The Swiss ambassador to Nigeria, Dr. Hans-Rudolf Hodel, said the United States’ $700 million stashed in Swiss banks by the late military head of state General Sani Abacha has been returned to Nigeria.
Hodel added that Swiss and Nigerian governments have agreed to request the World Bank to participate in the review of the use of the funds on welfare projects.
“Regarding Sani Abacha, Switzerland has restituted and returned $700 million of illicit assets to Nigeria,” he said.
The ambassador said in addition to the return of the funds, Switzerland also funded a project of an NGO network that monitored the use of the recovered monies in the various development projects.
Returned…but to who?! Will only be back in Switzerland under someone else’s name..