The government of Switzerland is concluding arrangement on how to transfer another $300 million recovered from the family of former military ruler, Sani Abacha, foreign minister, Geoffrey Onyeama has said.

He said this on Monday, adding that the money is part of an estimated $5 billion stolen and stashed in foreign accounts by the late dictator.

Nigeria has in the last 10 years received over $1 billion from the Swiss and American governments, but there are growing concerns past administrations misused the huge sum.