Former
President Olusegun Obasanjo said he left in the national treasury over N287bn,
made up of $2bn, £100m and N10bn in cash and property, being the loot recovered
from the late dictator, Gen. Sani Abacha.
Obasanjo
left office as President in 2007 after serving two terms of eight years and
handed over to the now late former President Umaru Yar’Adua.
The
N287bn figure was arrived at using an average exchange rate of N125.88 to a
dollar in 2007 and an average exchange rate of N247.99 to a pound in the same
year.
The
former President said the funds were paid into the treasury through the Central
Bank of Nigeria.
Obasanjo’s
revelation was contained in the Vol. II of his memoir, My Watch. His take on
the Abacha loot is slotted under the sub-heading “Recovery of looted funds” on
pages 494 and 495.
He
said, “In total, by the time I left government in May 2007, over $2bn and £100m
had been recovered from the Abacha family abroad, and well over N10bn in cash
and properties locally. All were paid to the public treasury through the
Central Bank.
-Punch
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