/ 20 October 2000

ABACHA’S LOOT TRAIL LEADS TO LONDON

SOME of the 2.76bn pounds allegedly looted from Nigeria by the late dictator Sani Abacha has been traced to bank offices in London, the Financial Times has reported. According to the newspaper, investigators employed by Nigeria’s president Olusegun Obasanjo believe Abacha used the London offices of the banks to launder the cash. The banks, including HSBC, Barclays, Merrill Lynch, Standard Chartered and Citigroup, have refused to comment on their role in handling accounts operated by Abacha and his family. – AFP