skip navigation

PUBLICATIONS

Register for Latest Research

Stay Informed
Register with NCJRS to receive NCJRS's biweekly e-newsletter JUSTINFO and additional periodic emails from NCJRS and the NCJRS federal sponsors that highlight the latest research published or sponsored by the Office of Justice Programs.

NCJRS Abstract

The document referenced below is part of the NCJRS Virtual Library collection. To conduct further searches of the collection, visit the Virtual Library. See the Obtain Documents page for direction on how to access resources online, via mail, through interlibrary loans, or in a local library.

 

NCJ Number: 201052 Find in a Library
Title: Abacha and the Bankers: Cracking the Conspiracy
Journal: Forum On Crime and Society  Volume:2  Issue:1  Dated:December 2002  Pages:111-117
Author(s): Bola Ige
Date Published: December 2002
Page Count: 7
Publisher: http://www.unodc.org/unodc/en/data-and-analysis/Forum-on-Crime-and-Society.html 
Type: Issue Overview
Format: Article
Language: English
Country: Austria
Annotation: This article discusses political corruption in Nigeria and recent efforts to recover billions of embezzled dollars.
Abstract: Nigeria’s former military regime was headed by the late dictator, General Sani Abacha. During his dictatorship, he and his co-conspirators embezzled at least $5 billion in assets. The assets included misappropriated funds, bribes, and kickbacks. Most of the assets were channeled out of the country through simple bank transfers. President Olusegun Obasanjo of Nigeria, who came into power in May 1999, has formed a special investigative panel to identify the embezzled monies and return them to the country of Nigeria. One million in assets was recovered during the former regime of General Abdulsalam Abubakar; the current investigative panel is in the process of seeking mutual legal assistance from other countries in its effort to track down the remaining monies. The banks involved in the investigation are some of the world’s largest commercial banks, which makes it difficult to gain cooperation. Another challenge facing the Nigerian government is the dilemma of how to bring a successful court case against those involved in the embezzlement. The author concludes with the assertion that any country attempting to recover stolen funds should be supported in their efforts by the worldwide community. The author provides some recommendations for preventing future problems with the diversion of funds, including the strengthening of official anti-corruption bodies. References
Main Term(s): Nigeria; Political crimes
Index Term(s): Embezzlement; International cooperation; Investigations
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=201052

*A link to the full-text document is provided whenever possible. For documents not available online, a link to the publisher's website is provided. Tell us how you use the NCJRS Library and Abstracts Database - send us your feedback.