News - Switzerland

Switzerland To Return $321million Abacha’s Loot

1 week ago /
Nation 

Switzerland announced on Monday that around $321 million public funds looted by former Nigerian military ruler, Sani Abacha will be returned to Nigeria. The money, originally deposited in Luxembourg, was confiscated by a Swiss court in late 2014 and in March last year, the two states signed an agreement on its...

Saraki Expresses Worry Over Return Of Looted Funds

2 weeks ago /
Nation 

Senate president Bukola Saraki is disturbed that Nigeria is finding it difficult to convince other countries to return funds looted from the country. The senate president said the difficulties are as  a result  of the  poor handling of recovered funds; which he reiterated are often stolen again by Nigeria’s anti-graft agencies. Bukola...

EFCC Recovers N738b, Says Magu

1 month ago /
Nation 

The Economic and Financial Crimes Commission (EFCC) on Wednesday in Austria said it recovered loots totalling N738.9 billion or $2.9 billion between May, 2015 and Oct. 20, 2017. Its Acting Chairman, Mr Ibrahim Magu, stated this at the ongoing 7th Session of the Conference of the States Parties to the United...

Nigeria, Switzerland To Sign M.O.U. On Repatriation Of Looted Funds

1 month ago /
Nation 

Nigeria and Switzerland have agreed to sign a memorandum of understanding, M.O.U. to facilitate the repatriation of three hundred and twenty one million dollars Nigerian stolen funds stashed away in Swiss banks. To this end, federal executive council has approved a memo seeking to mandate the minister of justice and attorney...

Abacha Loot: Nigeria Concludes Negotiation With Switzerland On Return Of $321m-AGF

1 month ago /
Nation 

The attorney general of federation and minister of justice,  Abu-Bakr Malami,  has revealed that negotiation with Switzerland on the return of $321million recovered from the late Abacha family had been concluded, adding that Nigeria had recently recovered the sum of eighty-five million us dollars from the controversial Malabu funds from...

FG Recovers $85m Mallabo Money

1 month ago /
Nation 

Nigeria’s minister of Justice Abubakar Malami says the country has recovered eighty-five million dollars from the controversial Mallabo oil deal racket from foreign accounts. Speaking at the pre-global forum on asset recovery  consultative meeting n Abuja, mallami said the feat was a bold step in government’s quest to repatriate the country’s stolen ...

Nigerian Lawyer Zanna Mustapha Wins UN’s Refugees Award

2 months ago /
Nation 

Nigerian lawyer, Zannah Mustapha, has won the UN High Commission for Refugees (UNHCR) 2017 Nansen Refugees Award. the Director, Future Prowess Islamic Foundation School, the first Nigerian Laureate of the award, will be unveiled on Monday in Abuja. UNHCR and the Norwegian Refugees Council said on Monday that Mustapha was chosen as...

 

Our Role In Spending Abacha Loot Was Limited, World Bank Tells SERAP

5 months ago /
Business and Economy  

President of the World Bank, Jim Yong Kim, has insisted that the global financial institution only played a limited role in the spending of loots recovered from the late Military Head of State, Sani Abacha. The bank was responding to a letter from economic watchdog, Socio-Economic Rights and Accoundtability Project (SERAP)...

Ariana Grande Suspends European Concert Tour After Manchester Bombing

6 months ago /
International News 

Shows at London’s O2 Arena among those cancelled after Manchester suicide bombing kills 22.

Super Eagles Move Up To 40th Spot In FIFA Rankings

8 months ago /
Sports  

Nigeria moved up one place from 41st to 40th position in the latest FIFA rankings released on Thursday. In Africa, Nigeria moved two spots up from 7th to 5th. Cameroon slipped a spot down from 32nd to 33rd and third behind Egypt and Senegal on the continent. Algeria slipped 14th places down from...

INEC Fixes February 16 For 2019 Presidential And NASS Elections

9 months ago /
Politics 

The Independent National Electoral Commission (INEC) has fixed Saturday, February 16, as the date for the 2019 presidential and National Assembly elections. INEC also revealed that the governorship/State Assembly/Federal Capital Territory area council elections will hold on Saturday, March 2 of the same year. INEC National Commissioner in charge of south-west, Solomon...

Equatorial Guinea's VP Obiang's Cars Seized In Switzerland

1 year ago /
International News 

Prosecutors in Switzerland have seized luxury cars belonging to the vice-president of Equatorial Guinea, who they are investigating for corruption. Teodorin Obiang Nguema, the son of the country's president, is accused of money laundering. He has not commented. Swiss authorities have seized 11 cars in total. Among them was reportedly a Porsche...

Switzerland Signs Deal With Nigeria To Repatriate Abacha Loot

1 year ago /
International News 

Switzerland on Tuesday announced an agreement with Nigeriato return $321 million (N64 billion) in public funds stolen by the former military ruler Sani Abacha. The deal came after a meeting in Abuja between Vice-President Yemi Osinbajo and a Swiss delegation including the country’s foreign minister and government officials. The two countries said...

 

Donors pledge $250 million to fight Boko Haram

1 year ago /
Nation  Security 

The African Union (AU) Peace and Security Council Chief, Smail Chergui on Monday said that donors at the African Union summit pledged the sum of $250m for the fight against Boko Haram insurgency. Speaking at the close of the AU summit at Addis Ababa, Chergui praised the success of the military...

Zika virus: We’re conducting tests on mosquitoes —FG

1 year ago /
Health  Nation 

As part of preventive measures against possible outbreak of Zika virus, the Federal Government says it has put measures in place to ensure that mosquitoes in the country do not transmit the virus. This is coming as the Director General of the World Health Organisation, WHO, Dr. Margaret Chan is convening...

No Improvement In Corruption Index For Nigeria, South Africa – TI

1 year ago /
International News  Nation 

Despite the ongoing war against corruption being waged by President Muhammadu Buhari, global anti-corruption agency, Transparency International, TI, has retained Nigeria in its 136th position out of the 170 countries in its latest ranking of global corruption perception index. Chairman of TI, Jose Ugaz, who disclosed this yesterday after the anti-...

 

Jonathan will hold world press conference in Geneva tomorrow

1 year ago /

  Former Nigeria president, Goodluck Jonathan will hold a world press conference in Geneva,Switzerland. The press conference, which is expected to take place at 3pm local time, is part of activities lined up by the circle of Diplomats Geneva in honour of the former president.   According to a statement by Guy Mettan, Executive...

Another $300 million Abacha loot to be transferred to Nigeria by switzerland– Minister

1 year ago /
Nation  Politics 

The government of Switzerland is prepared to transfer to the Nigerian government, another $300 million recovered from the family of former military ruler, Sani Abacha, foreign minister, Geoffrey Onyeama, announced Monday. The money is part of an estimated $5 billion stolen and stashed in foreign accounts by the late dictator. Nigeria has...

Barcelona's Luis Enrique named FIFA Coach of the Year

1 year ago /
International News  Sports  

Barcelona coach Luis Enrique has been named FIFA World Coach of the Year for Men's Football after leading Barcelona to a Treble in his first year in charge. Luis Enrique was honoured at the Ballon d'Or ceremony in Zurich on Monday, though the coach was not in attendance. He won the award...

Messi, Neymar, Alves and Iniesta named FIFA FIFPro World XI for 2015

1 year ago /
International News  Sports  

All four made the prestigious team, which was voted on by nearly 25,000 professional footballers from 70 countries Neymar is the only one of the four to be named to the XI for the very first time. The FIFA FIFPro World XI for 2015 was unveiled at the FIFA Gala on Monday...


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