Abacha Loot: FG Distributes $103.64m To The Poor

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The Federal government has disbursed $103.64m recovered from Abacha loot and the International Development Association /World Bank credit to poor and vulnerable Nigerians.

The Special Adviser to the President on Social Investments, Maryam Uwais revealed this while delivering an address at the training on illicit funds.

She said the decision to distribute the Abacha loot and the IDA funds to poor and vulnerable Nigerians, who were mined from a National Social Register, collated by the National Social Safety Net Coordinating Office, was reached by the Swiss government, the World Bank and the Federal Government.

This, she said, would help to ensure that the funds were well utilized 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 there from.

“Presumably, this was as a consequence to the opaqueness that surrounded the application of recovered funds,” Uwais said.

She said efforts to tackle poverty in Nigeria must also take into consideration the basic and peculiar needs of the people.

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