Abacha Loot: Kemi Adeosun dismisses reports Nigeria received $322m, paid lawyers

…Says no controversy on Abacha funds recovery

Nigeria’s Finance Minister Kemi Adeosun has dismissed reports that Nigeria has received over $322 million Abacha loot from Switzerland

Nigeria’s Finance Minister, Kemi Adeosun has dismissed reports in some quarters that the Nigerian government received $300 million of late General Sani Abacha’s loot.

She also rejected claims that the Finance Minstry paid monies to lawyers for securing the funds.



Oluyinka Akintunde, special adviser Media and Communications said in a statement that “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.

He noted that, “The Minister wishes to dissociate herself and the Federal Ministry of Finance from recent malicious and misleading media reports on the Abacha refunds.

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“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,” Adeosun said.

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