Corruption Allegations
During Abacha's regime, a total of £5 billion was reported siphoned out of the country's coffers by the head of state and members of his family. At that time Abacha was listed as the world's fourth most corrupt leader in recent history. Abacha's national security adviser, Alhaji Ismaila Gwarzo, played a central role in the looting and transfer of money to overseas accounts. His son Mohammed Abacha was also involved. A preliminary report published by the Abdulsalam Abubakar transitional government in November 1998 described the process. Sani Abacha told Ismaila Gwarzo to provide fake funding requests, which Abacha approved. The funds were usually sent in cash or travellers' cheques by the Central Bank of Nigeria to Gwarzo, who took them to Abacha's house. Mohammed Abacha then arranged to launder the money to offshore accounts. An estimated $1.4 billion in cash was delivered in this way.
Read more about this topic: Sani Abacha
Famous quotes containing the word corruption:
“Saigon was an addicted city, and we were the drug: the corruption of children, the mutilation of young men, the prostitution of women, the humiliation of the old, the division of the family, the division of the country—it had all been done in our name.... The French city ... had represented the opium stage of the addiction. With the Americans had begun the heroin phase.”
—James Fenton (b. 1949)