The Federal Government (FG) has disclosed how the recovered $104 million Abacha loot was spent. The Special Adviser to the President on Social Investments, Maryam Uwais announced that the money was spent on programmes designed to address the plight of poor and vulnerable Nigerians thereby alleviating poverty in the country.

Uwais disclosed this during her keynote address at a two-day Experts’ Training and Advocacy on Tracing and Recovery of Illicit Funds and Assets organised by the Human Environmental Development Agenda HEDA, in Port Harcourt, Rivers State.

The Presidential aide said the total amount disbursed from the Abacha loot from August 2018 to the October payment cycle was $76,538,530 and $27,099,028 from the IDA credit. She explained that the funds were sent to beneficiaries under the National Cash Transfer Programme, which is a part of the National Social Investment Programme.

On what prompted the decision to distribute the funds to the poor, Uwais said that it was decided over by a combination of the Swiss government, the World Bank and the Federal Government. This was to ensure that the funds were well utilised and not diverted to private pockets, as was the case in the past.

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 therefrom.

“Presumably, this was as a consequence of the opaqueness that surrounded the application of recovered funds.”

wais listed key achievements of the Cash Transfer Programme funded with the Abacha loot and IDA loan facility to include enrolment and payment of 620,947 beneficiaries across 29 states. She went on to express regret that there were millions of Nigerian citizens who had never felt the presence of government in their lives, adding many of them had continued to struggle to eat one meal a day.

https://nairametrics.com/2019/10/22/recovered-n31-8-billion-abacha-loot-was-spent-on-the-poor-says-fg/

I'm tired of Nigerian Government




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u recovered the looted money only to loot it again

Poor people oya come oooo....
#31.8bn...only una.....hian

This government are not f.cking serious at all.. they claim they spent 31.8billion on the poor and yet Nigeria is one of the poorest countries in the world... What's wrong with this country for God's sake. EFCC that supposed to catch these people dey chase yahoo boys when the big fish dem dey there dey pack money like never before. God save us all.

Which poor ?

Spent to make dem more poorer...

No. The money has been wasted on Almajiris and on the citizens of Greater Daura Emirate in Niger Republic. Let us know who and who received what amount and in which States.

Crooks

but y didnt u guys use it to fund the budget ...I smell lies

DJ, abeg play me Audio Money (remix) - Rudeboi ft Buhari.

when did they start sharing money and no one told me... errm! oga FG I Neva get my own percentage ooo

Ha

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Osubade and the ya'ribas cannot can

Story story..... money that has been re-looted, that's just an excuse for a cover up.

Mad people, only fools can take this people serious

I agree with them, they spent it on the poor to make the poor poorer...


They used the money to build the World Headquarters of the poor...


They want to use some to sponsor the poor in the upcoming Kogi Guber...

Who is ashamed of this country of late?


Well, shame no dey catch mad man na Im family members dey shame for am...

These people are insane

Folly if I may say. Who are the poor? 620,947people, this is a mirage. We have millions living below konko below line. You're tempted to wonder if Abacha looting it is of more advantage and patriotism than this vanishing spending.

Poor people, oya come out....let's verify

Which poor

God of haeven! Indirectly they are telling us that the money don enter voice mail be that ooooo

Wasted fund... 10,000 for the poor right? and the same poor people you're charging 5k for National identification card renewal... Same Abacha Mr Integrity said never eat out of the baked national cake, brain-dead government... Next Level jor

Who do us like this

Yes I swear it’s true I can testify to this,I just received alert now!!!!!!

Buhari is the biggest fraudster ever.

The presidency are known serial liars.

They lie about virtually everything.

Is it about how our rice sufficiency crippled Thailand?

Or how Book Haram have been defeated?

Is it the lie that they are fighting corruption?

Or the lie that they don't know telecoms and banks wants to charge us for USSD when they themselves have set the pace to tax them to hell?

Or the lie that Buhari has school certificate?

Or the the lie that 2019 election was not rigged?

Its just numerous to count.

These guys are liars back to back.