“the proceeds of corrupt practices in Africa…are often laundered and made respectable by some of the most well-known banks in the City of London…It is estimated that a third of the money stolen by the Nigerian military dictator Sani Abacha, and found by the Swiss authorities in Swiss banks, had been deposited first in the British banking system until it was clean enough to bank in Switzerland…”
Mohamed Ibrahim, founder of Celtel International , referring to Royal African Society Report on Corruption (via Pablo at PSD blog)
The General Abacha is estimated to have stolen $3 billion to $5 billion from the state coffers.
