Discover and read the best of Twitter Threads about #AbachaLoot

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The Nigeria Sovereign Investment Authority is an investment institution of the federal government with the mandate to drive sustained economic development for the benefit of all Nigerians through...
...building a savings base for the Nigerian people, enhancing the development of Nigeria’s infrastructure and providing stabilisation support in times of economic stress.
Below are highlights of @nsia_nigeria performance for the year 2020:

- Recorded 343% growth in Total Comprehensive Income to N160.06 billion in 2020 (previous year: N36.15 billion).
- Achieved 33% growth in Net Assets to N772.75 billion (previous year: N579.54 billion).
Read 5 tweets
DIARY OF ABACHA'S LOOT

Between November 17, 1993 and June 8, 1998 , during which the late dictator, General Sani Abacha, held Nigeria in his vicious grip, he treated the treasury like a hapless cow being milked to death.....

Credit: USA-AFRICA DIALOGUE.
DIARY OF ABACHA'S LOOT

... Abacha was not contented with raping the country through kickbacks from inflated contracts. He dipped his hands into the vaults of @cenbank where the strong currencies of the United States of America and British held out great attraction for him.
DIARY OF ABACHA'S LOOT

....On March 25, 1994 alone, Abacha stole $37.6 million from the CBN.

Ismaila Gwarzo, his NSA, was his main pointsman in looting @cenbank
Gwarzo told a Special Investigation Panel, SIP, set up by the OBJ regime that he sent his special assistant to...
Read 23 tweets
Abacha Loot: Despite outcry, FG secretly pays Malami’s lawyers ‘dubious’ $15m fees | TheCable bit.ly/2BhbmZW
Oladipo Okpeseyi and Temitope Adebayo, two #Nigerian lawyers hired for the return of $321 million #Abachaloot from #Switzerland, have been secretly paid their controversial fees, TheCable can report. bit.ly/2BhbmZW via @thecableng
TheCable had sent a freedom of information (FOI) request to Abubakar Malami, the attorney-general of the federation (AGF), requesting for the various agreements that were signed with the Abacha family, the Swiss lawyer and the Nigerian solicitors by his office.
Read 13 tweets
I had already seen your article on Premium Times. You sure made me laugh as you tried real hard to sound technical while responding to Prof. Osinbajo. Your article is less than watery, if there's anything like that, and I will show you why. Stay with me.
The issue 'of "geographical restructuring" isn't a new/vague concept created by Prof. Osinbajo. In his response earlier today. He explained it as creation of states, or going back to regionalism. He even cited the 2014 confab report that recommended the creation of 18 more states
which would obviously lead to more administrative costs.

How you, @atiku, ignored that and claimed that Prof. was vague with the "geographical restructuring" concept is beyond me.
Read 17 tweets

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