Switzerland will return to Nigeria some $380 million (360 million euros) linked to ex-dictator Sani Abacha, Geneva’s public prosecutor said Tuesday, adding that it was closing a 16-year case on the funds, pointbanlknews.com reports.
Abacha ruled oil-rich Nigeria with an iron fist from 1993 until he died in 1998. The economy grew under his rule, though he was seen as extremely corrupt and faced criticism over his human rights abuses in the oil-rich nation.
The decision to return the funds follows a July 2014 deal between Nigeria and the Abacha family. Under the agreement, the funds would be confiscated and returned to Nigeria, while Abuja would drop its case against the deceased dictator’s son Abba Abacha. The $380 million had been placed in several accounts abroad that were controlled by the Abacha family, which is considered a criminal
organisation, the Geneva prosecutors’ office said in a statement.
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