Enter multiple symbols separated by commas

US freezes over $458 million stolen by former Nigerian dictator

U.S. Department of Justice, Washington, D.C.
Source: Wikipedia
U.S. Department of Justice, Washington, D.C.

The Department of Justice moved to freeze more than $458 million in illicit funds hidden in secret accounts around the world that belong to Sani Abacha, Nigeria's deceased dictator, and his cohorts.

In a statement, the Department said it had unsealed a complaint in the U.S. District Court to recover more than $550 million in connection with what it called "the largest kleptocracy forfeiture action brought in the department's history."

The funds are dispersed in accounts across the globe, including France and the United Kingdom. Abacha rose to power through a coup in 1993, and held power until his demise in 1998. His son, Mohammed, and others "embezzled, misappropriated and extorted billions" from the Nigerian government and others, the DoJ's complaint said.

Contact Crime


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.