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Federal Government to share $322m Abacha loot to Nigerians

Federal Government to share $322m Abacha loot to Nigerians 1

The Federal Government of Nigeria is making final arrangement to disburse $322 million fund discovered from the accounts of former Head of State, late General Sani Abacha in Switzerland to Nigerians.

The information was disclosed by The National Coordinator of the Open Government Partnership (OGP), Nigeria and Special Assistant to the President on Justice Reforms, Juliet Ibekaku-Nwagwu recently in an interactive session with newsmen.

Ibekeaku-Nwagwu said under MoU with Switzerland the funds would be paid directly into the accounts of the poorest Nigerians through their various accounts for two years and identification numbers to be made available on the website being developed by the National Social Investment office and the World Bank.

She solicited the patience of Nigerians, explaining that the agencies working on the modalities would brief the public on June 28, adding that the process for the payment will be transparent for civil society and the media to monitor.

She said despite oppositions against the MoU from within and outside government, the Attorney General of the Federation (AGF), Abubakar Malami (SAN) and his team have pursued President Muhammadu Buhari’s agenda of ensuring that the $322m was returned for deployment in the social safety nets project, which would make targeted transfers to the poor and vulnerable households.

“The poorest members of the community will be registered online, and before you make any payment, they must have an ID number so that every payment would be tracked. No amount will be paid out without a joint signature between Nigeria and the World Bank and without identification of individuals,” she said.

Ibekeaku-Nwagwu said President Buhari’s commitment to the Open Government Partnership during the London Summit in 2016 has enhanced transparency and accountability in government budgeting and contracting, adding that “If there is anything we have achieved its about getting Nigerian citizens to become conscious about what is happening with their money.”

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Written by Katumu Adasi

Katumu Adasi is blogger and digital marketer who use his leisure time on research, love to listen to good music

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