The Nigerian government distributed about 322 million dollars to the public, which was smuggled abroad during the former President General Sani Abacha. Abacha was accused of stealing at least $2 billion from the public during his five-year tenure.
David Ugolor, Director of the African Network for Environmental and Economic Justice, said in a statement that 11 million dollars of interest accrued in the place where the money was invested before the return of the money smuggled under General Abacha.
Noting that the 322 million dollars returned from abroad were distributed to 1.9 million Nigerians, Ugolor said, “The returned Abacha booty is over. We are responsible for informing the public and telling them what the money is used for.”
Expressing that some of the money will be returned soon, Ugolor stated that these funds were used for the development project of the country.
‘AFRICA’S GREATEST EYE DICTATOR’
A significant part of the money smuggled abroad by then-President General Abacha in 1993-1998 is kept in Western banks.
Abacha was accused of stealing at least $2 billion from the public during his five-year tenure.
Abacha, who came to power in a military coup on 17 November 1993, is known as the country’s most corrupt leader.
Abacha, who was accused of many human rights violations during his rule, is called Africa’s “most greedy dictator”.
Abacha died of a heart attack on June 8, 1998, in the presidential palace.