Loot Recovery and Development
By Abubakar Ibn Kachalla Recently, the Swiss Ambassador to Nigeria, Mr. Hans Hodel, said his country had discharged its legal obligations to Nigeria by returning all the Abacha loot, estimated at more than $700 million dollars. We must praise the cooperation extended to Nigeria since 1999 by the Swiss government to return the Abacha loot. Seven hundred million dollars (about N112bn) is not small money by any standard anywhere. This heavy cash would have dealt with basic chall