< html > The Associated Press
Bolivar Commercial
 LATEST NEWS
 Top Stories
 U.S.
  Severe Weather
  Bird Flu
 World
  Castro
  Mideast Crisis
  Iraq
 Business
 Personal Finance
 Technology
 Sports
  Sports Columns
  NASCAR
  Baseball
  College Hoops
  NBA
  NHL
  Tennis
  Golf
 Entertainment
 Health
 Science
 Politics
 Washington
 Offbeat
 Podcasts
 Blogs
 Weather
 Raw News
 NEWS SEARCH
 
 Archive Search
 SPECIAL SECTIONS
 Multimedia Gallery
 AP Video Network
 Today
 in History
 Corrections
Dec 5, 6:36 AM EST

Switzerland returning $321M of Abacha assets to Nigeria


Multimedia
Death Row Art
Nigerians honor Emir of Kano
Traditional Boxers Face Off in "Dambe"
Kegbara Dere's Fire
Latest News from Nigeria
2 teenage girl suicide bombers kill 4 in Nigeria's north

Switzerland returning $321M of Abacha assets to Nigeria

13 killed in suicide bombing at northeastern Nigeria market

Nigeria pledges to help migrants returning from Libya abuses

ABUJA, Nigeria (AP) -- The Swiss government says it has reached a deal to return some $321 million to Nigeria that was seized from the assets of former military dictator Gen. Sani Abacha.

A statement by Swiss authorities says the two governments and the World Bank signed an agreement in Washington.

Switzerland says it seized hundreds of millions of dollars after the public prosecutor's office of Geneva opened a case against the former Nigerian leader. Swiss authorities say he originally placed the money in Luxembourg.

Abacha took power in a coup in 1993 and died under suspicious circumstances in 1998 while he was still in office. He has been accused of stealing as much as $5 billion during his time in power.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.