The
family and 19 close associates of the late Head of State, General Sani
Abacha, have lost their bid to recover $800 million seized by the
Federal Government.
The fund, allegedly looted by Abacha’s family, was recovered by the General Abdulsalami Abubakar – led government.
The family and 19 companies owned by the family had gone to the
appellate court seeking to upturn the decision of the Federal High Court
Abuja, which dismissed their suit, challenging the constitutionality of
the letters written by the Federal Government to governments of some
foreign countries.
Justice Suleiman Galadima, who delivered the lead judgment recently
at the Supreme Court, threw out the appeal saying it is incompetent and
lacking in merit.
The money was recovered by the government from Muhammed Sani Abacha and nineteen (19) other companies between 1999 and 2000.
The companies are Juinin Finance, Savard International, Venfold
Investment, Sulgrave Holdings INC, Raw Materials Development and Trading
Co. Ltd., Technical Management Service Ltd, Allied Network Ltd and Blue
Rock Properties.
Others are Barven Holdings, Olmar Establishment, Peltora
Establishment, Glotar establishment, KRH Capital establishment, Kurita
Establishment, Tadil Overseas, Rike Limited, Warnbeck Holdings, Arwood
Overseas and Larberidge Trading.
Culled: Channelstv
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