Sections
DONATE
SUPPORT WWW.JOLLOFNEWS.COM
Account Login
Millions in Laurent Gbagbo assets frozen in Switzerland
Friday, 06 May 2011 00:01
(BBC) - Authorities in Switzerland say they have frozen assets worth 70m Swiss francs (£49m; $81m) linked to former
Ivory Coast President Laurent Gbagbo.The government ordered the freeze in January, after Mr Gbagbo refused to cede power despite losing an election.
Ivory Coast must prove the assets were gained criminally if it hopes to reclaim them.
Ivory Coast's Constitutional Council has ratified the election victory of Mr Gbagbo's rival, Alassane Ouattara.

The top court sparked a four-month stand-off in December by overturning the electoral commission's finding that Mr Ouattara had won.
The council, headed by Gbagbo ally Paul Yao N'Dre, annulled thousands of votes cast in favour of Mr Ouattara in rebel-held areas of the north, where Mr Gbagbo had alleged fraud.
The UN, which helped organise the elections, says it found no evidence of widespread fraud.
Mr N'Dre says he now accepts Mr Ouattara's victory.
He met Ivory Coast's new leader last month but refused to accept blame for the crisis, saying all sides shared responsibility.
Mr Gbagbo was arrested in April after a four-month stand-off following last November's elections.
Mr Ouattara's government says the former president is being investigated for alleged human rights abuses committed while he was in power.
Some 3,000 people are believed to have been killed during the unrest.
North African assets
Switzerland said earlier this week it had frozen assets worth SFr830m linked to regimes recently ousted from power North Africa.
Of that, the largest proportion - SFr 410m - was linked to former Egyptian President Hosni Mubarak and his circle, the Swiss foreign minister said.
Another SFr 360m was believed to belong to Col Muammar Gaddafi's regime in Libya.
A further SFr 60m was tied to former Tunisian leader Zine al-Abidine Ben Ali and his associates.
Jollofnews Poll
Who do you think should be the next President of The Gambia?
Follow us on Twitter

-
Welsh valleys welcome torch relayThousands of people line the route of the Olympic torch relay as it winds its...

-
Islamist and ex-PM vie for mantle of Egypt's revoltCAIRO (Reuters) - The Muslim Brotherhood and a military man identified with the police state...
-
Bristol Rovers Speed Merchant Could Be Racing To Posh(GamSports) – Peterborough United are thought to be one of a number of Championship sides...

Comments
"We can only hope that Laurent and Simone Gbagbo and the Ivorian people do not continue to suffer as abused and humiliated victims of a global system which, in its interests, while shouting loudly about universal human rights, only seeks to perpetuate the domination of the many by the few who dispose of preponderant political, economic, military and media power.
The perverse and poisonous proceedings that have afflicted Côte d'Ivoire pose the urgent question: How many blatant abuses of power will Africa and the rest of the developing world experience before the vision of a democratic system of global governance is realised?"
"Thus, in various ways, the events in Côte d'Ivoire could serve as a defining moment in terms of the urgent need to reengineer the system of international relations. They have exposed the reality of the balance and abuse of power in the post-Cold War era, and put paid to the fiction that the major powers respect the rule of law in the conduct of international relations, even as defined by the U.N. Charter, and that, as democrats, they respect the views of the peoples of the world."
http://today.gm/hi/news/3380.html
WHOSE WORDS ? One Million Dollarsi for first right answer.
The money should be used to compensate the victims
RSS feed for comments to this post.