Wednesday, January 27, 2016

Abacha, Ibori Loot Over $756.9M

Image result for sani abachaImage result for ibori

Reports emerging today has it that the Federal Government is set to recover an additional $750 million of the late former Head of State, General Sani Abacha loot. 

Abubakar Malami, the Attorney-General of the Federation and Minister of Justice, disclosed this. Malami made the disclosure on Tuesday in Abuja during an interactive session with members of the House of Representatives Committee on Justice. 

He said his ministry also intends to recover £6.9 million loot traced to former Delta State Governor, Chief James Ibori, on behalf of the Federal Government. 

He said: “In respect of the recovery of looted assets, the ministry will engage in an agreed waive policy of using Mutual Legal Assistance Agreements or other bilateral and multilateral instruments.

I can make the deduction that the loot from both Ibori and Abacha alone is over a billion dollars, as the $750M is set to be additional, meaning some have been recovered earlier. 

Imagine that whopping sum, what if we are to add what our politicians have embezzled in the past administration. God help us. 

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