The Swiss foreign minister, Didier Burkhalter, on Tuesday, March 8, 2016, told newsmen that his country and Nigeria has signed an agreement that will make way for the release of the $321m Abacha loot.
Burkhalter said part of the agreement was that the funds will be used to implement projects that will benefit Nigerians.
He said “It is $321m that we are looking at repatriating to Nigeria and the modalities are basically legal framework for that, mutual legal assistance framework that we are trying to put in place and there are pre-conditions that are also in place already and this requires monitoring mechanism.
“So, we have to agree beforehand as a pre-condition on what the money would be used for and the World Bank would be part of the monitoring process to ensure that the money is used for the benefit of Nigerian people.”
The Swiss diplomat also said his country will continue to help Nigeria cater for the Internally Displaced Persons (IDPs) in the North.
The Minister of Foreign Affairs, Geoffery Onyeama also revealed that the mode of repatriation is still being worked on.
General Sani Abacha was Nigeria’s military Head of State from 1993 to 1998
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