‘Abacha Never Stole’ – Buhari, ‘I Recovered N287 Billion Abacha Loot’ –...

‘Abacha Never Stole’ – Buhari, ‘I Recovered N287 Billion Abacha Loot’ – Obasanjo (DETAILS)

By Wires | The Trent on September 14, 2015
Obasanjo, Former President, Nigeria, Buhari
Former President Olusegun Obasanjo

Contrary to claims by President Muhammadu Buhari that former Head of State, the late General Sani Abacha never stole, former President Olusegun Obasanjo has revealed that he left over N287 billion in the national treasury, made up of $2 billion, £100 million and N10 billion in cash and property, being the loot recovered from the late dictator, General Sani Abacha.

According to Obasanjo, the funds were paid into the treasury through the Central Bank of Nigeria before he handed over power to the late Umar Musa Yar’Auda on May 29, 2007.

Obasanjo’s disclosure was contained in the Vol. II of his memoir, My Watch and reviewed by Punch.


On the memoir, Obasanjo disclosed, “In total, by the time I left government in May 2007, over $2 billion and £100 million had been recovered from the Abacha family abroad, and well over N10 billion in cash and properties locally. All were paid to the public treasury through the Central Bank.

“Enrico (Monfrini, a Swiss lawyer) told me by the time I left government that if he continued to get support for his work, there was still about $1bn he believed he could still recover from the Abacha family and cronies.”

The former President claimed that there was a time he got a report that £3 million cash was seized from an agent of the late military dictator by customs officials at an airport in UK and that the British authorities asked the Nigerian government to prove ownership of the money.

“I went to London to have a meeting on another important issue with (former British Prime Minister) Tony Blair and I took the opportunity to raise the issue of the £3 million, using the Yoruba anecdote of the thief who stole palm oil from the ceiling cupboard by getting somebody to help him so as not to spill the red palm oil on himself or the floor. The man who assisted became an accomplice. Tony got the message and the £3 million was released to Nigeria the following day,” Obasanjo explained.

Read More


  1. Buhari’s statement is presidential. Why should anyone – whether former President or not – contradict him. A President of Northern origin cannot do any wrong. PERIOD.

  2. A 2 times Head of state Gen Obasunjo himself said, i recovered Abacha’s loots raging to over $280m & could have recovered a $1bln of the man’s loot if they’ve perhaps given me third term, & a sitting President in the person of Gen Buhari is saying no he Abacha didn’t loot any money he’s a sai because he’s a Northerner, & here is the same president going after every Chukwuemeka, Chibuzor & Ifeanyichukwu he sees at the airport with $5000 to go & do petty trade at China, arresting them & stealing their Dollars, & the World is watching in silence & wanting me to continue answering a Nigerian, No, it is a curse to be called a Nigerian, I AM A BIAFRAN & that will forever & ever BE. Free BIAFRA now.

  3. Everyone, even up to d age of 4, knows about Abacha’s loot, for Buhari to come up now to tell us Abacha never stole, leaves so much to be desired. I never believd in one Nigeria, not even for a day.

  4. Buhari is tribalism in his fight against corruption. Upon all Abacha he Buhari com up on air to say Abacha never stole. Because is a northerner. BIAFRA should stay alone from this northern liars.

Leave a Comment

To leave a comment anonymously, simple write your thoughts in the comments box below and click the ‘post comment’ button.