FG: We Will Publish How We Shared $322.5m Abacha Loots To 1.9m Poor Nigerians Next Month

The entire $322.5 million Abacha loot of 2017 has been distributed by the federal government to 1.9 million vulnerable and impoverished Nigerians.

The funds were deposited and accumulated interest of $11 million prior to the disbursement.

This disclosure was made yesterday in Abuja by Mr. David Ugolor, Executive Director of ANEEJ, an independent monitor providing an independent report on the use of the funds

Mr. Ugolor told reporters that “the Abacha loot is exhausted. An interest of $11 million was accrued in the money where it was saved and it was disbursed to around 1.9 million poor Nigerians”.

Ugolor added that “no politically motivated data was used in selecting the beneficiaries; the National Social Register was used to determine those who will benefit and the register is updated regularly to remove those who have died”.

According to the ANEEJ Executive Director, “the Abacha loot that was recovered have been exhausted, we have a responsibility to inform Nigerians and then to make sure to tell them what the money was used for”.

He noted that, “it is a very controversial issue that people sit down at home and begin to point fingers that Abacha’s money has been stolen. What we have done with this monitoring is very ground breaking”.

Ugolor said ANEEJ will publish by the end of next month, state by state data of how the money was disbursed.

 

 

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