• Home
  • About Us
  • Contact
Tuesday, May 12, 2026
News On Spot
  • Home
  • News
    Dandutse

    Senator Dandutse Condemns Xenophobic Attacks on Nigerians in SA…

    House of Representatives

    Nigeria Reps Call for Suspension of South African Business Permits Over Xenophobic Attacks…

    Public Holidays

    FG Declares May 1 Public Holiday to Mark 2026 Workers’ Day…

    Bianca

    Tinubu Appoints Bianca Ojukwu as Foreign Affairs Minister…

    NLC

    Joe Ajaero: ₦1m Salary Worthless Without Strong Naira…

    Tunde Ayeni

    EFCC Arrests Tunde Ayeni Over Alleged N36.5bn, $30m Fraud…

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    AMVCA

    AMVCA 2026 Celebrates Africa’s Best in Film and Entertainment…

    BBNaija

    Big Brother Naija Season 11 Auditions Set to Begin Soon…

    Cecilia Obi-Kechere

    Nollywood Mourns Veteran Actress Cecilia Obi-Kechere (Miss Koi Koi)…

    Lateef Adedimeji

    Video:;Lateef Adedimeji, Wife Adebimpe Oyebade Welcome Triplets…

    Solomon Akiyesi

    Nollywood Mourns Actor Solomon Akiyesi’s Sudden Death…

    Patrick Doyle

    Patrick Doyle Announces Heartbreaking Loss Of Newborn Daughter…

  • Health
  • Lifestyle
    • All
    • Food
    • Travel
    Bianca Odumegwu-Ojukwu

    Bianca Odumegwu-Ojukwu Celebrates Twins’ Birthday with Love…

    UK Visa

    UK Raises Visa, ETA Fees for Tourists, Students, Workers from April 2026…

    eVisa

    UK Moves Fully Digital: Paper Visas Scrapped as eVisas Launch February 25…

    ESHDC

    Enugu Housing Corporation Opens New Estates, Offers Discounted Plots to Homebuyers and Investors…

    Salary

    10 Smart Ways to Make Your Salary Last All Month…

    “How was your night?”

    Why “How Was Your Night?” Isn’t Always the Right Greeting – And What to Say Instead…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Politics
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    MultiChoice

    Is DStv Too Expensive? Nigerians Ditch Pay TV Over Price Hikes…

    Microsoft

    Microsoft To Shut Down Lagos Centre, 200 Jobs At Risk…

    Multichoice

    DSTV Price Hike: More Nigerians Consider SLTV, Others…

    NIMC

    Guide On How To Register For & Use The New 2024 NIMC Self Service Portal…

    Mobile Data

    Reasons Why Your Mobile Data Ends Quickly…

    Elon Musk

    Elon Musk Unveils New Name, Logo For Twitter…

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • News
    Dandutse

    Senator Dandutse Condemns Xenophobic Attacks on Nigerians in SA…

    House of Representatives

    Nigeria Reps Call for Suspension of South African Business Permits Over Xenophobic Attacks…

    Public Holidays

    FG Declares May 1 Public Holiday to Mark 2026 Workers’ Day…

    Bianca

    Tinubu Appoints Bianca Ojukwu as Foreign Affairs Minister…

    NLC

    Joe Ajaero: ₦1m Salary Worthless Without Strong Naira…

    Tunde Ayeni

    EFCC Arrests Tunde Ayeni Over Alleged N36.5bn, $30m Fraud…

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    AMVCA

    AMVCA 2026 Celebrates Africa’s Best in Film and Entertainment…

    BBNaija

    Big Brother Naija Season 11 Auditions Set to Begin Soon…

    Cecilia Obi-Kechere

    Nollywood Mourns Veteran Actress Cecilia Obi-Kechere (Miss Koi Koi)…

    Lateef Adedimeji

    Video:;Lateef Adedimeji, Wife Adebimpe Oyebade Welcome Triplets…

    Solomon Akiyesi

    Nollywood Mourns Actor Solomon Akiyesi’s Sudden Death…

    Patrick Doyle

    Patrick Doyle Announces Heartbreaking Loss Of Newborn Daughter…

  • Health
  • Lifestyle
    • All
    • Food
    • Travel
    Bianca Odumegwu-Ojukwu

    Bianca Odumegwu-Ojukwu Celebrates Twins’ Birthday with Love…

    UK Visa

    UK Raises Visa, ETA Fees for Tourists, Students, Workers from April 2026…

    eVisa

    UK Moves Fully Digital: Paper Visas Scrapped as eVisas Launch February 25…

    ESHDC

    Enugu Housing Corporation Opens New Estates, Offers Discounted Plots to Homebuyers and Investors…

    Salary

    10 Smart Ways to Make Your Salary Last All Month…

    “How was your night?”

    Why “How Was Your Night?” Isn’t Always the Right Greeting – And What to Say Instead…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Politics
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    MultiChoice

    Is DStv Too Expensive? Nigerians Ditch Pay TV Over Price Hikes…

    Microsoft

    Microsoft To Shut Down Lagos Centre, 200 Jobs At Risk…

    Multichoice

    DSTV Price Hike: More Nigerians Consider SLTV, Others…

    NIMC

    Guide On How To Register For & Use The New 2024 NIMC Self Service Portal…

    Mobile Data

    Reasons Why Your Mobile Data Ends Quickly…

    Elon Musk

    Elon Musk Unveils New Name, Logo For Twitter…

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
News On Spot
No Result
View All Result
Home Politics

Monies kept in different foreign accounts during Abacha’s regime was so Nigerians wouldn’t suffer in future- Hamza Al-Mustapha…

newsonspotadmin by newsonspotadmin
June 12, 2020
in Politics
Reading Time: 2 mins read
0

Hamza Al-Mustapha, former Chief Security Officer of late Sani Abacha, was on BBC Hausa recently, where he said that the former Military dictator and some Nigerian leaders took the decision to stash money in different foreign accounts so that Nigerians wouldn’t suffer in future.

According to Al-Mustapha, during the Abacha regime, there were indications that Nigeria was to be sanctioned. He said a collective decision by Abacha, monarchs from the North and South as well as some leaders, was taken for monies to be kept abroad so that Nigerians will not suffer when the sanctions are eventually imposed.

He argued that his former boss does not have his identity or signature on any of the accounts where the monies were stashed abroad and wondered why people keep tying his boss to the recovered monies.

According to him, the person who helped ”raise the image of Nigeria” is now the one that is being insulted by all and sundry.

In his words

“I’m saying this based on what I know and based on trust to Nigerians, their dignity and honour.  I’ve said it that there was a period Nigeria was to be sanctioned. So there were plans to keep money overseas so that Nigeria and Nigerians would not suffer when the sanction was imposed on the country.

We gathered emirs and chiefs from the South and from the North together with VIPs of that time, those in government and those outside government.  We met at a place called Camp Bassey Officers’ Mess in the Brigade of Guards. It was there we deliberated on the threat to sanction Nigeria.  Many decisions were taken.

The meeting was also attended by the Ministry of Finance, the Ministry of Planning, the CBN  etc. 

It is surprising. You should know when a person is opening an account, it is that very person that will go to the bank for biometric capture. ’The person’s photograph will be taken, he will avail the bank with the required information, the source of the money, all these are requirements that must be met.

What justification have they to say the accounts belonged to him?  Have they ever seen where late Abacha appended his signature or thumb print that the money belonged to him?

I’m surprised by the way Abacha is being blackmailed. I am surprised because when he assumed leadership, Nigeria had less than $2 billion in the foreign reserve. Things were not organized.

But within four years and eight months, he did what was possible to raise it to over $9 billion. But after his death, all these billions vanished in nine months.  The person that raised Nigeria’s image and enhanced security is now the subject of insult. But those who shared the money he left are still alive and untouchable.” he said

Over $3.624 billion Abacha loot have been discovered and repatriated by successive governments. 

ShareTweetShare
Previous Post

Photos: Senator Hope Uzodinma remarries…

Next Post

54-year-old Nigerian woman welcomes her first babies with her husband…

newsonspotadmin

newsonspotadmin

Related Posts

Fubara
Politics

APC Clears Fubara for Second-Term Governorship Race in Rivers…

May 10, 2026
Natasha Osawaru
Politics

Natasha Osawaru Dumps PDP for NDC, Backs Peter Obi…

May 8, 2026
Foluke Daramola-Salako
Politics

Foluke Daramola-Salako Joins Oshodi APC House of Reps Race…

May 4, 2026
Obi-Kwankwaso
Politics

Obi, Kwankwaso Join NDC Ahead of 2027 Elections Shakeup…

May 4, 2026
NDC
Politics

Obi, Kwankwaso Set to Dump ADC for NDC in Abuja Declaration…

May 3, 2026
ADC
Politics

INEC Updates ADC Leadership, Lists David Mark as Chairman…

May 3, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Uber

Uber Driver Drops Passengers Off At The Airport, Returns Back To Rob Their Home…

September 27, 2022
ST Team

ST Team Hosts Maiden Business Banquet, Unveils AI-Driven Investment Vision…

February 3, 2025
Lagos State Governor-Sanwo-Olu

Lagos Govt Declares 4-day Public Holiday…

January 19, 2023
Airline

Another Anambra Billionaire Set To Unveil New Airline…

May 17, 2024

Bill Gates steps down from Microsoft board to focus on philanthropy

0

Overlooked No More: Ni Gusti Ayu Raka Rasmi, Balinese Dancer

0

Nigeria vs Sierra Leone, other AFCON 2019 qualifiers cancelled

0

Osinbajo‘s convoy involved in accident, VP loses police outrider

0
Fidelity Bank

Mirroring Fidelity Bank’s Giant Footprints in Aviation Financing in Nigeria…

May 12, 2026
David Raya

David Raya Wins Third Straight Premier League Golden Glove with Arsenal…

May 11, 2026
UTME

FG Scraps UTME for Education, Agriculture Courses…

May 11, 2026
Polaris Bank

Polaris Bank Wins Private Sector Champion Award for Advancing Youth Employment in Nigeria…

May 11, 2026

Recent News

Fidelity Bank

Mirroring Fidelity Bank’s Giant Footprints in Aviation Financing in Nigeria…

May 12, 2026
David Raya

David Raya Wins Third Straight Premier League Golden Glove with Arsenal…

May 11, 2026
UTME

FG Scraps UTME for Education, Agriculture Courses…

May 11, 2026
Polaris Bank

Polaris Bank Wins Private Sector Champion Award for Advancing Youth Employment in Nigeria…

May 11, 2026
News On Spot Logo

Browse by Category

Archives

  • Home
  • About Us
  • Contact

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Home
  • About Us
  • Contact
  • Entertainment
  • Politics
  • Business
  • Health
  • Sports
  • World
  • https://newsonspot.com.ng/2024/07/20/shaibu-dumps-pdp-joins-apc/
  • https://newsonspot.com.ng/2024/08/26/minimum-wage-list-of-nigerian-governors-ready-to-pay-workers-n70000/
  • https://newsonspot.com.ng/2024/06/01/fg-reacts-as-labour-begins-indefinite-strike-over-minimum-wage/
  • https://newsonspot.com.ng/2024/02/28/wigwe-family-releases-burial-programme/
  • https://newsonspot.com.ng/2024/07/28/bbnaija-things-to-expect-at-season-9-premiere-today/