₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,137,823 members, 4,642,322 topics. Date: Saturday, 15 December 2018 at 11:54 PM

Abacha Loot: Reps To Probe Recovery From 1998 To Date.. - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Abacha Loot: Reps To Probe Recovery From 1998 To Date.. (7534 Views)

PDP Reps To Keep Vigilance On NASS To Prevent Saraki’s Impeachment / House Names 11-Member Committee To Probe Recovery Of Abacha Loot.. / Abacha $322m Loot : Reps Move To Use Fund To Resuscitate Ajaokuta Steel, Railway (2) (3) (4)

(1) (2) (Reply) (Go Down)

Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by BeeBeeOoh(m): 4:37pm On Jul 04
The House of Representatives has resolved to set up an ad-hoc committee to investigate the total amount recovered from the Abacha loot from 1998 to date.

This is one of the four resolutions made by members of the lower chamber after a long deliberation.

The resolutions were sequel to a motion of urgent national importance sponsored by Karimi Sunday.

Mr Sunday had explained that the Abacha family in 2014 entered an agreement with the federal government, forfeiting public funds in several billions of dollars to the federal government, following a plea bargaining to drop charges against the late military ruler’s son.

He said the funds have been released to the Federation in several tranches by Switzerland Government but without much disclosure to the public by government.

Recently, the Attorney General of the Federation, Abubakar Malami, signed an agreement on behalf of the federal government on the release of the last tranche of $322million to Nigeria.

The Special Adviser to the President on‘ Justice Reforms, Juliet lbekaku-Nwagwu, was reported to have said that in line with the Memorandum of Understanding signed by the Switzerland Government and the Nigerian Government, the $322 million will be paid directly to the accounts of the poorest Nigerians without recourse to the National Assembly.

Mr Sunday, however, said by virtue of Section 12 (1) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), no treaty between the Federal Government of Nigeria and any other country shall have the force of law except to the extent to which such treaty has been enacted by the.National Assembly.

“Consequently, no agreement or Memorandum of Understanding purportedly signed by the Federal Government with the Switzerland Government can have any force of law in Nigeria, except approved and enacted by the National Assembly,” he said.

He further said by virtue of Section 80 (1-3) and 81 of the Constitution of the Federal Republic of Nigeria (as amended) a revenue raised and received by the federal government shall be paid to the Consolidated Revenue Fund.

“Section 80(3) stipulates that no such monies raised shall be withdrawn from the Consolidated Revenue Fund unless the issue of such funds has been authorised by the National Assembly. As a result, no monies can be paid or expended without National Assembly approval,” he said.

He called on the federal government to come up with a Supplementary Appropriation Bill, earmarking the funds due to it from the Abacha loot for the completion of the Ajaokuta Steel Complex/Project.

Mr Karimi frowned at the decision of the federal government to distribute the money among poor families in the country, describing it as a breach of the constitution.

“How many poor families have been identified? Let’s follow the laws of the land. This is impunity and has to be stopped,” he said.

In his contribution, Hassan Saleh supported the motion as he urged the federal government to invest the recovered loot into the Ajaokuta Steel Company.

He described the government’s decision as corruption in disguise and said the money cannot be properly distributed among poor families. He also wondered what happens if the government cannot feed the poor families tomorrow.

Abdumumin Jibrin, on his part, said although he understands the federal government has the nation’s best interest at heart, “there is nothing wrong with consulting the National Assembly” as regards what should be done with the money.

He called for thorough investigation into the recovered funds and urged his colleagues not to politicise the issue.

While stating that money recovered be invested in the Ajaokuta Company, he also urged the House to “deal with the motion in isolation.”

The House thereafter resolved to establish sources of the money recovered and if at all, charges paid to lawyers and consultants.

It also resolved to find out if procedures were followed and identify if agreements entered aligns with Nigeria’s constitution.

https://www.premiumtimesng.com/news/top-news/274939-abacha-loot-reps-to-probe-recovery-from-1998-to-date.html

Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by MANNABBQGRILLS: 4:38pm On Jul 04
..........in line with the Memorandum of Understanding signed by the Switzerland Government and the Nigerian Government, the $322 million will be paid directly to the accounts of the poorest Nigerians without recourse to the National Assembly.[/b]


Since previous government have been getting this money since 1998, this is actually the first time we heard about how it is gonna be spent, cos the previous corrupt government shared 99% of it amongst themselves, (apart from the 2 years Yar'Adua spent) and you still see some people wailing and crying everywhere.
This country's issue is out of hands already. Supporters of corruption EVERYWHERE! Pathetic!!


Edit the Thread topic to 1998 from 1988 Beebee

7 Likes 2 Shares

Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by Mylove55(f): 5:10pm On Jul 04
Will they do it?
I will be happy
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by Paperwhite(m): 5:15pm On Jul 04
How will that help the present hopeless state Nigeria is @ present How have the relooted loots helped the Nigerian masses? How many probe but nothing meanful have resulted from them. undecided

3 Likes

Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by yemmight(m): 5:23pm On Jul 04
Waste of time and resources.

2 Likes

Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by IronTete(m): 5:37pm On Jul 04
wonderful
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by Teewhy2: 5:37pm On Jul 04
people reading this will think that this people are fighting for them. when they collect their own share now, we won't hear anything again.

5 Likes

Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by faithesco(f): 5:37pm On Jul 04

2 Likes

Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by 3millionia: 5:38pm On Jul 04
And this man is Buhari's role model grin


Download latest naija and foreign dj mixtapes on https://mixtape.ng
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by Nobody: 5:38pm On Jul 04
grin

2 Likes

Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by Nairalandmentor(m): 5:38pm On Jul 04
grin
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by rotadeco27: 5:38pm On Jul 04
Each day for its drama!
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by wonuks(m): 5:39pm On Jul 04
cool
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by akeentech(m): 5:39pm On Jul 04
Mylove55:
Will they do it? I will be happy
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by Nobody: 5:40pm On Jul 04
I love the whites dem too get sense. Dem return face value and did not fact in inflation and interest rate. Hahaha
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by Newpride(m): 5:40pm On Jul 04
Useless Reps....

They shld investigate the gross corruption and padding of budget that has happened in the House of Representatives.
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by Lexusgs430: 5:40pm On Jul 04
Returned, simply to be re-looted........
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by apesinola001(m): 5:40pm On Jul 04
Probe
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by Oyerinde16: 5:40pm On Jul 04
PMB, IBB, SHONEKAN, ABACHA, ABDULSALAMI, OBJ, YA ADUA,,JONATHAN, all stole, if abacha were to be alive like IBB or OBJ una fit de shout abacha abacha... let us rest abeg
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by muhdchilli(m): 5:40pm On Jul 04
ask obasanjo
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by dadavivo: 5:40pm On Jul 04
Stop wasting our time in nonsense probe this probe that.

6 Likes 1 Share

Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by BruncleZuma: 5:41pm On Jul 04
grin grin grin grin
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by greatman247(m): 5:42pm On Jul 04
Bastards, they obvious want to do that cos they won't gain a dime from the fund cos govt decides to share the fund to citizens. I support the sharing to citizens, let's eat the money and not for any projects. If the money is used for project it will end up in the pockets of rich few. That is why those reps are sad.
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by mysteriousman(m): 5:43pm On Jul 04
Joke of the year if truly this can be achieved the findings will be mind blowing cos these same funds have been looted after been recovered but I doubt if meaningful findings will be made

1 Like

Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by Lawalemi(m): 5:44pm On Jul 04
The only loot that linger with every administration in the fourth republic
Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by Lawalemi(m): 5:47pm On Jul 04
What manner of loot will take this long to recover. Abacha was a devil!

1 Like

Re: Abacha Loot: Reps To Probe Recovery From 1998 To Date.. by sigiyaya(m): 5:47pm On Jul 04
grin grin grin grin grin grin grin grin grin grin grin Hit like if you think that Nigeria is sick and funny grin grin grin grin

2 Likes

(1) (2) (Reply)

Ekiti State Govwenment Dissolves Boards Of Agencies And Parastatals / I Can’t Prostrate To Any Monarch Except Alaafin -afe Babalola / Lagos Island Boils Again As Nurtw Factions Clash

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2018 Oluwaseun Osewa. All rights reserved. See How To Advertise. 74
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.