Minister of Foreign Affairs, Geoffrey Onyeama says the Federal
government is in the talks with the Swiss government for the release of
another $300 million Abacha loot stashed in some Swiss banks. Onyeama
said this while speaking at the inaugural ceremony of the 22nd regular
course of Foreign Service Academy in Abuja yesterday January 11th.
“Nigeria recently recovered a huge amount of money from the government
of Switzerland. I met with Switzerland representatives last week to work
out the modalities for the recovering of these funds. So far Nigeria
has recovered over $700 million, and there are ongoing negotiations on
how that money would be applied. Discussion is also ongoing to recover
another $300 million.”he said
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