Nigeria on track to recover Abacha illegally acquired loot – to invest funds in social projects

Liechtenstein, with banking secrecy laws like its neighbor Switzerland, is seen as an attractive destination for wealth. Nigeria had recovered about US$1.3 billion of Abacha’s money from various European jurisdictions as of last year, with more than a third of that from Switzerland.

Abacha also held money in countries including France, Britain and British offshore centers such as Jersey.

Source: Reuters

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