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Abacha Did Not Loot, he Stashed Billions of Dollars Abroad Over US Possible Sanction Says Galadima

One of Nigeria’s notable politicians and former National Secretary of the Congress for Progressive Change party, Buba Galadima has disclosed the alleged reasons why former military General, Sani Abacha, stashed huge amount of money that belongs to the country abroad. Ever since the tenor of the former President Olusegun Obasanjo, the nation has been recovering as well as receiving billions of dollars supposedly looted by Abacha from the overseas government.


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In an interview with The Nation, Galadima revealed that the former dictator did not loot as the majority of Nigerians think. He further said that Abacha stashed the cash in foreign accounts over the possibility of Nigeria being sanctioned by the United States of America. In his statement to The Nation, Abacha was counselled by some of his fellow presidents to stack-up cash outside the country in order to avoid anxiety should the US sanction Nigeria in the long run. In Galadima’s report, some of the colleagues who suggested the idea to Abacha were Late Saddam Hussein and Ex-president Muammar Gaddafi. In his report, he said “I have a completely different idea about what you called Abacha loot. I know as a fact that at that time, Abacha with knowledge of key members of his government, who knew about this money being stacked out, he was rightly advised by some of his colleague presidents around the world. “Saddam Hussein was one of them. Muammar Gaddafi was one of them. They advised him that there was the likelihood that the US could sanction Nigeria and as such he should save money outside that could last the country, at least, six months, even Nigeria’s account was blocked by the US, there won’t be panic.”
In addition, “If they say Abacha was a monster, my answer is, at least he held the country together and everybody knew you could not trample on our laws without being dealt with.”

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However, Galadima criticised how President Buhari intends to spend the returned money. He said it unclear to Nigerians on what exactly the Buhari administration plan to do with the cash. According to an unknown fellow who represented the Nigerian government, the allegedly looted funds will be spent on palliatives while Abubakar Malami who is the serving attorney general disclosed that the funds will be directed towards infrastructure.


Also, he added, “That is double-speak. And they should know, no matter who speaks for the government, Nigerians do not trust this government.” Galadima said the money has to go through the approval of the National Assembly before any expenses could be made.

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