Nigeria and Switzerland agree return of $321 million in stolen Abacha funds

Nigeria and Switzerland have agreed a deal for the latter to return more than $300 million of funds confiscated from former Nigerian military ruler Sani Abacha. Abacha - who led Nigeria
between 1993 and his death 1998 - is suspected to have looted up to $5 billion of public funds during his reign. He was investigated for corruption during his lifetime and some of his assets have been frozen posthumously. Abacha’s son, Abba Abacha, was charged by a Swiss court with money-laundering, fraud and forgery in 2005 and spent more than 500 days in custody. In a statement issued on Tuesday on behalf of Nigerian Vice President Yemi Osinbajo, the Nigerian Presidency said that Osinbajo had met with the Swiss foreign minister Didier Burkhalter and other Swiss representatives to finalize the return of $321 million. Osinbajo said he would “guarantee that returned assets will be used in the interest of the people of this country.” Switzerland has already returned more than $720 million of the stolen funds and it is believed that Abacha may have stored up to $2.2 billion in European bank accounts. What's your take on this?