Abacha Saved Billions Of Dollars Abroad To Save Nigeria From US – Buba Galadima
2 weeks ago Victor Adeola 0
Former ally of President Muhammadu Buhari, Buba Galadima has said that the billions of dollars the late Head of State, General Sani Abacha hidden in foreign banks were not looted.
Buba Galadima in an interview with TheNation newspaper said Abacha saved the monies abroad to save the country from an impending US sanction during his administration.
The 72-yr-old politician, who was the Director-General, National Maritime Authority during Abacha’s regime said the late Head of State was advised by the then President of Iraq, Saddam Hussein and his counterpart in Libya, Muammar Gaddafi to save the monies in foreign banks.
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.
General Sani Abacha ruled Nigeria between 1993 and 1998. “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.
I was a key figure in that government. I was one of the so-called Abacha boys if you must know. I was the Director-General, National Maritime Authority, whereby export and import to Nigeria, including crude, were directly coming under my desk. So, am in a position to talk about Abacha and the so-called loot”.
Galadima, however, maintained that those who believe Abacha was a monster are ignorant.
General Sani Abacha ruled Nigeria between 1993 and 1998, but since 1999, Nigeria has been receiving some of the monies he stashed abroad.
Recall that few weeks ago Nigeria Government repatriated $311m from the US as part of Abacha’s loot when he was in government.