Friday 19 January 2018

EFCC launches probe as recovered $500 million Abacha loot goes missing

Image result for abacha loot
Where is $500 million recovered from the late Gen. Sani Abacha’s family?This is the question the Economic and Financial Crimes Commission (EFCC) is battling to answer.

The cash was recovered from the family of the late Head of State during ex-President Goodluck Jonathan’s administration. It was repatriated from slush accounts in foreign jurisdictions.

The foreign governments,  which released the loot to the Federal Government after hard negotiations,  demanded that the cash be used for concrete developments, including infrastructure, such as roads, water, healthcare and education.
EFCC detectives tracking the $500million have discovered that it was diverted.
Of the $500million, about $250million was released to the Office of National Security Adviser (ONSA)during the tenure of Col. Sambo Dasuki without appropriation. The balance of $250million cannot be traced yet.
The Nation learnt that detectives discovered that the $250million was illegally withdrawn barely two months to the end of Jonathan’s administration.
Investigators are said to be working on clues that part of the cash was spent on “extraneous matters, including media services, opinion polls and personal matters”.
According to a fact-sheet on the investigation, the $250million was withdrawn between March 2, 2015 and April 21, 2015.

About $36,155,000 (N13,015,800billion) of the $250million was also withdrawn in cash “without any purpose” on March 2nd, 9th, 16th and 18th of 2015.
Detectives have retrieved documents relating to the alleged “re-looting” of the Abacha loot.
In the fact-sheet, the ONSA in a memo of January 12, 2015, asked the former Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, to transfer $300million .
More to come…

The Nation

No comments:

Post a Comment

Popular Posts