Another round of loot by ex-Nigerian Military Head of State, Sani Abacha has been recovered. Britain’s National Crime Agency (NCA) says it has recovered more than $23 million stolen from Nigeria by the country’s late military dictator.
Sani Abacha was a Nigerian general who ruled as the military head of state of Nigeria from 1993 until his death in 1998 having seized power on 17 November 1993 in the last successful coup d’etat in the military history of Nigeria.
Transparency International alleged that Abacha stole between US$3 and $5 billion in public money during his time as Nigeria’s ruler.
In May 2020, Nigeria’s Attorney-General, Abubakar Malami, in a statement said approximately $311,797,866.11 of the Abacha loot was repatriated from the US and Jersey.
The recovered fund forms part of a larger pool of funds identified by the U.S. Department of Justice (DOJ) as having been misappropriated by Abacha and his associates, the NCA said in a statement.
Asset Denial Senior Manager at the NCA, Billy Beattie, said “the NCA is committed to ensuring that the UK is not a safe haven for criminals to launder their proceeds of crime, and the civil recovery of assets is a powerful weapon in this fight,”
The $23 million were recovered after seven years of litigation and international negotiation pursued by the NCA, at the request of the DOJ, the statement said. The funds will be transferred to the DOJ.
An NCA spokesperson did not immediately respond to a query about whether the funds would ultimately return to Nigeria. In the past, countries including the United States and Switzerland have repatriated Abacha loot there.
UN investigators concerned over likely ‘future atrocities’ in Ethiopia
United Nations-appointed investigators in Ethiopia Thursday warned about the likelihood of further humanitarian crises in the country.
The UN chief called for continued scrutiny of Addis Ababa’s human rights record as their work faced termination amid strong African-led opposition.
The Ethiopian government and the Tigray People’s Liberation Front (TPLF) in the northern region Tuesday agreed to a permanent truce to cease hostilities following the conclusion of a peace deal brokered by the African Union in South Africa.
Both sides accused one another of crimes against humanity, such as killings, rapes, and arbitrary detentions, but neither admitted to any systematic wrongdoing.
International Commission of Human Rights Experts on Ethiopia, in a report earlier in the week, said there had been attacks by the Eritrean Defense Forces (EDF) against civilians in Tigray that were “grave and ongoing.”
With the ongoing Human Rights Council meeting in Geneva, its two-year term is up for renewal, but no proposal has been made thus far due to what diplomats describe as considerable resistance, particularly from African members
In light of continued violations in the region, Mohamed Chande Othman, the chair of the Commission, warned the 47-member council that it would be “premature” to conclude its work.
“Failure to do so would not only be an abdication of the Council’s responsibility, it would send a devastating message to the victims and survivors of this conflict,” he said.
He told the Council that “…the situation in Ethiopia exhibits most of the indicators for future atrocities…” and accused Ethiopia of conducting “a deliberate effort to evade regional and international scrutiny”.
Meanwhile, Ethiopia’s ambassador, Tsegab Kebebew stated the commission had “grossly mischaracterized the good and largely acclaimed democratic advances in Ethiopia”.
The Tigray Region is the northernmost regional state of Ethiopia. The region is the homeland of the Tigrayan, Irob, and Kunama people.
Mozambique: UK Supreme Court okays suit against Privinvest in London
A United Kingdom’s Supreme Court has ruled that Mozambique can sue shipbuilder, Privinvest in Britain for alleged bribery connected to the $2 billion “tuna bond” scandal.
The ruling on Wednesday, just weeks after a London High Court ruled that the Mozambican President, Filipe Nyusi, cannot be sued in Britain for bribery in his country’s lawsuit against Credit Suisse and others over the $2 billion “tuna bond” scandal.
Mozambique is bringing a lawsuit against Privinvest, its owner, Iskandar Safa, Credit Suisse, and others for government-guaranteed loans raised in 2013 and 2014, hundreds of millions of dollars of which disappeared.
The scandal’s notoriety began with the borrowing of $2.2 billion by three newly formed firms in 2013 and 2014, the majority of which was done without the legislature’s knowledge or authorization. Mozambique alleges that Privinvest and Safa conspired against it and distributed more than $130 million in bribes to dishonest government officials and Credit Suisse employees.
Despite that,the Mozambican government served as a guarantee for the loans, ensuring that it would return the money in the event of a problem.
The “hidden debt” or tuna bond issue has sparked criminal investigations from Maputo to New York, as well as a string of related litigation in London involving Credit Suisse, shipbuilder Privinvest, its owner Iskandar Safa, and many other parties.
Privinvest has suggested that arbitration be used to resolve any disputes with Mozambique. A setback to Mozambique’s attempts to recover the funds it claims it lost came in 2021 when the Court of Appeal ruled in the company’s favour.
But on Wednesday, the Supreme Court unanimously accepted Mozambique’s appeal against that decision, allowing the republic’s allegations against Privinvest to be heard in a trial that would last for months and begin on October 3.
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