The family and 19 close associates of the late Head of State, General Sani Abacha, have lost their bid to recover $800 million seized by the Federal Government.
 |
| Abba Abacha, son of late military Head of State, General Sani Abacha |
The fund, allegedly looted by Abacha’s family, was recovered by the General Abdulsalami Abubakar – led government.
The family and 19 companies owned by the family had gone to the appellate court seeking to upturn the decision of the Federal High Court Abuja, which dismissed their suit, challenging the constitutionality of the letters written by the Federal Government to governments of some foreign countries.
Justice Suleiman Galadima, who delivered the lead judgment recently at the Supreme Court, threw out the appeal saying it is incompetent and lacking in merit.
The money was recovered by the government from Muhammed Sani Abacha and nineteen (19) other companies between 1999 and 2000.
The companies are Juinin Finance, Savard International, Venfold Investment, Sulgrave Holdings INC, Raw Materials Development and Trading Co. Ltd., Technical Management Service Ltd, Allied Network Ltd and Blue Rock Properties.
Others are Barven Holdings, Olmar Establishment, Peltora Establishment, Glotar establishment, KRH Capital establishment, Kurita Establishment, Tadil Overseas, Rike Limited, Warnbeck Holdings, Arwood Overseas and Larberidge Trading.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
God have mercy!!!!! Kai! haba! What audacity?! What a shame?
ReplyDelete.....Looting Incorporated! Only in Nigeria...so sad.
ReplyDeleteAbacha is not the only one; we have 1,001 of them even worst than Abacha. Some of them are no more in government while some are still serving, busy looting 9ja treasuries as I write. Hold them and get the looted money retrieved.
ReplyDeleteThey got away with not being charged to court for looting, and now they want to keep the loot also. If Abacha had kept every penny paid to him in his service years, would it have gotten to half of this amount? The family is SHAMELESS! I blame our law enforcement agencies for their perennial failure to prosecute those that steal on grand scale. Only little fries get punished.
ReplyDeletebigibung
ReplyDeletehow can a right thinking individual be fighting over stolen money? these people should be arrested for admitting that the stole money belonging to the country. what a country?