• About Us
  • Privacy Policy
  • Terms of Use
  • Breaking News
  • Explainers
  • Listen Live
Tuesday, June 16, 2026
Citinewsroom - Comprehensive News in Ghana
Advertisement
  • Home
  • News
    • Regional News
      • Ahafo Region
      • Ashanti Region
      • Bono East Region
      • Bono Region
      • Central Region
      • Eastern Region
      • Greater Accra Region
      • Northern Region
      • North East Region
      • Oti Region
      • Savanna Region
      • Upper East Region
      • Upper West Region
      • Volta Region
      • Western Region
      • Western North Region
  • Sports
    • World Cup
  • Politics
  • Business
  • Entertainment
  • Articles
  • Explainers
  • Editorials
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
    • Regional News
      • Ahafo Region
      • Ashanti Region
      • Bono East Region
      • Bono Region
      • Central Region
      • Eastern Region
      • Greater Accra Region
      • Northern Region
      • North East Region
      • Oti Region
      • Savanna Region
      • Upper East Region
      • Upper West Region
      • Volta Region
      • Western Region
      • Western North Region
  • Sports
    • World Cup
  • Politics
  • Business
  • Entertainment
  • Articles
  • Explainers
  • Editorials
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

US agrees to return Abacha’s $300m loot to Nigeria

February 4, 2020
in International
The late ruler is suspected to have embezzled about $2.2bn from Nigeria's central bank
ShareShareShareShare

The United States has agreed to repatriate over $300m worth of assets to Nigeria.

According to the US department of justice, the property was stolen by former Nigerian military leader, Sani Abacha and was forfeited following a 2014 complaint.

This alleged that Mr Abacha and his associates embezzled billions from the government of Nigeria, then laundered the money through US financial institutions and by buying American bonds.

The repatriation of the money is part of an agreement between the US, Jersey and Nigeria.

The funds will be used to support three infrastructure projects, including an expressway in the south-west, a road in the north and a bridge in central Nigeria.

Nigeria’s department of justice says it’s still trying to recover an additional $174m dollars from the UK and France.

Mr Abacha came into power through a military coup in 1993 and led the country until his death in 1998.

Source: BBC
Tags: Abacha
Previous Post

Ghana will progress if right values are instilled in children – Lead Afrique Co-founder

Next Post

I’m being treated unfairly – Former NCA boss laments in court

Next Post
William Tevie, former Director-General of the National Communication Authority (NCA)

I'm being treated unfairly - Former NCA boss laments in court

ADVERTISEMENT
Citinewsroom - Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Privacy Policy
  • Terms of Use
  • Breaking News
  • Explainers
  • Listen Live

© 2024 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
    • Regional News
      • Ahafo Region
      • Ashanti Region
      • Bono East Region
      • Bono Region
      • Central Region
      • Eastern Region
      • Greater Accra Region
      • Northern Region
      • North East Region
      • Oti Region
      • Savanna Region
      • Upper East Region
      • Upper West Region
      • Volta Region
      • Western Region
      • Western North Region
  • Sports
    • World Cup
  • Politics
  • Business
  • Entertainment
  • Articles
  • Explainers
  • Editorials

© 2024 All Rights Reserved Citi Newsroom.