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Newsline: Swiss diplomat pledges to return $321 million to Nigeria

Switzerland has confirmed that 321 million US dollars “stolen” by former head of state Sani Abacha and hidden in Swiss banks will be returned to Nigeria very soon. The information was released by Swiss Ambassador to Nigeria Eric Mayoraz while signing an agreement on criminal matters between Nigeria and Switzerland. He also confirmed that 722 million dollars was effectively repatriated in 2005. According to the Swiss Ambassador, the signing of the agreement will help in eliminating bottlenecks linked to the repatriation. Transparency International estimates that close to $5 billion was stolen during Sani Abacha’s rule.



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