Okonjo-Iweala laments Liechtenstein’s attitude on €185m Abacha loot

Adeneye Tunji | Monday, October 14, 2013 | 0 comments

At the conclusion of the 2013 World Bank annual meeting, yesterday, in Washington, Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, lamented that Liechttenstein has continued to frustrate efforts by Nigeria to recover €185 million popularly called Abacha loot, after 14 years.
She said that the World Bank had agreed to help monitor how the recovered fund is spent. Okonjo-Iweala
She said: “There have been several hurdles put in Nigeria’s way in the central European nation’s courts by the Shell companies or their representatives, challenging every step, and the World Bank has offered to help ensure that the recovered funds are judiciously utilised for the good of Nigerians.”
Okonjo-Iweala, who was fielding questions on the sidelines of the 2013 annual meetings of the World Bank and the International Monetary Fund, said “it has gone to a stage where the courts in Liechtenstein have now litigated and said it should be returned.”

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