Switzerland will reportedly return to Nigeria government about $321m
(£239m) looted by former military ruler, Sani Abacha, following a memorandum of
understanding signed by the two governments.
In a statement, the Swiss government said:
"In accordance with
policy on repayment of national assets taken illegally, Switzerland has agreed
with Nigeria and the World Bank to return nearly $321m for the benefit of the
Nigerian people."
Abacha is suspected to have embezzled $2.2bn from Nigeria's
central bank in what the United States has called "brazen acts of
kleptocracy" during his rule from 1993 until his death in 1998.
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