How not to spend Abacha loot
— 23rd July 2018
Months after receiving the $322.5 million Abacha loot from the government of Switzerland, the Federal Government has finally disclosed how it will spend the recovered fund. According to the presidency, the government has decided to share the money to the poorest of the poor citizens.
READ ALSO: FG, Switzerland sign pact on asset repatriation
READ ALSO: Switzerland returned $322.5m Abacha loot with interest – Envoy
This decision, according to the Special Adviser to the President on Social Investment, Mrs. Maryam Uwais, was due to the Memorandum of Understanding (MoU) signed with the Swiss authorities and civil societies. Also, the Special Assistant to the President on Judicial Reform, Juliet Ibekaku Nwagwu, explained that government decision followed a Swiss court order prior to the repatriation of the loot that it…
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