Skip to main content

S322.5m Abacha loot: Beneficiaries reportedly receive N6bn

- About N6 billion has been disbursed from the $322.5m recovered from Late Sani Abacha

- A group monitoring the spending confirmed the figure

- The government said it was working to make sure the funds go round the country

The Africa Network for Environment and Economic Justice (ANEEJ) has said that more than N6 billion has been disbursed from the $322.5m recovered from late former head of state, Sani Abacha.

Daily Trust reports that this was revealed by Rev. David Ugolor at the pre-OGP summit of the CSO with stakeholders in Abuja.

READ ALSO: 9 days to inauguration of his second term, Buhari meets Tinubu in Makkah

Ugolor said ANEEJ has been “monitoring the disbursements through its Monitoring the Use of Recovered Assets in Nigeria through Transparency and Accountability (MANTRA) project.”

He confirmed that the beneficiaries were paid the amount in December 2018 through the federal government’s cash transfer which has been going on in some states of the federation.

Maryam Uwais who is the special adviser to the president for social protection said an office has been set up to ensure that the whole country receives the fund.

She said the country has opened discussions with the World Poverty Data Lab to review the poverty assessment with the current data.

She said: “They want to come back to Nigeria because the data they used was 2012/2013 and the indicators for them was clearly different from what we consider in Nigeria.”

Meanwhile, the alleged disbursement by the federal government of the $321million General Sani Abacha’s loot, repatriated from Switzerland, without clearance from the National Assembly is still causing ripples in government circles.

According to The Guardian, while the Senate insists that is unaware of any budgetary proposal from the executive regarding the sharing of the money, the House of Representatives expressed surprise over claims that the presidency ordered the distribution of the monies to indigent Nigerians prior to the 2019 elections.

But the presidency insists that the implementation of the disbursement mainstreamed in the federal government’s Social Investment Programme (SIP) and meant to address abject poverty commenced since August last year, after the programme met the back-end requirement of the World Bank to ensure accountability and transparency of the distribution.

However, according to the Senate appropriation committee led by Senator Danjuma Goje, such expenditure was never part of the 2018 budget.

NAIJ.com (naija.ng) -> Legit.ng We have upgraded to serve you better

Nigeria News 2018: Abacha Loot - The Federal Government To Share $322M To Nigerians | - on Legit TV

Source: Legit.ng



from Nigeria News Today & Breaking Naija News 24/7 | LEGIT.NG http://bit.ly/2JwtiWl
via EDUPEDIA24/7

Comments

Post a Comment

Popular posts from this blog

Dust haze weather to prevail on Thursday, December 27

- The Nigerian Meteorological agency (NiMet) predicts thick dust haze weather conditions over most parts of the country - NiMet predicts northern states would experience dust haze - The agency also predicts early morning mist/fog is expected over the coastal cities The Nigerian Meteorological Agency (NiMet) has predicted thick dust haze weather conditions with reduced visibility over most parts of the country on Thursday, December 27. NiMet’s Weather Outlook on Wednesday, December 26, in Abuja, revealed that the central region of the country would record dust haze condition with visibility range of two to five kilometres throughout the day. It added that day and night temperatures of 27 degrees Celsius to 34 degrees Celsius and 10 degrees Celsius to 20 degrees Celsius, respectively, would prevail over the region. READ ALSO: Police reportedly arrest Badeh’s alleged killers The agency predicted that the northern states would experience dust haze with visibility range of two to fi...
Post a Comment
Read more

N2.5bn Fraud: You Have Case To Answer, Appeal Court Tells Suspended NBC Boss, Kawu

The Director General of the National Broadcasting Commission, NBC, Ishaq Kawu. The Court of Appeal, sitting in Abuja, has dismissed an appeal filed by the suspended Director-General of the National Broadcasting Commission, Dr Moddibbo Kawu, challenging the decision of the Federal High Court, to dismiss the no-case submission he filed at the lower court. The Independent Corrupt Practices and Other Related Offences Commission had charged Kawu, Lucky Omoluwa (late Chairman of Pinnacle Communications Ltd) and Dipo Onifade, Chief Operating Officer of the same company, before Justice Folashade Ogunbanjo-Giwa, on a 12-count charge of money laundering. Is'haq Modibbo Kaw THISDAYLIVE The suspended NBC boss and his co-accused then approached the appellate court to reverse the judgment of the Federal High Court. The appellate dismissed the no-case submission filed by Kawu and his co-accused and held that they had an explanation to give when he elected to facilitate the payment of ...
Post a Comment
Read more

Buhari’s Legacy Of Recessions By Fredrick Nwabufo

Fredrick Nwabufo ‘Why always Buhari?’ As it was in 1984 under General Buhari, so it is in 2016 and 2020 under President Buhari? Is it by the unfortunate hands of kismet that recession hits Nigeria every time Buhari takes charge of the country’s affairs? If the recession of the 80s under Buhari was a conspiracy by economic and political factors, to what do we attribute that of his first coming as a civilian President — and now in his second coming? Why does pestilence scourge the land, hunger ravage the population and lives lost malevolently when Buhari presides over the country? Why always Buhari? Buhari’s undoing is his wonted predilection for hierarchising ethnicity, religion and loyalty above competence. Since 1999, no President has obtrusively shown a more nepotistic aspect than Buhari. It is unarguable that the President arrays the most competence-challenged cabinet ever in the chronicle of governance in Nigeria. Yes, a recession cabinet. Fredrick Nwabufo Here is a cabin...
Post a Comment
Read more