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Title : Federal Government to share $322m Abacha loot to Nigerians
link : Federal Government to share $322m Abacha loot to Nigerians

Federal Government to share $322m Abacha loot to Nigerians

The Federal Government has announced plan to disburse $322million fund repatriated from the accounts of former Head of State, late General Sani Abacha in Switzerland to Nigerians.

National Coordinator of the Open Government Partnership (OGP), Nigeria and Special Assistant to the President on Justice Reforms, Juliet Ibekaku-Nwagwu made the disclosure in a chat with journalists.

Ibekeaku-Nwagwu said under MoU with Switzerland, the money would be paid directly into the accounts of the poorest Nigerians through their various accounts for two years.

The aide stated that this would be done through identification numbers to be made available on the website being developed by the National Social Investment office and the World Bank.

She explained 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.

“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.

“If there is anything we have achieved, it’s about getting Nigerian citizens to become conscious about what is happening with their money”, she said.

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