Nigeria Appellate Court Affirms Dismissal of Abacha Suit to Block Forfeiture

IMPORTANT: The full content of this page is available to premium users only.

Saturday, October 1, 2005
Author: 
Bruce Zagaris
Volume: 
21
Issue: 
10
392
Abstract: 

On July 30, 2005, the Nigerian Court of Appeal unanimously affirmed the dismissal of a suit by Mohammed Abacha, the son of the late General Sanni Abacha, to stop the Nigerian Federal Government from recovering public funds allegedly looted by his late father and family members. The victory of the Nigerian government will help it in its efforts to seize, freeze, and forfeit the Abacha assets overseas.

Mohammed Abacha and 19 companies owned by his family had asked the appellate court to overturn the decision of the Federal High Court Abuja, which dismissed their suit, challenging the constitutionality of the letters written by the Federal Government to governments of some foreign countries. Among the companies owned by the Abacha family that asked the appellate court to overturn the decision were Sulgrave Holdings Incorporation, Raw Material Development and Trading Co. Ltd., Technical Management Services Ltd., Allied Network Limited and Blue Rock Properties, Barven Holdings, Olmar Establishment, Peltora Establishment, KRH Capital Establishment, Kuritta Establishment, Tadil Overseas, Rike Limited, Warnbeck Holdings, Arwood Overseas, Larberidge Investment, Savad International, and Glotar Establishment?[more]