Connect with us

Asonaija

BREAKING: Uk Government Recovers $23m Abacha Loot

NEWS

BREAKING: Uk Government Recovers $23m Abacha Loot

BREAKING: Uk Government Recovers $23m Abacha Loot

The UK government has recovered a whopping $23M from Late General Sani Abacha’s loot.

About $23.5 million in loot from the allies and family of the late Nigerian dictator, Sani Abacha, has been recovered by Britain’s National Crime Agency (NCA).

NCA, says the stolen funds were recovered after USDOJ sought to enforce a US forfeiture order on the seized funds after nearly seven years of international litigation and negotiations to obtain the order. restored, further revealing that it was part of a larger pool of funds identified by the US Department of Justice (USDOJ) as having been stolen from Nigeria by Mr. Abacha and his associates in the 1990s.

A statement shared on the UK Crime Agency website on Thursday 5 May also revealed that the funds have now gone to the UK Home Office for forwarding to the USDOJ.

Billy Beattie, senior director of asset denial at the NCA, says civilian asset recovery is a powerful weapon in the fight against corruption. The official also added that the NCA is committed to ensuring that the UK is not a haven for criminals to launder the proceeds of crime.

Statement added;

“The NCA is committed to ensuring that the UK is not a haven for criminals to launder their proceeds of crime, and the civil recovery of assets is a powerful weapon in this fight.

“We work closely with the UK and international partners to tackle the threat posed by corruption, which disproportionately impacts the poorest and most vulnerable members of society.

“We are committed to ensuring that those who perpetrate corruption do not benefit from their actions.”

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published.

More in NEWS

To Top