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Home National

Al-Mustapha Faults ‘Loot’ Tag On Funds Recovered From Abacha

...says money kept by Abacha for Nigeria's economic development

Vital News by Vital News
June 13, 2025
in National, News, Politics
0
Al-Mustapha Faults ‘Loot’ Tag On Funds Recovered From Abacha
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Retired Major Hamza Al-Mustapha, former Chief Security Officer to late Head of State General Sani Abacha, has kicked against long-standing accusations that the billions recovered from abroad were looted by his late boss.

Speaking in a Democracy Day interview with journalists, Al-Mustapha insisted that the funds were part of an economic strategy designed to empower Nigerian businesses and lower the cost of goods and services—mirroring Libya’s model under sanctions.

He challenged critics to produce any official document showing Abacha personally claimed the funds.

“The money was not deposited in Abacha’s name.

“They were meant to support the Nigerian economy, not his pockets,” he said.

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He claimed that after Abacha’s death in 1998, some of the original beneficiaries either diverted or hoarded the funds, leading to the misconception that they were stolen public funds.

Al-Mustapha also revisited conspiracy theories surrounding Abacha’s sudden death, comparing it to the controversial passing of MKO Abiola, the presumed winner of the June 12, 1993, presidential election.

He noted that both men showed signs of “abnormal swelling” in the heart and chest, hinting at suspicious circumstances.

The retired major reaffirmed his political aspirations, declaring his intention to contest Nigeria’s 2027 presidential election.

“This time, my ambition is serious and unwavering,” he said.
(vitalnewsngr.com)

Tags: AbachaAl-Mustaphalootsrecover
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