The Swiss government has concluded plans to return $380 million to Nigeria, which is part of money stashed in Swiss banks by former dictator, Gen. Sani Abacha while he was in power. Geneva prosecutors said yesterday Tuesday March 17th that they ordered the money seized in Luxembourg starting in 2006 and was officially confiscated last year following an agreement between Nigeria and the Abacha family under which FG dropped its case against the deceased dictator's son, Abba Abacha. The $380 million has been placed in several accounts abroad that were controlled by the Abacha family, which is considered a criminal organization, the Prosecutor's office said in a statement.
The money will be returned under the World Bank's supervision.
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