Nigeria In One Minute

EFCC launches probe as $500m Abacha loot goes missing

Where is $500 million recovered from the late Gen. Sani Abacha’s family?

This is the question the Economic and Financial Crimes Commission (EFCC) is battling to answer.

The cash was recovered from the family of the late Head of State during ex-President Goodluck Jonathan’s administration.

Of the $500million, about $250million was released to the Office of National Security Adviser (ONSA) during the tenure of Col. Sambo Dasuki without appropriation. The balance of $250million cannot be traced yet.

The Nation learnt that detectives discovered that the $250million was illegally withdrawn barely two months to the end of Jonathan’s administration.

Investigators are said to be working on clues that part of the cash was spent on “extraneous matters, including media services, opinion polls and personal matters”.

The Nation, January 19, 2018

 

RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation

Opinions

About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Do NOT follow this link or you will be banned from the site!