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Switzerland to Return to Nigeria $450 Million Tied to Abacha Regime

The Swiss Supreme Court has ordered authorities to hand over to Nigeria more than $450 million linked to the West African nation's late dictator, General Sani Abacha.

The court Wednesday rejected arguments by General Abacha's family that the money stay in Switzerland. However, it said an additional $47 million will remain in a holding account while the government continues to investigate whether or not it was criminally obtained.

The Swiss Justice Department ruled last August the money be returned to Nigeria, but the decision was contested by the Abacha family. Switzerland has already returned about $200 million to Nigeria. Nigerian authorities have accused General Abacha, who died in 1998, of looting more than $2 billion in state funds.

Some information for this report provided by AP and Reuters.