EFCC Launches Probe as $500m Abacha Loot Goes Missing

Where is $500 million recovered from the late Gen. Sani Abacha’s family? 

This is the question the Economic and Financial Crimes Commission (EFCC) is battling to answer.

The cash was recovered from the family of the late Head of State during ex-President Goodluck Jonathan’s administration. 

 

It was repatriated from slush accounts in foreign jurisdictions. 

The foreign governments, which released the loot to the Federal Government after hard negotiations, demanded that the cash be used for concrete developments, including infrastructure, such as roads, water, healthcare and education. 

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