Home Business Economy Swiss Govt Paid $322m Abacha Funds Into Special CBN Account In 2017!-says Adeosun
Economy

Swiss Govt Paid $322m Abacha Funds Into Special CBN Account In 2017!-says Adeosun

Share
Share

The attention of the Honourable Minister of Finance, Mrs. Kemi Adeosun, has been drawn to false media reports of a “strongly-worded letter to the President” objecting to the payment of $16.9 million fees to two lawyers for the recovery of Abacha funds.

The Minister wishes to dissociate herself and the Federal Ministry of Finance from recent malicious and misleading media reports on the Abacha refunds. The Minister had at no time written any letter to the President or any member of the Federal Executive Council (FEC) on the payment of lawyers for the Abacha recovery.

She also refuted the flawed media reports of controversy surrounding the Abacha recovery, disclosing that the sum of US$322,515,931.83 was received into a Special Account in the Central Bank of Nigeria on December 18, 2017 from the Swiss Government.

For the avoidance of doubt, there is no controversy concerning the recovery of the Abacha monies from the Swiss Government.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Iceland Lauds Nigeria’s Ongoing Economic Reforms

Iceland Honorary Consul to Nigeria has applauded the ongoing economic reforms being...

Nigeria, Malaysia To Sign MoU On Palm Biomass Development

The National Palm Produce Association of Nigeria (NPPAN) says the Federal Government...

Report Projects Global Economic Slowdown To 2.4% In 2024

The global Gross Domestic Product (GDP) growth is projected to slow from...

US$1.5 Trillion Blue Economy Potential Untapped In Africa

The Blue Economy – sustainable economic activity around the world’s oceans –...