"Abacha loot” A Well-Planned Economic Empowerment Fund Designed To Support Nigerian Entrepreneurs - Mustapha

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Retired Major Hamza Al-Mustapha, former Chief Security Officer to late Head of State, General Sani Abacha, has pushed back against widespread claims that the billions of dollars recovered by successive Nigerian governments were stolen personal funds of his former boss.

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Speaking in an interview with BBC Hausa Service on Democracy Day, Al-Mustapha claimed that the so-called “Abacha loot” was, in fact, a well-planned economic empowerment fund designed to support Nigerian entrepreneurs during a period of global sanctions—similar to Libya’s model under Muammar Gaddafi.

“The money was not deposited in Abacha’s name,” he stated firmly, daring critics to provide any evidence or documentation directly linking the funds to the late general’s personal accounts.

He alleged that many of the individuals who benefitted from the economic initiative after Abacha’s death either diverted or refused to return the funds, which were later rebranded as looted assets.

Beyond addressing the controversy around the funds, Al-Mustapha also revisited the murky circumstances surrounding the deaths of both General Abacha and Chief MKO Abiola, drawing eerie parallels. According to him, both men suffered from unexplained swelling of the heart and chest—symptoms he believes point to foul play.

In a political twist, Al-Mustapha used the platform to reassert his presidential ambition, confirming he will contest in the 2027 general elections. “This time, my ambition is serious and unwavering,” he said.

The interview has reignited public debate on Abacha’s legacy, the mystery behind his death, and Al-Mustapha’s controversial role in Nigerian history.

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