The Government of Switzerland has said it has returned to
the Nigerian government about $700m, stashed in Swiss banks and traced
to the late military Head of State, General Sani Abacha.
Ambassador of Switzerland to Nigeria, Dr. Hans-Rudolf Hodel, stated this in Abuja at a press briefing on Monday ahead of a two-day seminar on Anti-Money Laundering and Combating Financing of Terrorism.
He, however, added that the Swiss government would be ready to reopen the case if Nigeria presented fresh evidence of any monies still being held in any bank in the European nation.
“Switzerland and Nigeria agreed to request the World Bank to participate in the review of the use of funds, in the framework of a budget control process of various welfare projects,” he said.
Hodel, who maintained that Switzerland had no interest in withholding illicit funds, explained that his country had returned about $1.7bn to the where the money was stolen in the last 15 years.
Ambassador of Switzerland to Nigeria, Dr. Hans-Rudolf Hodel, stated this in Abuja at a press briefing on Monday ahead of a two-day seminar on Anti-Money Laundering and Combating Financing of Terrorism.
He, however, added that the Swiss government would be ready to reopen the case if Nigeria presented fresh evidence of any monies still being held in any bank in the European nation.
“Switzerland and Nigeria agreed to request the World Bank to participate in the review of the use of funds, in the framework of a budget control process of various welfare projects,” he said.
Hodel, who maintained that Switzerland had no interest in withholding illicit funds, explained that his country had returned about $1.7bn to the where the money was stolen in the last 15 years.
- Simon DonSim Yahya, Nwigwe Ogochukwu Anne, Youngmoney Ojo Olusegun and 2 others like this.
- Jesse Osayande-Vucinic Ehiagwina Stupid Switzerland. When them suppose keep the money to continue to make their country big wella. Now we wont know where this money disappears to like others wey dey always grow leg waka comot for vault by themself.
- Felix Macauley They will just be announcing it but they will not say anything again about...no trace of money 'apia way'.. Only JESUS CHRIST that can Save naija...
- Praise Oyewole Hmmmnn! It is already in some people's acct by now, I bet u. Ole gbe Ole gba. Up Nija!!!
- Paul Tunde na wa oo , dat moni nw if dy collect am , were dy go put am, na d head we go see d end we no go see am nija 4 u ooo