems to continue as usual.

    In the last three decades, Nigeria has won top spots among the comity of nations with a reputation for a roguish ruling class. The annual reports of the global watchdog group, Transparency International (TI) over this period has had Nigeria stuck at the sordid end of the list of most corrupt nations – sometimes leading the pack.

    Illicit money will always leave a trail and reports of funds looted from Nigeria and stashed in almost all corners of the world lend credence to TI’s consistent putdown. Public funds stolen by politically exposed Nigerians have been traced to bank vaults in the United States, Europe, Middle East and Asia, among other places.

    President Muhammadu Buhari had embarked on what could be described as ‘Loot Recovery Diplomacy” in the early days of his administration. He had visited the United States of America, attended the G – 7 meeting in Germany and signed MoUs with the leaders of United Arab Emirates (UAE) and even the government of China concerning identifying and repatriating of funds stolen from Nigeria and stashed in banks in these countries.

    Speaking on the issue after President Buhari’s visit to President Barack Obama last year, Mr. Femi Adesina, Special Adviser to the President on Media and Publicity had said: “The search (for Nigeria’s stolen funds) will not only cover UK, US, Switzerland, Germany and other known havens of Nigeria’s looted funds but will cover everywhere under the sun.”

    Indeed, these odious monies have been traced to such other places like Luxembourg, France, Liechtenstein, British Virgin Islands, Dubai and UAE, among others.

    But not much progress has been made in actually repatriating these monies despite assurances from the US, UK, Germany and UAE. Two instances will suffice here. First, the Department for Foreign International Development (DFID) is reported to have alerted the Buhari administration in the early days about the sum of N1.3 trillion which was stolen during the last administration which had been traced to a place it could be easily returned. But it is not certain that the British government has released this money almost two years after.

    Another example is that in March 2014, the US had reportedly ordered the freezing of the sum of $458 million in assets, stolen by the late military head of state, General Sani Abacha. According to report, the US Justice Department (USJD) had given such specifics as bank accounts where the monies were lodged. There is Bailiwick of Jersey and two other accounts in France as depositories of $313m and $145m of Abacha loot, respectively.

    Some of the other financial institutions named by the USJD in the Abacha family carnage against Nigeria are: Citibank, Chase Manhattan Bank, JPMorgan Chase, New York arms of Britain’s Barclays Bank and Germany’s Commerz Bank.

    But disturbingly, hardly any of these monies has been repatriated. In fact, the $400 million Abacha loot ready for release by the Swiss government remains a subject of controversy. Though all the conditions – including World Bank’s monitoring of infrastructure projects – have been met yet another small dispute about a chunky $79m commission crops up.

    Notwithstanding that, a whooping N289 bn of the expected recoveries is already built into the 2017 budget estimates.

    We urge the Federal Government to give the looted funds issue the required seriousness it demands. A small committee may be needed to lead the drive. We need to know every looted fund anywhere, both home and abroad. And the committee, apart from being open about it all, must work for a quick closure of this sordid affair.

    Most important, the committee will make recommendations about policies to be put in place to ensure that the country’s patrimony is not easily available for looting and shipment abroad.

  • Why I wrote book on Tinubu – Kaduna Corps member

    Why I wrote book on Tinubu – Kaduna Corps member

    A member of the National Youth Service Corps (NYSC) serving in Kaduna, Olayinka Olusuyi has written a book on the National Leader of All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, titled; ‘Our Hero Democrat’.

    The 248 page book chronicled the immense contributions of the former Lagos State Governor to Nigeria’s democracy, especially in face of fierce military dictatorship and opposition to advocacy for democratic rule.

    Presenting the book to newsmen amidst his colleagues, during their Community Development Service (CDS) meeting in Kaduna on Wednesday, Corps member Olusuyi said, though he is not a politician, as it is against NYSC rules, but he belongs to a NYSC CDS club which creates awareness on politics, economy, socio-cultural and religious issues, hence his resolve to raise awareness on the contributions of Tinubu to Nigeria’s democratic development.

    Olusuyi said, he decided to write on Tinubu for what he described as his sacrificial ideological, nationalistic theoretical, opposition activism, daring and selfless commitment to the struggle, enthronement and nurturing of the nation’s democracy, as well as his present struggle to keep Nigeria democracy in a modern shape.

    According to him, “I tilted my book, ‘Our Hero Democrat’ because Tinubu is our hero of democracy, due to his bloody sacrifice for Nigeria. Categorically, Tinubu is Nigeria’s Democrat by work, battle, sacrifice, struggle and resilient fight. I did not give him these titles, but he earned them on the political battle ground”.

    “I wonder when some people still condemn such a man who has sacrifice for this great nation. A lot of those who attack Tinubu today were nowhere to be found during the real struggle for democracy. It is unfortunate that we live in a country where people’s sacrifice for their nation is easily forgotten or never rewarded and most times victimised.

    “My question is, do Nigerians not remember the annulment of June 12 election and those who led protest that the presume winner be enthroned? Tinubu was a founding member and a kingpin in the struggle to enthrone democracy in Nigeria.

    “The present government have tried to come to power times, but failed during election. Whether we like it or not, the truth can never be hidden. Asiwaju branded President Muhammadu Buhari. Asiwaju was almost crushed to death when he became a target during the Abacha led military government”, he said.

    Reacting to question on whether the book was politically motivated, the Corps member said, he has never met Tinubu or any of his close associates, not to talk of being contracted to write the book.

    He explained that, “Tinubu is a Nigerian who has contributed to Nigeria’s democracy Immensely. And I believe in whoever believes in Nigeria. He did not start promoting democracy when it was easy, he did it when others were scared of being arrested during military oppression.

  • Ekiti at 20: Fayose hails Abacha, predecessors

    Ekiti at 20: Fayose hails Abacha, predecessors

    Ekiti State Governor Ayo Fayose has showered encomiums on the late former Head of State, Gen. Sani Abacha, for yielding to the cries of Ekiti people for a state of their own on October 1, 1996.

    The state was created alongside Bayelsa, Ebonyi, Gombe, Nasarawa and Zamfara by the late military strongman.

    The governor, who spoke at an interactive session with interest groups at Oluyemi Kayode Stadium, Ado Ekiti yesterday as part of activities to mark the 20th anniversary of the creation of Ekiti State and 56th independence anniversary, vowed not to leave any abandoned project behind by the time he completes his tenure on October 15, 2018.

    Fayose also hailed all his predecessors-Col. Inua Bawa, Capt. Atanda Yusuff, Otunba Adeniyi Adebayo, Chief Segun Oni and Dr. Kayode Fayemi-for their sacrifices and contributions to the development of the state.

    He said the former governors tried their best within the limited resources available to them, saying their contributions have given him something to build upon to take Ekiti to greater heights.

    Fayose appealed to politicians across various divides to always place the interest of the state above personal interests and work for its development.

    He said: “Let me commend Gen. Abacha for creating the state and I also thank our founding fathers for their vision.

    “Though, I didn’t participate in the struggle but I am a beneficiary and many children and governors yet unborn will also benefit.

    “Politics aside, let me commend all the military and duly elected governors of the past for their contributions because they have contributed their own quota within the available resources to lay a foundation. For without foundation there could be nothing to build upon.

    “Ekiti has scored many firsts within the two years I came on board. Ekiti recorded in transparency in budget provision.

    “It came first in 2016 NECO and these came at the most auspicious time when Ekiti is 20.”

    He added: “Our desire now is to buckle up and work harder for more service delivery for the good of you and I.

    “Whatever our political, religious and interests are, we must put our eyes on the ball called Ekiti for our tomorrow to be better than this.

    “I want to tell you that I won’t abandon any project. All the projects I have started will be completed before my departure.”

  • $321m Abacha loot: Govt sends plans to Switzerland

    $321m Abacha loot: Govt sends plans to Switzerland

    •$480m stalled in U.S., says AGF 

    In line with Switzerland’s request, the Federal Government has submitted five proposals on how it will spend the $132million Abacha loot if returned.

    Switzerland had asked for how the cash would be spent before releasing it.

    The proposals are based on social benefit projects to alleviate the suffering of Nigerians.

    The government is, however, weighing options on another condition bordering on the payment of monitoring fees to the World Bank on five projects.

    To cut cost, the government is thinking of reducing the projects to two for the World Bank to monitor.

    If the $321million loot is released, the amount to be repatriated to Nigeria by the Swiss authorities will amount to $1.044billion in 11 years.

    Switzerland has released $723million to the country in the last 10 years.

    But, a matter before a court by a Nigerian lawyer based in the United States (U.S.) has stalled the return of $480 million by the American government.

    But both the U.S. and the Federal Government are collaborating to overcome the legal hurdles at the appeal court.

    Attorney-General of the Federation and Minister of Justice Mallam Abubakar Malami (SAN)  told our correspondent that the government was trying to meet the terms of Switzerland.

    Malami said: “We got a request from Switzerland that we should provide a list of projects that we will spend the $321million on.

    “The government has done its homework and submitted five proposals that have bearing with social benefit projects.

    “Some of the projects have been captured in this year’s budget. They will impact on all Nigerians.

    “They wrote back to us on the fact that they will want the World Bank to be directly involved in the monitoring of the projects with a caveat that we have to pay monitoring fees.

    “We have not come to terms with paying monitoring fees for all the projects. We have not taken any decision to pay the bills for all the projects or to restrict the payment to two of the projects,

    “We are already collaborating with World Bank on three projects which will accelerate the nation’s development.”

    Last March, Nigeria and Switzerland signed an agreement on the return of the $321million.

    The pact, titled: “Letter of Intent on the restitution of illegally-acquired assets forfeited in Switzerland,” was signed by Malami, and the Swiss Head of Foreign Affairs Department, Didier Burkhalter. The document revealed that $321 million acquired illicitly by the Abacha family, was initially deposited in Luxemburg before being confiscated by the Swiss Republic Judiciary and Canton of Geneva following a December 11, 2014 forfeiture order.

    On the $480 million Abacha loot in the U.S., Malami said it was yet to be repatriated because a Nigerian lawyer in America was impeding its return.

    The minister said: “For the US, the only impediment is a Nigerian lawyer who has been constituting a threat to the repatriation of the funds.

    “He has filed many court processes in the past few years demanding 40 per cent of the amount involved. He relied on a purported court injunction granted him in the last 14 years. Over the period of 10 years, the matter had gone through processes.

    “At a point, he did not even have licence to operate in the US. His filings have been of concern to the US and the Federal Government.

    “We are looking at the possibility of concluding the process at a Court of Appeal in the US.”