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THE GOVERNMENT OF THE FEDERAL REPUBLIC OF NIGERIA THE SWISS FEDERAL COUNCIL AND THE INTERNATIONAL DEVELOPMENT ASSOCIATION WORLD BANK 2017
By a Forfeiture Order dated 11th December 2014, approximately Three Hundred Twenty-One Million United States Dollars (USD 321,000,000) of funds illicitly acquired by the late General Sani Abacha family which was initially deposited in Luxembourg was confiscated by the Judiciary Office of the Public Prosecutor of the Republic and Canton of Geneva. Following the request for repatriation by the Federal Republic of Nigeria and negotiations between the governments, an agreement was reached and a Memorandum of Understanding was signed on 4th December, 2017.the Funds were used to support a program of Targeted Cash Transfers under the National Social Safety Net Project.