London Police Arrest Two With 20m Pounds Abacha Money

The last is yet to be heard about looted funds traced to ex- Head of State, Gen. Sani Abacha, as £20m(N5.12billion) laundered through some lawyers in Britain is being probed.
Two suspects, including a former Attorney-General of Kogi State, have been arrested in London in connection with the loot
The two suspects, who were trying to convert a 1994 CBN Traveller’s Cheque worth £2,000 at Travelex are undergoing interrogation in London.
Upon a search in the suspects’ hotel in London, it was gathered, about £78,000 traveller’s cheque was found on them.
There were indications that the UK Police may invoke the Mutual Legal Assistance to seek the extradition of Mohammed Sanni, who is allegedly linked to the probe.
A source said: “The arrest of two Nigerian suspects (including a former Attorney-General of Kogi State) has triggered the latest round of investigation.
“With the £20million loot in their care, they decided to test the waters with £80,000. So, the two suspects took £2,000 Traveller’s Cheque purchased by the CBN in 1994 to Travelex to get some cash but the desk officers were suspicious because of the time frame.
“The attendants alerted security agencies who arrested the suspects and later searched their hotel room where additional £78,000 worth of traveler’s cheque was found.
“The security agencies are working on the suspicion that the suspects were on a laundering mission in the UK as part of moves to repatriate the alleged £20million stashed by the late Head of State.”
The Press Bureau of the Metropolitan Police last night said: “We have contacted officers to get any details of this incident. We will reply in due course as and when we have them.”
The Abachas were alleged to have laundered about $3billion cash.
The Federal Government has so far recovered more than $2.550billion.
The government is trying to trace the whereabouts of $450million hidden in many countries.
A Federal Government counsel on repatriation of Abacha loot, Mr. Tim Daniel, had said about $2.550billion of $3billion had been so far recovered by the Federal Government from the late Abacha’s accounts and his family.
He gave the breakdown as follows: voluntary surrender ($750m); Switzerland ($570m); Jersey ($380m); UK($150m); Luxembourg ($300m); and Liechtenstein ($400m).
A few months after the 13th year anniversary of Abacha’s death, the Federal Government recovered£22.5m (N6.18billion) loot which the late Head of State, allegedly stashed in Jersey.

The £20million being investigated is alleged to be part of the outstanding $450million

CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

6 Comments

  1. Where is the recovered money is thesame goverment official that will still convert it to their account.

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  2. Why Abacha do they want to tell us that now government official are not looting our money ang taking it to thesame place is becouse Abacha is gone that why these white people are exporsing him

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  3. Don't mind them they'r all fools even d money they discovered would not hv any benefit 2 us, they always fight 4 their pocket.

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  4. Hmmmm,the prove of the pudding is in the eaten

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  5. Before this nation will be good all this top officials need to be killed all of them if not this nation will neve go well just see that

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  6. I think there is some else there that have the same view as me.Theses top officials should be eliminated and we take it from there by allowing the new generation revamp Nigeria. This is a case of thief catch thief.

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