ABACHA LOOT: Switzerland returns $723m to Nigeria in 10 years

LAGOS—The Swiss government has confirmed that it had so far returned $723 million (about N142.43 billion) of stolen funds seized from the family of the late former head of state, Sani Abacha, to the Nigerian government over the last 10 years. The amount excludes $321million (about N63.24 billion) which the Swiss authorities recently said it was planning to repatriate to Nigeria. Late Sani Abacha 
Late Sani Abacha
Sani Abacha
March 8 agreement 
These details are contained in the agreement signed on March 8, 2016, in Abuja by representatives of the Swiss Federal Council and the Nigerian government. The agreement, titled “Letter of Intent on the restitution of illegally-acquired assets forfeited in Switzerland,” was signed by Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami, and the Swiss Head of Foreign Affairs Department, Didier Burkhalter. 
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