Skip to content
Wednesday, September 9, 2026
Commotion In Benue As Suspected Thugs Attack Peter Obi’s Convoy
Alleged Defamation: JNI, CAN Call For Peace As El-Rufai Sues Musa For N10bn
Peter Obi Reacts To Datti Baba-Ahmed’s Statement On Opposition Lacking Capacity To Change Nigeria
Obi Can And Will Rescue Nigeria Because He Has Antecedents-POMR

NEWS RANGERS

NEWS BY THE HOUR

Newsletter
Random News
  • Home
    • About Us
    • Contact
  • National
  • State
  • International
  • Sports
  • Features
    • Business
    • NASRDA
  • Entertainment
  • Health
  • Interview
Commotion In Benue As Suspected Thugs Attack Peter Obi’s Convoy
Alleged Defamation: JNI, CAN Call For Peace As El-Rufai Sues Musa For N10bn
Peter Obi Reacts To Datti Baba-Ahmed’s Statement On Opposition Lacking Capacity To Change Nigeria
Obi Can And Will Rescue Nigeria Because He Has Antecedents-POMR

NEWS RANGERS

NEWS BY THE HOUR

Newsletter
Random News
  • Home
    • About Us
    • Contact
  • National
  • State
  • International
  • Sports
  • Features
    • Business
    • NASRDA
  • Entertainment
  • Health
  • Interview
Headlines

Commotion In Benue As Suspected Thugs Attack Peter Obi’s Convoy

2 hours ago

Alleged Defamation: JNI, CAN Call For Peace As El-Rufai Sues Musa For N10bn

3 hours ago

Peter Obi Reacts To Datti Baba-Ahmed’s Statement On Opposition Lacking Capacity To Change Nigeria

3 hours ago

Obi Can And Will Rescue Nigeria Because He Has Antecedents-POMR

3 hours ago

Women Honour Union Bank , Brand Chief  Aluko At WIMCA 2026

15 hours ago

NDLEA Intercepts Drug-Laden Fuel Tanker  Abandoned In Church Premises

16 hours ago

Plane Carrying Two American Family Of Two Grandparents, Two Grandchildren Disappear

16 hours ago16 hours ago

UNGA:President Tinubu Won’t Be Arrested, But Will Be Embarrassed-Von Batten-Montague

2 days ago

Peter Obi Mourns Gumel, Zurmi Emirs

2 days ago

Egyptian TV Presenter Sarah Khalifa, 11 Others Sentenced To Death In Drugs Case

3 days ago3 days ago
  • Home
  • National
  • FG Has No Record Of Recovered And Expenditure Of Abacha Loot
  • National

FG Has No Record Of Recovered And Expenditure Of Abacha Loot

News Rangers6 years ago6 years ago04 mins

LAGOS MARCH 15TH (NEWSRANGERS)-The federal government has told the Socio-Economic Rights and Accountability Project (SERAP) that it “has no records of the exact amount of public funds stolen by a former military head of state, Sani Abacha and no records of the spending of about $5 billion recovered loot for the period between 1999 and 2015.”

The government’s response followed SERAP’s Freedom of Information (FoI) requests sent to Abukabar Malami, Attorney General of the Federation and Minister of Justice and Zainab Ahmed, Minister of Finance, Budget and National Planning, requesting: “information on the exact amount of public funds stolen by Abacha, and details of spending of about $5 billion recovered loot since the return of democracy in 1999.”

According to SERAP, only Mr Malami has sent a reply to its FoI requests. In the reply dated February 26 but which SERAP said it received March 9, Mr Malami said: “We have searched our records and the information on the exact amount of public funds stolen by Abacha and how recovered loot was spent from 1999–2015 is not held by the Ministry.”

Mr Malami also said: “However, a total of $322 million was recovered from Switzerland in January 2018 and the funds were used for Social Investment Project. Also, $308 million was recovered from the Island of Jersey in collaboration with the USA. While awaiting the transfer of the money to Nigeria, it has been designated for the following projects: Lagos—Ibadan Expressway; Abuja—Kano Expressway, and Second Niger Bridge.”

Dissatisfied with Mr Malami’s reply, SERAP deputy director Kolawole Oluwadare said: “The failure to provide information on the exact amount stolen by Abacha and on spending of recovered loot for the period between 1999 and 2015 implicitly amounts to a refusal by the government. The government also failed to provide sufficient details on the spending and planned spending of the $630 million it said it recovered since 2018.”

In the statement dated March 15, SERAP said: “in the circumstances and given that Mrs Zainab Ahmed has failed and/or refused to response to our FoI request, we are finalising the papers for legal actions under the FoI Act to compel the government of President Muhammadu Buhari to fully and effectively comply with our requests.”

Mr Malami’s reply with reference number MJ/FOI/REQ/035/11/34, was signed on his behalf by Hamza Omolara, Principal Counsel at the Ministry of Justice.

It would be recalled that SERAP’s FoI requests expressed: “concerns that substantial part of the estimated $5 billion returned Abacha loot since 1999 may have been diverted, re-stolen or mismanaged, and in any case remain unaccounted for.”

The FoI requests dated February 14, read in part: “the Federal Government should disclose details of projects executed with the Abacha loot and their locations, details of companies and contractors involved in the execution of any such projects, details of all the agreements on the loot, the roles played by the World Bank and other actors, as well as the implementation status of all projects since 1999.”

“Publishing the details of projects on which Abacha loot has been spent would allow the public to know the specific projects carried and the areas of the country in which the projects have been implemented as well as the officials that may be responsible for any alleged diversion or mismanagement of the loot.”

“Furthermore, former president Olusegun Obasanjo administration also reportedly recovered over $2 billion of Abacha loot. Mr Obasanjo would seem to confirm this fact when he stated in the second volume of his book titled My Watch that: ‘by the time I left office in May 2007, over $2 billion and £100 million had been recovered from the Abacha family abroad, and N10 billion in cash and properties locally.’”

“Similarly, former president Goodluck Jonathan administration reportedly recovered $226.3 million and €7.5 Million from Liechtenstein. Some £22.5 million was also recovered from the Island of Jersey while $322 million and £5.5 million from the Abacha loot were reportedly returned to the government.”

“The government of president Muhammadu Buhari has also recovered several millions of dollars of Abacha loot since assuming office in May 2015, including $321 million from Switzerland, and $300 million from the US and Jersey.”

Premuim Times

facebookShare on Facebook
TwitterPost on X
FollowFollow us
PinterestSave

Related Post

Refiners Urges FG, NNPCL To Sell Moribund Nigeria ...
Biafra: Lagos Lawyer Drags FG, Others To Court Ove...
Businessman Drags OPay To Court Over Alleged Unlaw...
FG Proposes Increasing VAT Rate From 7.5% To 10% I...

Related Posts

  • Nigeria Expecting $400m Abacha Loot From US – ICPC

    LAGOS NOVEMBER 14TH (NEWSRANGERS)-The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed…

  • U.S To Repatriate $300m Abacha Loot To Nigeria-Buhari

    LAGOS OCTOBER 2ND (NEWRANGERS)-President Muhammadu Buhari on Tuesday disclosed that Nigeria and the United States…

  • Buhari Should Tender Unreserved Apology For Denying Abacha Loot – Falana

    LAGOS JULY 4TH (NEWSRANGERS)-A constitutional lawyer and renowned human rights activist, Mr. Femi Falana, has…

Tagged: Abacha Loot Account Federal Government Sanni Abacha

Post navigation

Previous: Pipeline Explosion Rocks Abule Ado, FESTAC Surburb Of Lagos
Next: Lagos: Family Of Four, Eleven Others Consume In Abule Ado Explosion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Commotion In Benue As Suspected Thugs Attack Peter Obi’s Convoy

News Rangers2 hours ago 0

Alleged Defamation: JNI, CAN Call For Peace As El-Rufai Sues Musa For N10bn

News Rangers3 hours ago 0

Peter Obi Reacts To Datti Baba-Ahmed’s Statement On Opposition Lacking Capacity To Change Nigeria

News Rangers3 hours ago 0

Obi Can And Will Rescue Nigeria Because He Has Antecedents-POMR

News Rangers3 hours ago 0

News Rangers TV

Entertainment

  • Jury Convicts Duane “Keffe D” Davis For 1996 Murder Of Rap Icon Tupac Shakur
  • Lionel Richie Halts Concert Performance,  Hospitalized In ICU After Complaining Of Dizziness
  • Lagos: Two Dead As Machete, Knife Wielding Man Storms IMAX Cinema In Lekki
  • ‘Why I Never Had Children’-Dolly Parton
  • Dolly Parton: Trump Honours Country Music Icon, Orders US Flags Lowered For One Week

News Rangers TV

Interviews

  • UNGA:President Tinubu Won’t Be Arrested, But Will Be Embarrassed-Von Batten-Montague
  • Panic As Over 200 Cameroonian Troops Enter Nigerian Border Community
  • Kaduna-Based Journalist Recounts How His Dogs Save Him From Bandits Attack
  • Lagos Trader Recounts  How  His Ailing Brother Admitted To Hospital Vanished Without Trace

Sports

  • Real Madrid Star Pleads Guilty To Drink Driving
  • FIFA Threatens To Sanction Nigeria Over Alleged FG Interference In NFF
  • Lionel Messi  Announces Retirement From International Competition
  • Moses Itauma Makes First Comments Following Shocking IBF Title Loss To Filip Hrgovic