20 years after Abacha’s death, FG battles UK in court to recover another £150M loot

The Nigerian government is locked in a court battle with Britain’s National Crime Agency (NCA) over control of €180 million (£150 million) that was stashed abroad by Nigeria’s former Head of State, late Gen. Sani Abacha. By yesterday’s official exchange rate of the British Pounds Sterling at N563, as seen on the website of the Central Bank of Nigeria (CBN), the money in contention is about N84.5 billion. The United Kingdom’s The Telegraph reported that the case was again poised to spark fresh questions about dirty money flowing through the City of London. In the latest legal tussle over the

Go to Top