Abacha loot: Switzerland returns $700m to Nigeria

Nearly 15 years after the death of General Sani Abacha, Nigeria’s former military ruler, the Swiss Government has said that it has so far returned to Nigeria the sum of $700 million stolen by the late dictator and deposited in several Swiss banks.

The Swiss Ambassador to Nigeria, Dr. Hans-Rudolf Hodel, announced the figure at a media briefing in Abuja on Tuesday.

Hodel also hinted that his country had begun proceedings in Geneva against one of Abacha’s sons -Abba, for allegedly sponsoring a criminal organization but did not give further details.