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Irish government to return €5.5m in funds misappropriated by former Nigerian leader

The government said the funds were frozen in a Dublin-based bank account.

THE IRISH GOVERNMENT has signed an agreement with Nigeria to return funds misappropriated by Nigeria’s former leader General Sani Abacha, which were frozen in an Irish bank account.

Abacha ruled Nigeria from 1993 until 1998. The assets misappropriated by the former leader were frozen in a Dublin-based bank account by the Criminal Assets Bureau in October 2014.

Following an application by the Nigerian authorities last year, the High Court made an order providing for the return of these assets to Nigeria.

Today Justice Minister Helen McEntee said the signing of the agreement represents the culmination of a long process which began with an internationally led investigation.

“The Criminal Assets Bureau took part in this international operation which led to the freezing of over $1 billion in funds worldwide, of which approximately €5.5 million was identified in a Dublin based bank account,” she said.

McEntee said the return of these assets will be the first time that Ireland has taken such action and “will be a concrete demonstration of Ireland’s commitment to international cooperation in the fight against corruption and to assisting countries which have been adversely affected by corruption in the past”.

“This very welcome outcome has been achieved by significant multi-agency collaboration in Ireland. In addition to the work of the CAB and my own department, the Department of Foreign Affairs and Trade has worked closely with the authorities in Nigeria in relation to this matter.

“I want to congratulate all those who worked towards achieving the conclusion of this Memorandum. It demonstrates the intent of both States to uphold our shared values and our international obligations to eliminate corruption.”

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    Mute Eamon
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    May 14th 2013, 7:53 PM

    An anonymous researcher eh? We all know Batman has form for this type of thing.

    131
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    Mute Pokey2013
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    May 14th 2013, 9:14 PM

    I’m with you, definitely batman!

    25
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    Mute Patrick Murray
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    May 14th 2013, 7:46 PM

    That’s my PC – the little red blob under the blue one!

    72
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    Mute Niall Carvill
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    May 14th 2013, 10:29 PM

    The gif that keeps on giffing.

    53
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    Mute billtipp
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    May 14th 2013, 7:57 PM

    Is this where my download limit went ?

    40
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    Mute Adrian Egan
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    May 14th 2013, 8:49 PM

    That’s cool, probably illegal but still cool

    33
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    Mute Marcus Clifford
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    May 14th 2013, 11:45 PM

    I guess canadians dont like the internet.

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    Mute Chris Nolan
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    May 14th 2013, 11:51 PM

    They have other things to worry aboot.

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    Mute Marcus Clifford
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    May 14th 2013, 11:54 PM

    Yeah, those moose wont milk themselves.

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    Mute Gerarda Cronin
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    May 15th 2013, 4:23 AM

    Actually, Canadians have the world’s highest per capita Internet use.

    http://www.theglobeandmail.com/technology/tech-news/canada-tops-globe-in-internet-usage/article551593/

    Interpretation of the map needs to consider population density. Most Canadians. Live close to the US border. Population density in the North is very low.

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    Mute Basil Minhas
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    Jul 10th 2013, 9:18 AM

    That’s because 95% of Canada’s Population is right along the American Border so it blends in with the US

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    Mute Basil Minhas
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    Jul 10th 2013, 9:25 AM

    We don’t say that

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    Mute Joseph Bosh
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    May 14th 2013, 9:25 PM

    ‘Took control’ I assume there’s good reason he stayed anonymous! Still pretty cool though!

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    Mute Kerry Blake
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    May 14th 2013, 7:39 PM

    Nice gif but some people have way to much time on their hands….

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    Mute enda
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    May 14th 2013, 7:58 PM

    Gif him a chance

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    Mute Pokey2013
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    May 14th 2013, 9:15 PM

    Gif over Enda!

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    Mute Don Colvin
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    May 15th 2013, 1:01 PM

    This is ridiculously illegal ( “control over some 420, 000 …” ), but results are pretty cool.

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    Mute Popeye
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    May 15th 2013, 9:30 AM

    The differences in primetime usages depending on daylight between Ireland and the US is interesting. Ireland hits a peak near end of daylight whereas the US East and West peak midway through available daylight hours.
    I wonder if that changes again significantly depending on Winter/Summer time daylight hours?

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    Mute Basil Minhas
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    Jul 10th 2013, 9:43 AM
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