UK Recovers Fresh $23M Abacha Loot

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Authorities in the says it has recovered $23,439,724 looted under the regime of Nigeria’s former military ruler, Sani Abacha.

Abacha Loot: UK Recovers Fresh $23M
Abacha Loot: UK Recovers Fresh $23

The National Crime Agency (NCA) of the United Kingdom (UK) disclosed this in a statement on its website on Thursday.

NCA noted that the funds form part of the huge monies identified by the United States Department of Justice (USDOJ) as having been misappropriated by Abacha and his associates.

The UK anti-graft agency said that the funds were recovered after nearly seven years of litigation and international negotiation to obtain a recovery order after a request for recovery by USDOJ.

It added that the funds have now been transferred to the home office for onward transmission to the USDOJ.

Speaking on the development, asset denial senior manager at NCA, Billy Beattie, said the UK is not a safe place for criminals to launder their proceeds of crime.

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

More than twenty years after the Abacha regime, Nigeria is still receiving funds looted by the former ruler and his associates.

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