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Nigeria: Swiss courts seizes another $350m Abacha loot

Assets worth $350m (£212m)  belonging to the son of Nigeria’s former Military ruler, Abba Abacha has been seized by a Swiss court

Abba Abacha was convicted of being a member of a criminal organisation and given a suspended custodial sentence.

Switzerland began investigating the Abacha family in 1999 and has so far handed back about $700m to Nigeria.

Nigerian state lawyers believe Sani Abacha, who ruled from 1993 until his death in 1998, may have stolen $2.2bn.

The Swiss authorities pursued Abba Abacha for six years before extraditing him from Germany in 2005.

“The examining magistrate sentenced him to a suspended jail term, and ordered the confiscation of his assets of $350m,” Geneva canton’s justice office said in a statement.

“[The money] is held by his criminal organisation and seized through international assistance in Luxembourg and the Bahamas.”

Abba Abacha can appeal against the judgement.