UK Recovers $23 Million In Loot Linked To Late Abacha
May 6, 2022
…Funds to be transferred to the DOJ
Britain’s National Crime Agency (NCA) has recovered more than $23 million stolen from Nigeria by the country’s late military dictator Sani Abacha, it said on Thursday, the latest in a series of similar recoveries around the world.
Abacha ruled Africa’s most populous nation and top oil exporter from 1993 until his death in 1998, a period during which he stole up to $5 billion of public money, according to Transparency International. He was never charged.
An NCA spokesperson did not immediately respond to a query about whether the funds would ultimately return to Nigeria. In the past, countries including the United States and Switzerland have repatriated Abacha loot there.
REUTERS