Connect with us

Social Media

Diary of Abacha’s loot – Court seizes £211m traced to Abacha

Published

on

A British court has seized Two hundred and eleven million euros of Gen. Sani Abacha’s loot found in a Jersey bank account on channels Island.

According to Metro UK, a UK based paper, Sani Abacha laundered money through the US into the Channel Islands.

The money was put in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands company. The £211m is now being held until authorities in Jersey, the US and Nigeria come to an agreement on how it should be distributed.

Roots Tv in a tweet post traced down the history of Abacha’s loot, where the money went to and what the money would have been used for.

The tweet reads in plain text,

DIARY OF ABACHA’S LOOT

Between November 17, 1993 and June 8, 1998 , during which the late dictator, General Sani Abacha, held Nigeria in his vicious grip, he treated the treasury like a hapless cow being milked to death. Abacha was not contented with raping the country through kickbacks from inflated contracts. He dipped his hands into the vaults of @cenbank
where the strong currencies of the United States of America and British held out great attraction for him.

On March 25, 1994 alone, Abacha stole $37.6 million from the CBN. Ismaila Gwarzo, his NSA, was his main pointsman in looting  @cenbank. Gwarzo told a Special Investigation Panel, SIP, set up by the OBJ regime that he sent his special assistant to.

the bank between June 1996 and October 1997 to collect a total sum of $456 million and £232 million for Abacha. The breakdown of the money stolen on each trip made to the CBN on his behalf as shown below would suggest that corruption, more than blood, ran through his veins:

  • 02/15/95 – $4m & £2m
  • 02/17/95 – $4m & £2m
  • 02/27/95 – $4m & £2m
  • 07/08/95 – $5m, £2m & another £2m in traveller’s cheques
  • 12/29/95 – $5m
  • 03/28/96 – Abacha requested $5m & £3m.
  • The CBN ran out of foreign currencies. It paid him $3.801 million. He was angry but collected the money grudgingly
  • 05/29/96 – $5 million & £5 million. The bank ran out of pound sterling and sent $12.5m to Abacha.
  • June 20, 1996 – $10 million and £5 million
  • August 20, 1996 – $30 million and £15 million
  • September 24, 1996 – $50 million
  • September 30, 1996 – $50 million and £3 million
  • October 14, 1996 – $5 million
  • November 11, 1996 – $5 million and £3 million
  • February 18, 1997 – $6 million
  • February 28, 1997 – $3 million
  • March 3, 1997 – $3.27 million
  • March 6, 1997 – $1.21 million
  • April 22, 1997 – $60 million
  • April 28, 1997 – $60 million and £30 million
  • June 30, 1997 – $4.9 million
  • July 9, 1997 – $5 million and £2 million
  • August 8, 1997 – $10 million
  • October 18, 1997 – $12.3 million
  • October 21, 1997 – £5.88 million
  • October 23, 1997 – £14.76 million
  • October 29, 1997 – £11.76 million
  • November 14, 1997 – $10 million
  • November 26, 1997 – $24 million
  • December 10, 1997 – $24 million
  • December 18, 1997 – £6.15 million

WHERE THE MONEY IS

After the death of Abacha, investigators in Nigeria , Europe and America stumbled on over 130 bank accounts at home and abroad where some of the money stolen was kept.

The banks are:

Australia and New Zealand Banking Group, ANZ, London branch

ANZ, New York

ANZ, Frankfurt

Bank in Liechtenstein A. G. Vaduz

Bank Len, Zurich

Bankers Trust Company, London

Bankers Trust Company, Frankfurt

Bankers Trust Company, New York

Banque Barring Brothers, Geneva

Barclays Bank, New York

Barclays Bank, London

Banque Edouard Constant, General

Banque Nationale De Paris, Geneva

Banque Nationale De Paris, London

Banque Nationale De Paris, Basle

Citibank N. A. London

Citibank N. A. New York

Citibank N. A. Luxembourg

Citibank Zurich

Credit Lyonnais , New York Credit Suisse , New York

Credit Suisse, General

Five things Nigeria would have done with Abacha’s stolen Billions

1. 100 new Harvard-like universities

2. 200 new Wembly-like stadia

3. 10, 000 new textile factories

4. 100, 000 new-well equipped hospitals

5. 1, 000, 000 bore-holes with solar-powered pumps across communities

Six Alternative things Nigeria could have done with Abacha’s loot

1. Mass housing scheme

2. Free qualitative education for citizens

3. High quality interstate railway line connecting every city in Nigeria

5. 1, 000, 000 agro-processing plants

6. 100 year 10K allowance for 10m people

Abacha’s Loot: 4 Questions.

1. How much more has been stolen in the post-Abacha years at Fed, st & LG levels?

2. What has been done with the billions already recovered?

3. How many people have been prosecuted for their role in the heist?

4. How could 1 man have stolen so much?

 

Follow @rootstvnigeria on twitter.

Continue Reading
Click to comment

Leave a Reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Hot Read