The Nigerian government is planning to distribute the next batch of loot from Swiss Authorities recovered from former military Head of State, Gen. Sani Abacha.

The presidency wants to share the recovered $321 million to vulnerable families in the country and according to the BBC, around 300,000 households are expected to get $14 (₦5,000) from July 2018.

Irrespective of the seeming good intention of the government, considering that this will be a nationwide exercise, how efficient are the modalities in place to achieve the said goal?

Only 40% of Nigerian adults are banked, this means there’s a high possibility these targeted households are out of the financial system. How then will they be reached?

In a tweet, President Muhammadu Buhari’s Special Assistant on Digital/New Media, Tolu Ogunlesi revealed that the Swiss government insisted on Nigeria adhering to certain conditions before the release of the funds, one of which is that the money would be spent on the Cash Transfer to vulnerable households.

Another condition to release the funds is that World Bank will oversee the disbursement.

At $14 monthly for 300,000 households which equals $4.2 million, the total fund will last 76 months, not considering the cost that may be associated with the distribution.

The Vice President, Yemi Osinbajo affirmed that beneficiaries of the monthly payment would be determined from a register that’s being developed.

Osinbajo who was represented at the launching of the Monitoring of Recovered Assets through Transparency and Accountability project by the president’s Special Adviser on Social Protection, Mrs Maryam Uwais revealed that the register would have captured the entire country by year-end.

The register is expected to have beneficiaries’ telephone number and pictures captured which only few devices have nice camera quality e.g Tecno, etc. (see picture for camera quality.)

The distribution is expected to be powered by a network of agents as Uwais said commercial banks backed down from the project on the basis that biometric registration is expensive.

Also, how feasible will this new biometric exercise be?The National Identity Management Commission (NIMC) would have been of great impact in identifying the target populace but it’s yet to deliver on its mission for a sustainable world-class identity management solution.

The biometric registration exercise by NIMC has been on for a couple of years and is yet to come up with a complete database of Nigerians. Will this be different on the notion that the target audience is just 300,000 as against the total adult population that NIMC is targeting?

According to The Guardian, more than ₦45 billion ($12 million) was spent on the Bank Verification Number (BVN) registration exercise. Irrespective of the number of the targeted populace, it would probably require similar infrastructure since it’s also a nationwide exercise.

From a positive perspective, this also means the 774 local governments in Nigeria can serve as collection points in as much as the cost of distribution would not be higher than the monthly stipend for targeted households.

Basic mobile transactions are another option to consider. (As seen in pic 2)

There are currently players in the financial industry that allow fund transfer to a telephone mobile which can be cashed from an agent or via the Automatic Teller Machine (ATM) using cardless withdrawal features.

Some quarters have been calling on the federal government to commit the funds to developmental projects that would have an impact on the general public. With questions around the sustainability and the best disbursement methods, a developmental project might just be the best option.

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https://techpoint.ng/2018/07/18/sharing-recovered-321m-abacha-loot/

all those condemning the government....they have all been put to shame..the more you talk negatively the more the government delivers positively.. the funds to be allocated to people through their BVN... great! at least the beneficiaries can easily be identified.. for those asking how the money will be disbursed, here is your answer!

Abacha never looted and I can prove that.

The government is only using the word "loot" so that IPOB thugs and PDP demons can get orgasm for it.

Abacha detested corruption, you can ask Mr Duke that, he'll tell you again.

Abacha was a very close friend of mine and I knew him well.
He told me a lot of secrets, I trust him.

beegodson:
all those condemning the government....they have all been put to shame..the more you talk negatively the more the government delivers positively.. the funds to be allocated to people through their BVN... great! at least the beneficiaries can easily be identified.. for those asking how the money will be disbursed, here is your answer!

Mos of Nigeria's 79 million extremely poor people are unbanked so what BVN are you talking of

A cheap political strategy to win the hearts and minds of the gullible in 2019 election

FarahAideed:


Mos of Nigeria's 79 million extremely poor people are unbanked so what BVN are you talking of

is it by force to comment,
if you don't know what to criticize, just praise the government.

Shelumiel:
A cheap political strategy to win the hearts and minds of the gullible in 2019 election

someone will not still help the masses in peace,
Is it a crime to win peoples mind.

Jobless aggressive lazy people sef.

buhariguy:
is it by force to comment,
if you don't know what to criticize, just praise the government.

Get behind me zombie ..i have nothing applaud Buhari about

How true is that??

Why share the money to the citizens when they don't have basic amenities? Instead of share the money, the government t should invest it into the economy, repair bad roads and build new ones. They can also use it to rehabilitate weak institutions. Anything that will benefit the economy, and not sharing the money. That's total cluelessness

buhariguy:
someone will not still help the masses in peace,
Is it a crime to win peoples mind.

Jobless aggressive lazy people sef.

have you ever thought that money spent can't be reinvested? But do you know that money invested would would bring returns? Why share the money to be spent instead of using it to carry out projects that everyone would benefit from?

They could have used it to hold new roads, schools, etc

Bastardized JewPobic Biafraudenese Lost tribe of israel condemned this cash transfer saying it's for election

Now that we know Swiss Bank Insisted it must be cash transfer to households and it must be handled by banks , what will the jewpobs say ?


Wait 79 Million Nigerians are unbanked , and they don't have phone too ?? because this writeup clearly indicated transfer to phones which i assume might be phone numbers like DYA but idiots are still not happy


Finally The program will run for 76 months Thats 6.3 years for crying out loud whereas the JewPobic Yoots of Biafraudenese region thought they should share it at the rate of 400 naira to all nigerians within one year

Goes to show how thoughtless and short sighted they are

Sarkin:
Abacha never looted and I can prove that.

The government is only using the word "loot" so that IPOB thugs and PDP demons can get orgasm for it.

Abacha detested corruption, you can ask Mr Duke that, he'll tell you again.

Abacha was a very close friend of mine and I knew him well.
He told me a lot of secrets, I trust him.

Abeg pm me, make I send you account number.

Rubiesangel:
have you ever thought that money spent can't be reinvested? But do you know that money invested would would bring returns? Why share the money to be spent instead of using it to carry out projects that everyone would benefit from?

They could have used it to hold new roads, schools, etc

let me laugh the jobless aggressive lazy osu of Biafra PDP first.


This same money that was budgeted for the same unconditonal cash transfer can now be use execute other project.

What a silly decision by this clueless & useless APC government.How did they arrived @ the BVN baseline criteria And who told them everyone operate Bank account let alone having a BVN?

buhariguy:
let me laugh the jobless aggressive lazy osu of Biafra PDP first.


This same money that was budgeted for the same unconditonal cash transfer can now be use execute other project.

your point exactly?

Rubiesangel:
your point exactly?

the unconditionally cash transfer is ongoing program,
But the jobless aggressive lazy idiotic pigs of Biafra did not see that as avenue to buy peoples mind.
The money originally budgeted for this cash transfer will still be there,

The jobless aggressive lazy idiotic pigs of Biafra will always read meaning to every good thing the government is doing.

beegodson:
all those condemning the government....they have all been put to shame..the more you talk negatively the more the government delivers positively.. the funds to be allocated to people through their BVN... great! at least the beneficiaries can easily be identified.. for those asking how the money will be disbursed, here is your answer!

The poorest nigerians don't have BVN cos they are not financially inclusive. This is just apc/buhari's fraud!

Abeg them don start the registration

buhariguy:
the unconditionally cash transfer is ongoing program,
But the jobless aggressive lazy idiotic pigs of Biafra did not see that as avenue to buy peoples mind.
The money originally budgeted for this cash transfer will still be there,

The jobless aggressive lazy idiotic pigs of Biafra will always read meaning to every good thing the government is doing.

so Why are bitter against Biafra? How does this confirm them? You're so bitter towards the igbos, yet you won't let them have their own country, what's the rationale? Don't you think you are more of a pig?

Rubiesangel:
Why share the money to the citizens when they don't have basic amenities? Instead of share the money, the government t should invest it into the economy, repair bad roads and build new ones. They can also use it to rehabilitate weak institutions. Anything that will benefit the economy, and not sharing the money. That's total cluelessness

Exactly..... I see no reason for sharing the money.....

Shebi this government said they are looking for money to conduct elections?

Why not use Abacha loot to conduct election

Sarkin:
Abacha never looted and I can prove that.

The government is only using the word "loot" so that IPOB thugs and PDP demons can get orgasm for it.

Abacha detested corruption, you can ask Mr Duke that, he'll tell you again.

Abacha was a very close friend of mine and I knew him well.
He told me a lot of secrets, I trust him.

Are you okay?