Switzerland to repatriate 321 million dollars General Sani Abacha loot

Nigeria and Switzerland have signed a Memorandum of Understanding (MoU) on the repatriation of 321 million dollars stashed in the European nation’s banks by the late maximum ruler, General Sani Abacha.

The pact also seeks to block accounts linked to stolen funds.

This is the second batch of the stolen money linked to the late Abacha.

Switzerland also repatriated 722 million dollars to Nigeria in 2005.

The Swiss Ambassador to Nigeria, Mr Eric Mayoraz, hinted that both countries are now in the process of repatriating the looted fund.

The MoU, he argued will help remove all the legal bottlenecks in the fund repatriation.

The envoy spoke during the signing of MoU on Mutual Legal Assistance on criminal matters, between the Swiss government and the Federal Government in Abuja.

Mr Mayoraz noted that last Friday’s event was significant in the sense that it would eradicate every bottlenecks associated with the repatriation of stolen funds kept in his country.