Tuesday, 21 February 2017

Nigeria requests $500 million from Trump.



Former Nigerian President General Sani Abacha


A Nigerian economic and social rights group is demanding from the White House an amount of $500 million of stolen funds, which it claims are being held by the US.
"(We urge) the administration to attach and release to Nigeria some $500 million worth of US-based proceeds of corruption traced to former Nigerian dictator General Sani Abacha," the Socio-Economic Rights and Accountability Project (SERAP) wrote in an open letter.
The letter cites US obligations as a signatory to the UN Convention Against Corruption, and demands that the government "promptly initiate civil asset forfeiture proceedings" to ensure that the funds are quickly returned to Nigeria.
General Sani Abacha was a notorious dictator who led Nigeria for five years He is alleged to have stolen over $4 billion during his reign, SERAP's claim is the latest in a series of attempts to recover lost wealth from Abacha and his family, 

Switzerland has recovered and returned around $700 million to Nigeria to date, with further sums pending. The US Department of Justice had already seized $480 million in 2014, prior to SERAP's new claim, although this is yet to be returned.
Source:edition.cnn.com

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