Sunday, October 09, 2005

Nigeria closes in on missing cash

"A lot of the money is believed to be in Swiss bank accounts, and Switzerland has now said it will help to send the money back". So goes the article from the BBC World Service Africa Business editor.

The article continues: "Nobody knows exactly how much money was made by these people," said Enrico Monfrini, a Swiss lawyer working for Nigeria's government to try and track down and return the missing money.

"All what we know was that $2.8bn was taken away from the Central Bank of Nigeria in cash.

"The rest of the money was made outside through commissions paid for by various international, or multinational, companies."

Imagine $2.8 bn, how many schools, clinics, miles of roads and other infrastructure could have been built to strengthen the nation, maintain the wellbeing of the people etc... This kind of crime is being committed in Africa hour by hour in every country and our people are suffering because of it. Time to rise up and question the status quo. Question the so called donors and worldwide financial institutions. See where there real desire is; is it with the people that are suffering day-in and day-out or is it with the dictators and the inept and the egomaniacs supposedly leading the people. It is time to ask those hard questions and get some answers.

Saturday, October 01, 2005

Britain goes after Abacha millions

"The British High Court has given the government the go-ahead to help Nigeria trace more than $1bn allegedly looted by late dictator Sani Abacha". So goes the opening line of the article on the BBC News-Africa, this is a beginning of the realization that ruthless and blatantly corrupt African leaders should be accountable to their deeds much the same way that any ordinary thief or white collar criminals should. That is, face the legal systems of their own countries and be subject to international court proceedings. They should not be allowed to live in luxury in another country with the ill-gotten gains or money stolen from their country's treasuries, or from bribes and out and out theft. Please read the article by clicking at the link above.