$480 Million Late General Abacha's Loot Recovered By The U.S.

The United States has recovered the sum of $480 million looted by the late Nigerian dictator general Sani Abacha who became president through a coup in November 1993 and remained in that position until his death in 1998.

Allafrica.com reports that according to a justice department news release on Thursday,  the money represent a portion of the billions of dollars stollen from the Nigeria people by the dictator, his son Mohammed Sani Abacha and their associate Abubakar Atiku Bagudu.

The report says that approximately $303 million are in two banks in the British dependency jersey, $144 million are in two bank accounts in France,  three bank accounts in Britain and Ireland have at least $27 million.

It is a pity that while these stollen funds are being recovered,  the ruling party is preparing the dictator's son and cohort Mohammed Sani Abacha to run for the governorship position in Kano State come 2015.