Politics

Federal Government disburses over $103million Abacha loot to 620,947 Nigerians

The Senior Special Assistant to President Muhammadu Buhari on Social Investment, Maryam Uwais

Maryam Uwais, the Special Adviser to President Muhammadu Buhari on Social Investments, has revealed that the Federal Government has disbursed $103.64million Abacha loot to poor Nigerians.

Mrs. Uwais stated this while speaking on Monday at the training on illicit funds. She noted that from August 2018 to October, $76,538,530 Abacha loot and $27,099,028 International Development Association credit have been disbursed.

She noted that the decision to disburse the funds to poor and vulnerable Nigerians was reached by the Swiss Government, World Bank and the Nigerian Government.

“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.

The presidential aide noted that through the Cash Transfer Programme, the funds have been paid to 620,947 beneficiaries across 29 states of the federation.

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