Liechtenstein will return $227m (167m euros; £133m) to Nigeria that was looted by the former military ruler Sani Abacha in the 1990s, the African nation’s finance ministry says.
It was the culmination of a 16-year effort to retrieve the money, it added.
To secure it, Nigeria agreed to drop a legal case tied to Abacha’s family.
Abacha ruled Nigeria from 1993 until his death in 1998 and is thought to have siphoned billions of dollars into bank accounts across Europe.
Transparency International says the dictator stole as much as $5bn during his five-year rule.
“We can confirm that Nigeria will on 25 June 2014 receive the sum of euros 167m ($227m) from the government of the principality of Liechtenstein, part of looted funds recovered from the Abacha family,” Nigeria’s finance ministry said in a statement…
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