ABACHA $300M:U.S FINDS NIGERIAN LEADERS UNWORTHY TO MANAGE THE LOOT.

 BY BENEDICT ODINAKA EZEOKA.

In a struggle  by Nigerian to recover Abach's loot the  United States has laid claim to $300 million stashed abroad by Nigeria's late military dictator, Sani Abacha. Report available to  ODOGWU MEDIA says that America has told a court in an undisclosed foreign country that it had an interest in the loot claiming that the money was saved in its currency,the US dollar This was made known by the Attorney-General of the federation and Minister of Justice Abubakar Malami (SAN) and human rights activist Mr Femi Falana (SAN) in Lagos.
The human right activist laid a claim saying that the Nigerian National Petroleum Corporation (NNPC) has failed to remit over $21.7 billion since 1999. He tasked Buhari led  Federal Government to make sure that those loot are recovered to fund “the few Nigerians who have been indicted in the Panama and Paradise papers. The EFCC and the Federal Inland Revenue Service should recover appropriate taxes from the offshore companies set up by such individuals,” Falana said.

 The United States, Switzerland, the UK and other western nations of  do not mean well for Nigeria as they obstruct the country's quest to recover our common wealth stashed in their banks which is in the United State.Fanala lamented.

He said: “Nigeria traced part of the Abacha loot (over $300m) to Jersey, an island in the United Kingdom. The Attorney-General filed a process to – by the way I was in that country when the person was convicted. The money left Nigeria through Kenya and landed in Jersey. It was from the late Abacha. Nigeria wanted to collect the remaining loot. But the United States filed an objection, saying the money could not be released to Nigeria. The court asked why; the US said if the money must be released, it should be released to the US government, so that ‘we can manage it for Nigeria. The other one, $321 million, Switzerland, a notorious conduit for corruption, had the temerity to say that ‘unless the World Bank is going to manage this money, we are not going to release this money.’”

He also advised  the Federal Government to stop depending on the west in its struggle to recover the said loot..
“The United Nations Convention Against Corruption has made adequate provisions against corruption, mandating countries to assist each other but western countries have not been helping us. Our government should stop relying on the west.”

He said he had advised, and the government was considering, suing foreign banks illegally holding onto funds stolen from Nigeria. He added: “From five cycles of independent audit reports covering 1999-2012 the National Extractive Industries Transparency Initiative revealed that the Nigerian National Petroleum Corporation, some oil companies and certain agencies of the Federal Government have withheld $20.2 billion from the Federation Account. But in all these trouble hovering around the loot, ODOGWU MEDIA has this to say "It is a shame that our leaders in Nigeria has become so bad that World is scared to release such amount of money to the our government.If this loot is finally given to this leaders quote me it will be looted again."