Tribune OnlineTribune OnlineTribune Online
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
Reading: Sani-Baba and the 40 thieves
Share
Notification Show More
Font ResizerAa
Tribune OnlineTribune Online
Font ResizerAa
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
  • About Us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Advertise
Have an existing account? Sign In
Follow US
© 2026 African Newspapers of Nigeria Plc. All Rights Reserved. | Disclaimer | Privacy Policy | Editorial Policy | Corrections Policy | Terms & Conditions
Home » Sani-Baba and the 40 thieves
Borderless

Sani-Baba and the 40 thieves

David Olagunju
May 10, 2020
Share
Nigeria president-elect Transition council: Death
Add as a preferred source

During his almost five-year hold on the country, late Head of State, General Sani Abacha, stole oodles of money stashed away in the United States of America, the United Kingdom, Switzerland, Jersey Island, a British Crown dependency located near the coast of Normandy in France; and Liechtenstein, a German-speaking micro-state situated in the Alps between Austria and Switzerland. While the whole country was not in doubt about the dark-goggled General being gifted with light fingers, none could have imagined the extent of the larceny perpetrated by him. His death later revealed the depth of his greed and the agitation for the return of the nation’s money kept by him offshore in private accounts commenced immediately.

The money started streaming in shortly after Abacha’s departure. In 1999, before General Abdulsalami Abubakar, who took over after Abacha’s death, handed over to an elected government, $750 million was recovered. Parts of the looted funds were repatriated twice during the administration of Chief Olusegun Obasanjo. The first time was in 2002 when $1.2 billion was released by the United Kingdom and in 2003 when $149 million was recovered from Jersey Island. In 2004, Switzerland repatriated $500 million; the following year, it also repatriated $458 million. In 2012, during the Jonathan administration, $1 billion was recovered from Switzerland. The Jonathan administration also recovered $227 million from Liechtenstein in 2014 and $48 million from the United States in the same year. In 2015, it recovered another $380 million from Switzerland. The current administration received $322 million from Switzerland in 2017, $308 million from Jersey Island in February 2020 and $311 million on May 5 from both the USA and Jersey Island. According to the US government, another $319 million is in the offing.

Abacha is a former head of state who Nigerians love to demonise. He is usually pilloried as a villainous leader who was prodigious in wastefulness and wickedness. It was under Abacha that Nigeria resorted to permanent importation of petroleum products, as all the refineries packed up as a consequent of government neglect. Abacha incarcerated Chief Moshood Abiola, winner of the June 12, 1993 presidential election, while his goons killed Kudirat, Abiola’s vocal wife. Abacha ordered the execution of Ken Saro-Wiwa and others described as ‘the Ogoni Nine’, a group of environmentalists protesting against the injurious activities of the government and oil companies in Ogoniland. Abacha’s henchmen descended heavily on pro-democracy activists and many of them had to scamper out of the country to stay alive. State-sponsored terrorism became the order of the day with bomb blasts occurring all over the country. One of such bomb explosions resulted in the death of Bagauda Kaltho in January 1996.

So, the apple-loving General deserves every form of opprobrium Nigerians choose to heap on him because his atrocities were both legionary and legendary.

But if Abacha who stole over $5billion from the treasury is called a rogue, pray, what do we call those who recovered and squandered same? What can we point to as the fruit of the repatriated looted funds? Where are the refineries built with the money? Where are the airports? Where are the hospitals? Where are the roads? Where are the power plants? So, Nigerians should ask General Abdulsalami, Chief Obasanjo, Alhaji Umaru Yar’Adua, Dr Goodluck Jonathan, and President Muhammadu Buhari what they did with the share of the Abacha loot recovered during their tenure. Unfortunately, there is nothing to show for recovering the looted fund. Getting back the money has not improved our lot as a nation. The recovered funds were either re-looted or squandered.

The United States was so peeved at the level of the nation’s mismanagement of the Abacha loot that in February this year it threatened to ask Nigeria to refund the $308 million it repatriated earlier in the year if it was stolen. This is an insult from a nation to another! Imagine being threatened over your right to deploy that which is yours the way you want.

But the USA was not mistaken! It knew the fate of the earlier repatriated funds. The Nigerian government also knew that the threat was real. So, it announced that the Abacha loot which was returned in February would be used to feed the nation’s poor while the recently released $311million would be expended on Mambilla power project, the Second River Niger Bridge, the Lagos-Ibadan express road and a few other projects. But weren’t there provisions for these projects in the 2020 budget? Does the government mean that the execution of these projects would have been stalled if the stolen money had not been repatriated?

Truth be told, Abacha must be a saint of sort compared with those who succeeded him. In the case of Abacha, though we could not see any project the former head of state executed, at least the funds meant for the projects were retrieved from where they were kept. But in the case of his successors, neither the funds nor the projects are anywhere to be seen. Abacha’s successors have so perfected the art of looting that it is so difficult to trace stolen money to them. That means when it comes to looting and keeping, they are better than Abacha by far!

This then brings to light what President Muhammadu Buhari meant when he said Abacha didn’t steal, he sure was comparing the magnitude of the late General’s misdemeanor to that of his successors, himself inclusive!

 

 

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

Buy and read digital replicas of your TRIBUNE titles by subscribing through E-VENDING

Sperm Containing COVID-19 Raises Risk Of Spread Via Sex ― Study
Chinese researchers who tested sperm of men infected with COVID-19 found that a minority of them had the new coronavirus in their semen, opening up a small chance the disease could be transmitted sexually, scientists said on Thursday… Read full story

Stop Harassment Of Journalists, Other Essential Workers, PTF Tells Security Agencies
The Presidential Task Force (PTF) on COVID-19 pandemic has told security agencies to desist for harassment of journalists and other essential workers on duty during the period of the ongoing restrictions to contain the spread of the virus… Read full story

Lagos Records Another Two COVID-19 Deaths
Lagos State government on Thursday said it recorded two additional coronavirus related deaths, bringing the total number of deaths associated to the pandemic in the state to 33. The Commissioner for Health, Professor Akin Abayomi, disclosed this on his Twitter handle, recalling that 82 new cases of COVID-19 infection… Read full story

22-Year-Old Lady Stabs Husband To Death After Catching Him Making Call To Another Woman
A 22-year-old lady was on Thursday, May 7, arrested by men of the Nasarawa State command of the Nigerian Security and Civil Defence Corps (NSCDC) after she allegedly stabbed her husband to death for making a phone call to another woman she suspected to be his lover… Read full story

PHOTOS: Lagos Expresses Appreciation, Releases List Of Donors To Coronavirus Fund
The Lagos State government on Thursday released list of various individuals and organisations who have so far donated to the fund to combat coronavirus in the state. In a tweet from the state government twitter handle, the state governor, Babajide Sanwo-Olu, said the state appreciated the corporate giant and individuals… Read full story

Give Account Of COVID-19 Donations Expenses, Lagos Assembly Tells Sanwo-Olu
Lagos State House of Assembly has called on the state governor, Mr Babajide Sanwo-Olu to make recourse to the House over expenses incurred from the donations made towards combating the COVID-19 pandemic in the state. The House also charged the governor to make recourse to it before declaring a state… Read full story

EDITORIAL: Buhari’s FCC Nominations
IN line with his usual practice regarding postings and appointments, President Muhammadu Buhari recently sparked controversy once again when he announced lopsided nominations into the Federal Character Commission (FCC). In a letter dated March 18, 2020 and addressed to the President of the Senate… Read full story

Justice Dahiru Saleh, Judge Who Annulled June 12 Presidential Election, Is Dead
Twenty-seven years after he made history by annulling the 1993 presidential election in what has now become popularly refer to as ‘June 12’, the judge, Justice Dahiru Saleh, has died. The retired judge died Thursday afternoon in his hometown, Azare, headquarters of Katagum Local Government Area in Bauchi… Read full story

Two Medical Staff Die, As Seven Travellers To Maiduguri Test Positive For COVID-19
Seven more people have tested positive for COVID-19 in Maiduguri after being caught by security personnel trying to sneak into the capital city. They had come in from different South-West and South-South states inside empty petrol tankers in some cases to enter Maiduguri which is the ancestral home of some of them… Read full story

Lagos Discharges 48 More Patients After Testing Negative For Coronavirus
Lagos State governor, Mr. Babajide Sanwo-Olu, on Thursday announced the discharge of 48 more patients from various facilities in the state, saying the patients, who had tested negative twice to coronavirus comprised 32 males and 16 females, all Nigerians… Read full story

PTF Fumes Over Persistent Violation Of Guidelines; Threatens To Review Measures
The Presidential Task Force (PTF) on COVID-19, on Thursday, expressed concerns over continuous violation of the guidelines put in place after the lockdown was relaxed and warned that the PTF may be forced to review the measures already taken… Read full story

The Pains, Struggles Of Almajiri System •Echoes from northern streets
Three years ago in Kaduna, the Kano state governor, Abdullahi Umar Ganduje, at a forum made a revealing disclosure that woke up deep thoughts in the guests; he told the gathering that the state had conducted a survey and discovered that there are no fewer than three million almajiris in the state… Read full story

Ramadan: The Richness Of A Special Month
RAMADHAN is primarily intended to make Muslims and indeed mankind to remain generally good, pure and righteous. It is Allah’s yearly serious purification of the body, heart and soul of every true Muslim in readiness for admission into Paradise (a Garden under which Rivers flow)… Read full story


WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV

  • Back to School, Back to Business A Fresh Start

  • Relationship Hangout: Public vs Private Proposals – Which Truly Wins in Love?

  • “No” Is a Complete Sentence: Why You Should Stop Feeling Guilty

  • Relationship Hangout: Friendship Talk 2025 – How to Be a Good Friend & Big Questions on Friendship

  • Police Overpower Armed Robbers in Ibadan After Fierce Struggle


    Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more.
    Join our WhatsApp Channel now


Previous Article Mirinda for Meranda dancing Bwala Tinubu and 3Face What Ibadan can learn Challenge before private varsities Rivers’ god, SIM card Aregbesola’s legatum (2)
Next Article Anthony-Wisdom Anthony-Wisdom: I’m the face of next generation sound in Nigeria, abroad

Most Read

  • 15-year-old FCT student wins 2026 UBA national essay competition
    15-year-old FCT student wins 2026 UBA national essay competition
  • FG operating many airports at loss — Keyamo
    FG operating many airports at loss — Keyamo
  • Sex is for marriage, Actress Juliana Olayode tells singles
    Sex is for marriage, Actress Juliana Olayode tells singles
  • 2027: INEC will obey Court order on Atiku's eligibility — Amupitan
    2027: INEC will obey Court order on Atiku's eligibility — Amupitan
  • Welcome to your new home, FUTA VC tells fresh students
    Welcome to your new home, FUTA VC tells fresh students
  • Pakistan: Tragedy as tiger kills teenager during TikTok shoot
    Pakistan: Tragedy as tiger kills teenager during TikTok shoot
  • Ooni of Ife attends ex-wife Naomi's convocation at Elizade university
    Ooni of Ife attends ex-wife Naomi's convocation at Elizade university
  • JAMB resolves 50,370 complaints in three months, begins preparations for 2027 UTME
    JAMB resolves 50,370 complaints in three months, begins preparations for 2027 UTME
  • NELFUND disburses N375bn in student loans, seeks MDAs' support
    NELFUND disburses N375bn in student loans, seeks MDAs' support
  • Peter Obi out to divide Nigeria, lawless for snubbing national anthem — Wike
    Peter Obi out to divide Nigeria, lawless for snubbing national anthem — Wike

Frontpage Today

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune
QUICK LINKS

About Us
Advertise with Us
Contact Us
Privacy Policy
Disclaimer
Editorial Policy
Corrections Policy
Terms & Conditions
COLUMNS

Aplomb
Ask The Doctor
Autoclinic With The Mechanic
Awo's Thought
Empowered For Life
Festus Adebayo's Flickers
Gibbers
Intimacy
Language & Style
Leadership & Management
Lynx Eye
Monday Lines
Mum & Child
Natural Health
Notes from Atlanta with Farooq Kperogi
On The Lord's Day
Your Life Counts

ENTERTAINMENT

Entertainment

RELIGION

Tribune Church
Church News
Muslim Sermon
Eye of Islam
Islamic News

EDITORIAL

Editorial
Opinion
Letters
News Extra

BUSINESS

Capital Market
Money Market

REGIONS

Niger Delta
Arewa
MORE

Sexuality & Health
Special Report
Sports
Tourism
Travelpulse & MICE
Weekend Lagos
Book Review
Education
Event Digest
Crime & Court
Ecoscope
Energy
Maritime
Aviation
Brands & Marketing
Agriculture
Info Tech
Labour
Leadership & Management
Arts & Culture
Arts & Reviews
Politics
Health News
© 2026 African Newspapers of Nigeria Plc. All Rights Reserved. | Disclaimer | Privacy Policy | Editorial Policy | Corrections Policy | Terms & Conditions

Add Tribune Online to your Homescreen!

Add
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?