FG Disburses $103.64M Abacha Loot To The Poor  

Jayfred Ugo

Jayfred Ugo

Mrs Maryam Uwais, Special Adviser to President Buhari on Social Investments, has informed Nigerians that the Federal Government has utilized the recovered loots of the late Head of State of Nigeria, Gen. Sani Abacha.

The International Development Association/World Bank for Illicit Funds also helped, as the Federal Government deployed programmes and policies which would help to channel the massive political loots to save the plight of poor and vulnerable Nigerians.

Mrs Maryam, while delivering a speech on illicit funds, announced that from August till October 2018, the payment cycle has already disbursed a total amount of  $76,538,530 and $27,099,028 from the IDA credit, courtesy 'The Abacha Loot.'

The Presidential aide, Uwais, also said the illicit funds were specified to be disbursed to subsequent beneficiaries of the National Cash Transfer Programme. She classified the programme as one of the components of the National Social Investment Programme. She added that the gesture is positively changing the fortune of many Nigerians.

The Swiss government, the World Bank and the Federal Government of Nigeria had reached the decision to properly distribute the Abacha loot and the IDA funds to poor and vulnerable Nigerians. The list of Vulnerable Nigerians was reportedly unearthed from a National Social Register, collated by the National Social Safety Net Coordinating Office.

Mrs Uwais recently assured Nigerians and the media that the policies created by the Federal Government would help to ensure that the funds are well utilised and not diverted to private pockets, as was the case in the past.

"In December 2014, a Swiss judge gave a forfeiture order to the effect that the money ($322.5m) recovered from the family of late General Abacha would be returned to Nigeria, one of the conditions being that the World Bank would be involved in monitoring disbursements therefrom," Mrs Uwais explained.

Happenings Media