Court in UK seizes over N70b Abacha loot, see reasons
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Court in UK seizes over N70b Abacha loot, see reasons

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A British Court has seized money laundered by former Military Head of State, General Sani Abacha.
According to reports,  money worth £211,000,000 was seized from a bank in Jersey, Channels Islands by the court.

It was gathered that the said amount was put into accounts held in Jersey by Doraville Properties Corporation, a British Virgin Island company.

Abacha ruled as de facto president between 1993 until his death in 1998., during the period which he laundered money through the United States to the Channels Island.

The Nigerian government will have to come to an agreement with the British Government on the money on how the money should be distributed.

Such money will be put into the Criminal Confiscation Fund, which is used to pay for a variety of projects. In the past the fund has been used for the new police station and developments at La Moye Prison.
It was also gathered that more money held by Doraville is likely to be seized and paid into the Civil Asset Recovery Fund in the future.

‘In restraining the funds at the request of the United States of America, through whose banking system the funds were laundered prior to arriving here, and in achieving the payment of the bulk of the funds into the Civil Asset Recovery Fund, Jersey has once again demonstrated its commitment to tackling international financial crime and money laundering,” Attorney General Robert MacRae said.

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  1. Abed

    June 4, 2019 at 6:44 pm

    The Nigeria National Assembly should enact a law imposing a death penalty on any one found guilty in corruption cases to serve as deterrent to others. If she cannot because they are also guilty of corruption crimes which is a crime against humanity, the United Nations should do that and make member Nations to sign it.

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2019 Poll: Political parties created logistics problems for us -INEC

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INEC Chairman

The Independent National Electoral Commission (INEC) has said that a large number of political parties that participated in the 2019 general elections created a lot of logistics problem for the commission.

Speaking with newsmen in Ilorin, Kwara state’s capital, Mohammed Haruna, the National Commissioner in charge of Kwara, Kogi and Nasarawa States, revealed that there were 799 litigations from the 2019 general elections across the country.

INEC organised a workshop in Kwara to review the 2019 general elections.

According to the National Commissioner, Jigawa had no petition from the election, Kwara had only three petitions and that Imo topped the list with 77 petitions.

Haruna, who further stated that there were over 800 million pre-election cases across the country that arose from political parties’ primary elections said something needed to be done about the numbers of the political parties registered.

“So you can see that with these kinds of problems we had, there is really a need to look at the number of political parties.

“We really need to do something about the 91 political parties, not just the quantity which generally speaking, the public has begun to complain that 93 political parties are on the high side,” he added.

While noting that 76 political parties contested for the Presidential election, he admitted that this was the source of the serious logistics problem that the commission had.

“We underestimated the kind of logistical problem that implied the size of the ballot papers, result sheets and so on.

“By the time these materials started arriving, we realise that it was a huge logistical problem.

“We are lucky, we had the Nigerian Air Force to help with the movement of the materials, they have always been helping us,” Haruna said.

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“Nigerian Universities Are Slow In Discoveries,” Says Buhari

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"Nigerian Universities Are Slow In Discoveries," Says Buhari

“Despite Nigeria independence for over 58 years, Nigerian Universities are slow in discoveries and intervention”

The President of the Federal Republic of Nigeria, Muhammadu Buhari urges Universities across the nation to key into the efforts to be innovative through discoveries in order to help the country development at large, NIGERIA NEWS reports.

However, the Presidential representative and the former deputy Governor of Kano State, Prof. Hazif Abubakar speaks on behalf of the president at the fourth convocation of the Federal University, Dutsinma, FUDMA, Katsina state on Saturday.

Prof. Abubakar states that “Research, critical thinking, moral dispositions, discoveries, and inventions should find natural habitats in our universities, as they do in several other universities in the world.

“Universities are supposed to be strong drivers of the country’s development initiatives for sustainable development.”

“It is not heart-warming that in our over 58 years of independence, Nigerian universities are slow in discoveries and inventions.”

Mr. President said that is administration is bound to perform in the area of creating more structures and facilities across the tertiary institutions in the country. He said training acquisition program would be dispensed through various interventions program.

He also urges that FUDMA and the Sokoto River Basin Development Authority develop a smooth partnership in order to restructure the agricultural sectors and channel out scientific support to the local farmers.

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