Nige­ria is in the money

Stolen bil­lions re­couped

7 Days in Dubai - - GLOBAL NEWS -

Nige­ria has seized more than $10.3 bil­lion in looted cash and as­sets in the past year un­der Pres­i­dent Muham­madu Buhari’s an­ti­cor­rup­tion cam­paign.

In ad­di­tion, the gov­ern­ment is ex­pect­ing the repa­tri­a­tion of more than $330 mil­lion stolen from the public trea­sury and stashed in banks abroad, In­for­ma­tion Min­is­ter Lai Mohammed said in a state­ment. He said most of the money is in Switzer­land.

Mohammed did not iden­tify for­mer and cur­rent of­fi­cials ac­cused of loot­ing public funds, though the gov­ern­ment had promised to pub­lish them. He did not say how much of the money has been re­turned vol­un­tar­ily by for­mer of­fi­cials hop­ing for for­give­ness or a plea bar­gain.

He said the funds in­clude $583.5 mil­lion re­cov­ered in cash and $9.7 bil­lion in cash and as­sets un­der in­terim for­fei­ture in­clud­ing sea-go­ing ves­sels, build­ings and land.

Hun­dreds of peo­ple have been ar­rested and many court tri­als are on­go­ing, in­clud­ing that of re­tired Col. Sambo Da­suki, who was for­mer Pres­i­dent Good­luck Jonathan’s na­tional se­cu­rity ad­viser.

He is ac­cused of di­vert­ing $2.1 bil­lion meant to fight the Boko Haram in­sur­gency. Jonathan in­structed that the money be paid to bribe party of­fi­cials to help him win his party’s pres­i­den­tial nom­i­na­tion, Da­suki has told the court.

Jonathan lost the March 2015 elec­tions to Buhari, who suc­ceeded him a year ago and said he in­her­ited state cof­fers emp­tied by cor­rup­tion.

Da­suki’s fi­nan­cial di­rec­tor, Shuaibu Sal­isu, told the court that $47 mil­lion in cash was stuffed into 11 suit­cases and taken at night from the Cen­tral Bank of Nige­ria to Da­suki’s res­i­dence.

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