EXPOSE!!! Why Nigeria Is Yet To Receive $321m Abacha Loot

The Government of Switzerland has uncovered that World Bank are behind the postponement in the arrival of $321m plundered by late Gen. Sani Abacha.

The Swiss Governemt said that the World Bank needs to conclude the tasks to be executed with the cash by the Federal Government.

The Swiss government clarified that a two-sided understanding for the compensation of the cash would then be marked a while later, which would shape the premise for the exchange of the cash.

As per a well known day by day, the Deputy Head of Mission, Swiss government office in Nigeria, Daniel Cavegn unveiled this in an email to request about the time period for the repatriation of the cash.
He Said

Once the monitoring of the World Bank for the projects chosen by the Federal Government is finalised, we will proceed to a bilateral agreement for the restitution, which is the legal basis for the transfer of the money. The Swiss forfeiture order provides for a return of $321m to Nigeria and foresees a monitoring of the use of the funds by the World Bank.

 From the Swiss side, we are committed to begin the restitution of the money to Nigeria as soon as possible; we will proceed to a bilateral agreement for the restitution, which is the legal basis for the transfer of the money. It is difficult to currently give a time frame for the start of the restitution as the finalisation of the proceedings will still need time

 This letter of intent confirms that the use of the funds will be monitored by the World Bank as foreseen in the forfeiture order issued by the Public Prosecutor of the Canton of Geneva

 Cavegn noted that the FG had submitted a series of possible projects for which the money repatriated could be used, adding that his country was waiting for details of the proposed projects.

We are awaiting more details regarding the proposed projects and, in particular, how the monitoring of the World Bank would be assured,” he said.