TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Public fury as FG renames Abacha loot as assets

The Citizen by The Citizen
May 7 2020
in Financial Crimes, Headlines
A A
0
Public fury as FG renames Abacha loot as assets

The usage of “assets” instead of “loots” to describe funds recently recovered from the former Head of State, General Sani Abacha and returned by the United States, has courted the indignation of many Nigerians.

The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), had taken to his Twitter account, @MalamiSan, on Monday to confirm the receipt of the fund.

“I am happy to confirm that the Federal Republic of Nigeria on Monday 4th May, 2020 received $311,797,866.11 of the Abacha assets repatriated from the United States and the Bailiwick of Jersey,” Malami had tweeted.

Reacting to this, Lagos businessman and politician, Babatunde Olatere Gbadamosi (@BOGbadamosi) replied, “Abacha ‘assets’ or Abacha loot? Call it what it is, or tell us how that money became his ‘assets’.”

“If truly you are happy and you have also confirmed the money is Abacha’s asset. Then the money should be returned to his family or you tell Nigerians the truth that our money stolen by Abacha has been returned to us,” another user, Proudly Esan (@Angela201045315), wrote under the AGF’s tweet.

Bid Ibeobi replied, “Calling it Abacha loot is tantamount to committing political suicide. Till this date his paymaster is still living in denial.”

Aye Mojubar (@ayemojubar) said, “This statement has been written the sand of time and engraved on the granite of eternity, and each time people mention Abacha now or in the future, you will always be remembered for tagging a stolen money ‘Abacha assets’”.

Suleiman Abubakar asked, “How can anyone with a modicum of common sense and decency call our stolen funds Abacha assets? What was Abacha’s legitimate salaries as a military General? Those salaries are his assets, anything above those earnings is theft and stealing from the National treasury and is a loot.”

OjaSankara tweeted: “Lol no be only Abacha assets, Abacha’s loot dey fear you to talk? Talk am I dey here nobody go do you anything. Call it what it is, LOOT! Buhari’s Boss and Friend was a LOOTER!”

The tweet by the AGF, which as of 6:30pm May 5 has garnered 1,300 Retweets and 4,100 Likes, continued to generate controversies.

However, reacting to the furore the tweet is generating, the AGF in a statement on Wednesday advised Nigerians to “look beyond verbal dexterity and vocal acrobatics, and focus more on effective utilisation of the recovered looted funds in accordance with the content of the signed tripartite agreement in the interest of the Nigerian public.

In the statement by his media aide, Dr Umar Gwandu, Malami said during the course of negotiations for the repatriation of the funds, he had always referred to the funds as Abacha loot, adding that calling it assets is not unusual.

“It may interest the general public to note that there is a unit called Assets Recovery and Management Unit (ARMU) at the Office of the Attorney-General of the Federation and Minister of Justice,” the statement read.

“The use of the word ‘assets’ in relation to the post-recovery of looted assets is to qualify the same as Federal Government assets.

“It is palpable that news about the successful return of the looted assets has brought nightmares to nay-sayers and pessimists who wanted to frustrate the repatriation process through a campaign of calumny. Hence, resorting to rhetoric instead of burying the heads in shame.

“The return of the looted funds demonstrates not only commendable efforts of the present government but also a pointer to the level of confidence, trust and respect the international community accorded the Buhari-led Federal Government.”

A human rights activist, Barrister Inibehe Effiong, said, that the explanation of the choice of word by the AGF is not satisfactory.

“It is astonishing that Mr. Malami referred to Nigerian money stolen from the country as “assets”.

“The word asset presupposes that the late dictator invested the funds and the Buhari administration is now getting a return on the investment,” he said.

The Lagos-based lawyer said he disagreed with the choice of word by the AGF, adding that “It is an abuse of language to refer to Abacha loot as assets.

“Mr. Malami’s choice of words may be an indication of his affectionate disposition towards the late dictator.”

“Language is important in interpreting historical events. We should not resort to insensitive euphemism when describing the atrocities of past leaders,” he added. – Daily Trust.

Previous Post

Fed Govt, States set to feed schoolchildren at home

Next Post

Governors warn police, others to stop violation of ban on interstate movements

Related Posts

INEC to conduct mock presidential election
Headlines

INEC to conduct mock presidential election

September 3 2026
DSS bans operatives from arresting people over civil matters
Headlines

DSS bans operatives from arresting people over civil matters

September 3 2026
‘Fake’ Agency: Adeyemi insists DG appointment genuine
Financial Crimes

Reps panel traces 58 bank accounts, 12 entities, 39 workers to fake PFIPC DG

September 2 2026
EFCC summons ex-Gov. Sylva over alleged $14.86m fraud
Financial Crimes

EFCC summons ex-Gov. Sylva over alleged $14.86m fraud

September 1 2026
G100: Atiku, Obi, Makinde absent as opposition groups, Reps caucus chart path to 2027
Headlines

G100: Atiku, Obi, Makinde absent as opposition groups, Reps caucus chart path to 2027

September 1 2026
Military rescues 15 NYSC members, six others in Kogi forest operation
Headlines

Military rescues 15 NYSC members, six others in Kogi forest operation

September 1 2026
Next Post
Governors warn police, others to stop violation of ban on interstate movements

Governors warn police, others to stop violation of ban on interstate movements

COVID-19: Four doctors, 18 nurses, others test positive in Bauchi, Kano

COVID-19: Four doctors, 18 nurses, others test positive in Bauchi, Kano

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

by The Editor
August 24 2026
0

...

APPOINTMENTS

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

Tinubu names new Head of Service

Tinubu names new Head of Service

by The Editor
August 19 2026
0

...

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

by The Editor
August 8 2026
0

...

Police IG deploys new CPs to eight states, other formations

Police IG deploys new CPs to eight states, other formations

by The Editor
August 7 2026
0

...

ODDITIES

Palliatives: Sokoto residents feared dead in stampede at Wammako’s residence

Police Inspector slumps, dies after fitness exercise

by The Editor
September 3 2026
0

How friend deceived me to sell my kidney, bought phones with payment — Victim

How friend deceived me to sell my kidney, bought phones with payment — Victim

by The Editor
August 30 2026
0

Umahi files N2.5b defamation lawsuit against bloggers

Umahi files N2.5b defamation lawsuit against bloggers

by The Editor
August 26 2026
0

GLOBAL NEWS

Iran President thanks Putin for Russia’s stance in war with US

Iran President thanks Putin for Russia’s stance in war with US

by The Editor
September 1 2026
0

...

Saudi Arabia halts multiple visas for Nigeria, 13 others as U.S. suspends visa dropbox

US outlines two family visa options for permanent residence

by The Editor
September 1 2026
0

...

US Army Secretary submits resignation

US Army Secretary submits resignation

by The Editor
September 1 2026
0

...

Russia helps Niger Republic junta to retake military base

Russia helps Niger Republic junta to retake military base

by The Editor
August 30 2026
0

...

WHO declares global health emergency over Ebola outbreak in Congo, Uganda

WHO confirms Uganda Ebola-free, as virus continues spread in DRC

by The Editor
August 28 2026
0

...

State of the States

Fubara orders fresh LG elections in Rivers State

Fubara signs N1.84tt Rivers 2026 budget into law

by The Editor
September 3 2026
0

...

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

by The Editor
September 2 2026
0

...

Gov. Mutfwang convenes security council over Plateau attacks

Gov. Mutfwang convenes security council over Plateau attacks

by The Editor
September 2 2026
0

...

Enugu govt gets commendation for successful hosting of 2nd City Marathon

Enugu govt gets commendation for successful hosting of 2nd City Marathon

by The Editor
September 1 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Police slam treasonable felony charge on Katsina man for destroying Tinubu’s billboards

Police slam treasonable felony charge on Katsina man for destroying Tinubu’s billboards

September 3 2026
INEC to conduct mock presidential election

INEC to conduct mock presidential election

September 3 2026
Palliatives: Sokoto residents feared dead in stampede at Wammako’s residence

Police Inspector slumps, dies after fitness exercise

September 3 2026
FAAC shares N2.09tr to FG, states, local councils as October revenue

FAAC bonanza: Nigeria’s fiscal paradox – Punch

September 3 2026

EDITORIAL REVIEW

FAAC shares N2.09tr to FG, states, local councils as October revenue

FAAC bonanza: Nigeria’s fiscal paradox – Punch

by The Editor
September 3 2026
0

Interstate highways of agony, hollow excuses – Punch

Interstate highways of agony, hollow excuses – Punch

by The Editor
September 1 2026
0

Mass presence of governors in off-cycle elections – Punch

Mass presence of governors in off-cycle elections – Punch

by The Editor
August 27 2026
0

Clerics must preach peace, not division – Punch

Clerics must preach peace, not division – Punch

by The Editor
August 25 2026
0

Tax reform: Northern senators in closed-door meeting as bill scales second reading

Tax reform must end multiple taxation – Punch

by The Editor
August 24 2026
0

Opinion

 Akpakomiza and other stories

by The Editor
September 1 2026
0

...

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Adeleke’s win and the cost of winning at all costs

Adeleke’s win and the cost of winning at all costs

by The Editor
August 18 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.