Human rights group, Socio-Economic Rights and Accountability Project (SERAP) has urged the Federal Government to use the recovered $350m (about N115bn) Sani Abacha loot to invest in infrastructure.

Recall that the Federal Government plans to share the recovered N115bn among 300,000 households in 19 states with each getting N5,000.

However, in a statement on Sunday, SERAP said rather than share the N115bn among households, the money should be spent on education, health care and provision of social amenities.

“The authorities should do the right thing with the returned loot and show Nigerians that they can properly and efficiently invest the funds in projects that would provide tangible benefits to the victims of corruption who are the socially and economically vulnerable sectors of the population,” the statement said.

“The authorities can use the loot to fund universal health care programme and a tuition assistance programme that would provide post-secondary/university education scholarships to young Nigerians from poor families and who would otherwise lack the resources to carry out their studies.

“In any case, sharing the returned loot to households in 19 states because the remaining 17 state governments have not yet put in place the appropriate platform through which to implement the NAASP is both unfair and discriminatory.

“The planned distribution is also vulnerable to abuse and corruption by state governors, who may push for the funds to be given to their supporters and thus used for parochial and political purposes.

“The proper and efficient spending of recovered funds is key for development and can support efforts to combat grand corruption.

“Spending returned looted funds offers an opportunity to right wrongs committed by corrupt officials, rebuild public trust, and invest in the development of communities most affected by grand corruption in the country to improve the prospects for meeting many of the Sustainable Development Goals.”

Source:
https://www.concisenews.global/2018/07/02/serap-faults-fgs-plan-to-share-350m-abacha-loot/

A GOVERNMNT OF DEATH AND LIES....
$322m Abacha Loot: FG Begins Cash Transfer To Poor Homes
Abacha did not steal yet his loot is real. Abacha's loot came from Nigeria's crude oil, now it is being shared to strangers only. Is this fair? Was any study conducted to determine the poor?
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