Femi Falana Wants To Sue Foreign Banks Over Abacha, Ibori Loot
Nigeria’s popular human rights lawyer, Femi Falana believes that foreign banks who helped former military dictator, Sani Abacha and former Delta State Governor, James Ibori keep their loot should also be held liable for the looting.
Falana is planning to sue these foreign banks for being complicit in the looting of billions of naira by the two men.
Surprisingly, the Nigerian government has given him the green-light to start the litigation.
Falana said the Federal Government had given him and a consortium of lawyers the go ahead to proceed with the legal proceedings against the foreign banks.
Thus, banks which specifically warehoused money recovered from the estate of Abacha, Ibori and others are being targeted.
Falana who disclosed this at the end of a two-day training workshop on anti-corruption monitoring and reporting in Abuja, on Thursday, explained that the foreign banks would be taken to court and made to pay damages to Nigeria “for the role they played in the illegal repatriation of our common patrimony”.
According to him, it would be unjust to allow the banks to return a fraction of the principal amount stolen from Nigeria after keeping such funds for up to 20 years without compensating the people from which these funds were stolen from.
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