Tag Archives: Switzerland

ICYMI: Buhari Nominates Okonjo-Iweala As Candidate For WTO Director-General’s Position

According to TheCable, President Muhammadu Buhari has approved the nomination of Ngozi Okonjo Iweala, Nigeria’s former finance minister, for the position of director-general of the World Trade Organisation (WTO). The election is scheduled to hold in Geneva, Switzerland in 2021 for a four-year term that would run from 2021 to 2025 after Roberto Azevedo, former director-general of the…

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FG Issues Travel Ban On 13 Countries Over Coronavirus— Starting From March 21st

Following the record of the third case of coronavirus disease in the country, the Federal Government has reportedly placed a travel ban on 13 Coronavirus epicenters in order to safeguard its citizens. The Government of Nigeria is restricting entry into the country for travelers from China, Italy, Iran, South Korea, Spain, Japan, France, Germany, the United…

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Federal Government Recovers $321m Abacha Loot

The Federal Government has signed a memorandum of understanding with Switzerland to recover $321 million stolen by former Head of State General Sani Abacha. The announcement was made on the Federal Government’s official Twitter account @AsoRock. The funds were initially frozen in Luxembourg, after being confiscated by Switzerland as part of criminal proceedings brought by the public prosecutor’s…

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UBA Sends Strong Delegation to World Economic Forum in Davos

GMD-CEO of UBA Plc, Mr. Kennedy Uzoka in Davos for WEF The United Bank for Africa (UBA) is strongly represented at the annual meeting of the World Economic Forum (WEF), which began in Davos, Switzerland on the 17th of January. UBA CEO Kennedy Uzoka leads a senior executive team, at one of the most important events on the global economic calendar. The UBA delegation will interact with global business…

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Switzerland To Return $321M Of Abacha’s Loot To Nigeria

  The Switzerland government has said it would soon return the sum of $321m Abacha loot in Switzerland as part of its commitment towards fighting money laundering and other trans-national crimes in that country. According to Thisday the Swiss Ambassador to Nigeria, Eric Mayoraz, made the disclosure on Friday during the signing of a Memorandum of…

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Switzerland Returns $380 Million Looted By Abacha

About $380 million Nigerian money, stolen and stashed in accounts in Switzerland by late Head of State, Sani Abacha, will be returned, Swiss officials said yesterday-Tuesday.‎ According to reports by Premium Times, the money was confiscated in 2014 after it was transferred to the country from Luxembourg where it had been seized since 2006, Geneva…

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