Connect with us

Hi, what are you looking for?


Abacha’s Death, a Big Loss to Nigeria, Says Major Al-Mustapha

Major Hamza Al Mustapha, Chief Security Officer to Nigeria’s former Military dictator, Late General Sani Abacha, has said that the death of the former Head of State is a big loss to Nigeria.

Mustapha who spoke in Kano on Monday to mark the 22-year commemoration of Abacha’s death, said his late boss was deliberately being attacked by some disgruntled elements who portrayed his bad side to the public while hiding the good side.

Major Mustapaha said only God would reward General Abacha for his ‘laudable initiatives’ to transform the country.

He said what Abacha did for Nigeria would not be forgotten forever, adding that it would be appreciated by generations yet unborn.

He claimed that the late Abacha met only $200m in Nigeria’s foreign reserves when he assumed office but was able to revamp the economy to the extent that he saved billions of dollars in foreign reserves before his death.

He said during the Abacha government the dollar was sold at about N85. He also claimed that there was no inflation during his regime despite all the problems and challenges that confronted the government, adding that many businessmen made huge money due to the stabilisation of the economy.

General Abacha who ruled Nigeria with a iron-hand between 1993 and 1998 when he died in office, was reported to have stolen billions of dollars from the Nigerian treasury.

Nigeria has been working with governments around the world in recent years to recover the stolen funds.

As of 2013, Nigeria had recovered about $1.3 billion of Abacha’s money from various European jurisdictions, with more than a third of that from Switzerland.

The Swiss government in 2017 said it would return to Nigeria about $321 million in assets seized from Abacha family via a deal signed with the World Bank

In May, Nigerian government confirmed the receipt of $311,797,866.11 of the Abacha loot repatriated from the United States and the Island of Jersey.

The money would be used to fund the reconstruction of the Lagos-Ibadan Expressway, Abuja-Kano Road and the building of the Second Niger Bridge.


Follow us on Twitter at @thesignalng

Copyright 2020 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to and other relevant sources. 

Click to comment

Leave a Reply

Your email address will not be published.


Signal-Tesslo Ad



Ten bodies were recovered Wednesday after a boat carrying more than 100 women and children broke apart on a river in northern Nigeria, a...


President Muhammadu Buhari has approved the deployment of advanced technology to tackle insecurity in the South-East. Imo State governor, Hope Uzodinma, disclosed this to...


Popular Nigerian human rights activist and co-founder of the Centre for Civil Liberty, Ariyo-Dare Atoye has died. He was aged 42. Atoye died in...


Some young Nigerians besieged the Lekki Tollgate on Thursday morning,  amid heavy police presence. Nigerian artistes, Folarin ‘Falz’ Falana, and Adebowale ‘Mr Macaroni’ Adedayo,...

Copyright ©