Close to $1bn stolen under Abacha Regime – Buhari
President Muhammadu Buhari has disclosed that close to $1bn was “stolen under a previous, undemocratic junta in the 1990s, though the President did not mention Abacha by name, it was apparent he was referring to the deceased dictator.
He said this in an article published in Newsweek, a United States-based magazine as he expressed appreciation to the “friendly nations” that decided to return the stolen funds.
Buhari, in his article, stated that the country could move forward with road, rail and power station construction, “partly under own resources, thanks to close to $1bn of funds stolen from the people of Nigeria under a previous, undemocratic junta in the 1990s that have now been returned to our country from the US, UK and Switzerland.”
“That the friendly nations agreed to return the funds after so long is a testament to the fact that, with our governance reforms, Nigeria is rightly seen as an increasingly stable and beneficial place to transact and invest, Buhari added.
