Buba Galadima, one of Nigeria’s leading politicians, has disclosed the alleged reasons why former military dictator Sani Abacha stashed out of the country billions of dollars that belonged to the Nigerian government.
However, Galadima said in an interview with The Nation that Abacha didn’t loot the money as the Nigerians widely believed. Abacha stashed the money abroad over the likelihood that the United States would sanction Nigeria, Galadima says.
He said the late military dictator has been advised by some of his colleague leaders around the world to save any money outside the country so there won’t be panic if Nigeria ‘s account finally falls to the US. Saddam Hussein and Muammar Gaddafi were among those who had recommended Abacha, according to Galadima.
His words: “I have a completely different idea about what you called Abacha loot. I know as a fact that at that time, Abacha with knowledge of key members of his government, who knew about this money being stacked out, he was rightly advised by some of his colleague presidents around the world. “Saddam Hussein was one of them. Muammar Gaddafi was one of them. They advised him that there was the likelihood that the US could sanction Nigeria and as such he should save money outside that could last the country, at least, six months, even Nigeria’s account was blocked by the US, there won’t be panic.”