Investigators pursuing some US$3 billion of funds stolen by the late General Sani Abacha's regime between 1993-98 have established that the cash was deposited in more than 30 major banks in Britain Germany Switzerland and the United States without any intervention from those countries' financial regulators...
So far two banks in Liechtenstein have been named; Liechtenstein Landesbank the home of the account of Technical Management Services a company 75 per cent owned by Sani Abacha; and Verwaltungs-und Privat Bank (VPB) the location of an account in the name of Raw Materials Development & Trading a company nominally owned by Abacha's son Abba...
He founded the OPC in 1995 and spent 19 months in jail under General Sani Abacha...
The company is linked to some senior officials including Environment Minister Hassan Adamu a kingpin in the present government despite his role as Ambassador to the United States for the late General Sani Abacha's government when he had to fend off US criticism about Abacha's detention of Obasanjo...
Last month in parliament the APRC voted down opposition calls for an inquiry into Jammeh's handling of a 20 000 barrel a day oil market concession granted by Nigeria's military leader General Sani Abacha...
Former agents of the late General Sani Abacha's military regime are on trial for human rights abuses (in son Mohammed Abacha's case for the murder of Kudirat Abiola) the military high command has been reshuffled and the pervasive national corruption declared public enemy number one...
Sani Abacha's concessionary oil sales in 1998...
Vol 41 No 10 |
- UNITED STATES
The late General Sani Abacha's regime in Abuja worked its way through ten different Washington lobbying firms ranging from the well established Barron-Birrell to the obscure JHS group in Chicago...
A more worrying explanation is that the CBN bought back the notes probably during the military regimes of Generals Ibrahim Babangida or Sani Abacha and then gave or on-sold them to favoured allies of the regime who would still be drawing interest on the notes...
We hear reports of abuses similar to the worst under the late General Sani Abacha: the sabotage of refineries to create fuel shortages together with more sophisticated attempts to rig the trade - both imports and exports - in petroleum products...