$1 BILLION dollars Abacha loot vanishes in USA

President Barack Hussein Obama has nine days left before he vacates the white House.

During the first months of PMB’s administration, Obama had postured himself as a fried to Nigerians and PMB.

The cookie pie started crumbling when Obama surreptitiously blocked Nigeria’s planned purchase of weapons.

President Buhari then made another move for the returning of recovered Abacha loot. Obama blocked it.

The presidency has since reacted to the new development.

The SSA to the President on Foreign Affairs and Diaspora, Abike Dabiri-Erewa, also reacted to the development.

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“America has over 400 million dollars that have been officially recovered as stolen funds from Nigeria.

“But America is keeping the funds. They are telling us about technicalities.

“They are saying we recovered the money doesn’t mean we can return it.

“We want every Nigerian in Diaspora and friends of Nigeria to demand that every of our stolen but recovered money returned to Nigeria.

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“The person who steals is a criminal; the person who keeps known stolen funds is also liable.

“You can’t give us aid of one billion dollars and keep one billion dollars of funds you have recovered from Nigeria.

“So we will embark on an advocacy with Nigerians outside the world to appeal to these nations to return what belongs to Nigeria,” she said.

Prof. Itse Sagay, Chairman, Presidential Advisory Committee Against Corruption (PACAC), also reacted to the issue.

Sagay said Nigeria risks losing another $550 million recovered from the Abacha family to the United States.

“Nigeria presently stands to lose another S550 million recovered from the Abacha family to the U.S.

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“This is contrary to the earlier promise by the U.S. to return same to Nigeria,” he said.

Sagay said the amount is different from an $480 million Nigeria forfeited to the U.S. following a court ruling in August 2014.

He said the USA has introduced very stringent conditions to repatriating the funds.