Future of Somali leaders after Oil revenue comes in!

Former Nigerian dictator's $267M seized from Jersey account
By Bukola Adebayo, CNN








Abacha came into power in through a military coup 1993 and ruled Nigeria until his death in 1998.
Lagos (CNN)Authorities in Jersey say they have seized more than $267 million from the family and associates of late Nigerian military dictator Sani Abacha.

According to Jersey's Civil Asset Recovery Fund, the laundered funds recovered from confiscated assets, belonging to the son of the late dictator, Mohammed Abacha, were "derived from corruption" during the military leader's rule in Nigeria.
The money was found in a Channel Islands account held by shell company Doraville Properties Corporation.
It had been frozen by a federal court in Washington in 2014 at the request of prosecutors pursuing criminal proceedings against Mohammed Abacha and his associates.



Switzerland to return $321 million of stolen money to Nigeria

The stolen funds have now been recovered and paid into a special recovery fund after a five-year legal battle. The fund will be shared between the Nigerian government, Jersey and the US government, according to Jersey authorities overseeing the case.
Robert MacRae, Jersey's attorney general, said in a statement that freezing the assets demonstrated Jersey's "commitment to tackling international financial crime and money laundering."
CNN contacted Abacha's son for comments over the allegations but has yet to receive a response.
Sani Abacha came into power in 1993 and ruled Nigeria with an iron grip until his death in 1998. Activists who criticized his regime were imprisoned for months, with some put to death. Opposition leaders were jailed under his leadership.
Abacha's regime came under fierce international criticism when he executed popular playwright Ken Saro-Wiwa and eight other activists, who came to be known as the Ogoni 9.
The men were charged with murdering four men and were convicted and sentenced to death at a special tribunal. Throughout, Saro-Wiwa maintained that he was being framed for criticizing Abacha's regime.



Ogoni 9 widow Esther Kiobel lands day in court against oil giant Shell

The former president, who lived a lavish lifestyle, is reported to have stolen over $4 billion during his five years in office through his family and allies.
In 2017, the Swiss government reclaimed funds of $321 million from Abacha's family and has recovered around $700 million of Abacha-related assets to date.
Nigerian President Muhammadu Buhari in a recent interview said his government has recovered some of the country's stolen wealth stashed by corrupt politicians in banks abroad.
Buhari, however, said prosecutors have faced challenges that have slowed down the recovery process.
Nigeria lost $400 billion to corruption between 1960 and 1999, according to estimates cited by the UN Office on Drugs and Crime (UNODC).

 
To sum up, Kheyre, Farmaajo and their friends will not get away with it, unless they move to the North pole and get plastic surgery.

This is why they are so eager to start, they don't want to set up the legal infrastructure to manage everything properly because all they want is to funnel it into private accounts asap.

A real leader would make sure the country is stable and all legalities are sorted out before even discussing such sensitive matters.
 

Apophis

Daludug Above all
VIP
African dictators are xoolo. Steal if you have to, but gotdamn not every penny. They wont even allow a dollar for development.
 

CanoGeel

"Show respect to all people, but grovel to none"
The oil companies like shell stole the major share and polluted the hell out of entire regions. They also facilitated the graft by the corrupted leaders but it was pre internet era.

Nabad & nolol wont be reelected, let them pocket the crumbs they steal from IDPs and drought aid.

I wasnt anti them but They really arent sophisticated to run anything. You can tell by their body language that they're neither confident nor competent.

Farmajo comes off as compassionate and altruistic but you can see his true colors by looking

The president and the PM arent well versed in history, philosophy or psychology which are necessary for negotiations.

Nabad iyo nolol'most esoteric reference book is probably "Sun Tzu"

Very genious :yousmart:
 
Hence why it is imperative for federal states to be successful unless we want a small click of crooks in Villa Zo0 taking a small cut of oil profits left over by amisom.
 

kickz

Engineer of Qandala
VIP
Libyans enjoyed a high quality life under his reign



Mama Mia :banderas:

If the government succeeds in this blessed endeavour then waa shidanahay

There will be alot of outside forces that will divide us, but we gotta come together and make this work. Time to become Dubai of Africa.:ahh:

 

Tukraq

VIP
To sum up, Kheyre, Farmaajo and their friends will not get away with it, unless they move to the North pole and get plastic surgery.

This is why they are so eager to start, they don't want to set up the legal infrastructure to manage everything properly because all they want is to funnel it into private accounts asap.

A real leader would make sure the country is stable and all legalities are sorted out before even discussing such sensitive matters.
Kheyre and farmaajo are out in a short amount of time, it’s the president after we have to keep an eye on
 

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