• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News General

‘It’s loot’ Nigerians slam FG for calling repatriated money Abacha assets

Freelanews by Freelanews
May 8, 2020
in General
0 0
0
SaniAbacha

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.

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.

— Abubakar Malami, SAN (@MalamiSan) May 4, 2020

https://platform.twitter.com/widgets.js

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’.”

perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

“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.

Focus on fund utilisation, not rhetoric – Malami

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.”

Choice of word an abuse of language – Lawyer

A human rights activist, Barrister Inibehe Effiong, told Daily Trust, 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.

freelanews
Freelanews

Freelanews is a potpourri of news, entertainment, business, events and photos. This is no fake news.

Related Posts

Minister defends passport fee increase in Nigeria
General

Minister justifies passport fee hike

by Quadri Olaitan
September 28, 2024
versed ascap podcast logo 2019 billboard 1548
General

ASCAP Launches New Podcast to Educate Music Creators

by Freelanews
December 6, 2019
Matawalle 750x375 4
General

‘Defection drama’ APC extends registration as Matawalle set to join party

by Freelanews
April 2, 2021
MOMPHA PS
General

Nigerian billionaire, Mompha, gifts newly produced Iphone 13 worth N1M to children (Video)

by Freelanews
September 25, 2021
Nigeria
General

Nigeria qualifies for 2026 FIFAe Nations League

by Quadri Olaitan
February 27, 2026

Leave a Reply Cancel reply

Your email address will not be published.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

ADVERTISEMENT

Recent News

Nigerian Navy

Nigerian Navy recovers 1,600 litres illegal fuel in Rivers raid

May 10, 2026
Barcelona

Barcelona eye historic title win against Madrid

May 10, 2026
CUSTECH

CUSTECH expels four students over alleged lesbianism, misconduct

May 10, 2026
WhatsApp Image 2026 05 10 at 11.51.49

Rotary International honours ex-Nestlé MD Osunkeye for polio eradication efforts

May 10, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Nigerian Navy

Nigerian Navy recovers 1,600 litres illegal fuel in Rivers raid

May 10, 2026
Barcelona

Barcelona eye historic title win against Madrid

May 10, 2026
CUSTECH

CUSTECH expels four students over alleged lesbianism, misconduct

May 10, 2026
WhatsApp Image 2026 05 10 at 11.51.49

Rotary International honours ex-Nestlé MD Osunkeye for polio eradication efforts

May 10, 2026
May 2026
SMTWTFS
 12
3456789
10111213141516
17181920212223
24252627282930
31 
« Apr    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Cindy Oshodi

    TikToker Cindy Oshodi faces backlash over leaked clip

    0 shares
    Share 0 Tweet 0
  • Chief Julius Johnson-Agiri laid to rest in grand royal style at 88

    0 shares
    Share 0 Tweet 0
  • ‘…Paint my name black’: Ugo’s estranged wife fires back amid explosive cheating allegations

    0 shares
    Share 0 Tweet 0
  • Shocking twist: Dapo Abiodun senate ambition in jeopardy as fresh legal warning emerges

    0 shares
    Share 0 Tweet 0

Just Published!

Nigerian Navy

Nigerian Navy recovers 1,600 litres illegal fuel in Rivers raid

May 10, 2026
Barcelona

Barcelona eye historic title win against Madrid

May 10, 2026
CUSTECH

CUSTECH expels four students over alleged lesbianism, misconduct

May 10, 2026
WhatsApp Image 2026 05 10 at 11.51.49

Rotary International honours ex-Nestlé MD Osunkeye for polio eradication efforts

May 10, 2026
State

The Trinity of State Decay (III): The Architecture of Resurrection

May 10, 2026
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.