Advertisements

Abacha’s loot to be shared among poor Nigerians in July

Spread the love

Money Abacha.jpg

The Federal Government says it will commence disbursement of the recovered $322 million dollars Abacha loot through Conditional Cash Transfers (CCT) to 302,000 poor households in 19 states in July 2018.

Mr Tukur Rumar, of the National Cash Transfer Office (NTCO), disclosed this at an event organised by the Swiss Embassy in Abuja yesterday June 28th.

According to Rumar, 19 states which includes Niger, Kogi, Ekiti, Osun, Oyo, Kwara, Cross River, Bauchi, Gombe, Jigawa, Benue, Taraba, Adamawa, Kano, Katsina, Kaduna, Plateau, Nasarrawa, Anambra and Internally Displaced Camps (IDPs) in Borno are to benefit from the repatriated loot.

He noted that the benefiting households will be derived from the National Social Register (NSR) that the 19 states are already on and that each household would receive N5,000.

Meanwhile, the Swiss Ambassador to Nigeria, Eric Mayoraz has said that the $722 million of the Abacha loot that was hidden in Switzerland was fully repatriated in 2005. He also said that the 322 million dollars that was repatriated in Dec. 2017, was frozen by the Swiss Attorney-General though not domiciled in Switzerland but in other countries, mainly Luxembourg.

He, however, said measures had been put in place to ensure that Swiss banks do not act as safe haven for looted funds from other countries.

 

Advertisements
About meziesblog.com (5497 Articles)
I'm a China-based teacher, blogger and freelance writer readily available for hire.

Leave a Reply

%d bloggers like this: