₦airaland Forum

This News just came in handy at a crucial time ,when our beloved country seem to be facing a hard time. Reading this piece and digesting every part of the article makes me really come to a conclusion that this is what the country has been reduced to. If US lawmakers can help us make good decisions, its good they do as our lawmakers seem confused and only after their take home.

As part of efforts to help the reintegration of Boko Haram’s victims in Nigeria’s north-east, US lawmakers are discussing a bill which will allow its government use recovered Nigerian funds illegally stashed in American accounts as aid.

Between 1993 and 1998, General Sani Abacha ruled as military dictator of Nigeria and in that time is believed to have looted up to $5 billion and placed the money in foreign accounts. In 2014, the US Department of Justice forfeited $480 million in corruption proceeds kept in banks around the world by Abacha allowing it to be “used for the benefit of the Nigerian people”. Recovered through the Kleptocracy Asset Recovery Initiative, it remains the “largest kleptocracy forfeiture obtained through kleptocracy action.”

The bill, sponsored by Sheila Jackson Lee, a congresswoman from Texas, wants to use the money as a Victims of the Terror Protection Fund for families hurt by Boko Haram. Citing the power of the US Attorney General to dispose of recovered proceeds of corruption-related assets as she sees fit “where resources are badly needed for reconstruction and the rehabilitation of societies under new governments”, the bill resolves that “the victims of Boko Haram should be provided the dire humanitarian assistance.” It also calls for the provision of “military technical assistance be provided to Nigeria and its neighbors.”

While it might seem seen as controversial the US Congress appears to be dictating how Nigeria’s stolen funds should be used rather than leave to the Nigerian government, it reflects the country’s general lack of credibility in handling recovered proceeds of corruption. There has been a lack of clarity over how parts of the Abacha loot recovered from other countries has been spent.

Similar sentiments led David Cameron, prime minister of Britain to describe Nigeria as ‘fantastically corrupt’ last week. While agreeing that Cameron was right to tag the country corrupt, Muhammadu Buhari, Nigeria’s president, also cast aspersions on Britain’s role in enabling corruption.

While still a way from being voted into law, sponsors of the bill say it can be modeled after the case 0f Equatorial Guinea “where prior kleptocracy initiatives have been created to benefit communities and victims in need of support.”

source:http://rayoonline.com/2016/05/18/us-congress-wants-nigerias-480-million-loot-used-as-aid-for-boko-haram-victims

As annoying and ridiculous as this sounds, one cannot really blame US if we consider how we've re-looted such returned assets in the past. All thanks to the IB and the paper-heavy-weight madam Gele for the way they handled past returned loots.

This isn't the position of US govt. The US govt will not in any way try to detect for Nigeria how to spend her money rather, the claim is just the imagination of few Northern elements that wants the money used on development of North as against the collective interest of Nigerians.
Moreover, were the recovered funds looted by Northern states governors?

please explain well

ellovee:
This isn't the position of US govt. The US govt will not in any way try to detect for Nigeria how to spend her money rather, the claim is just the imagination of few Northern elements that wants the money used on development of North as against the collective interest of Nigerians.
Moreover, were the recovered funds looted by Northern states governors?

Our politicians can't be trusted with any kind of money and @ellovee is trying to drive a point which i don't understand ,it would be nice if he can light this further

DropShot:


As annoying and ridiculous as this sounds, one cannot really blame US if we consider how we've re-looted such returned assets in the past. All thanks to the IB and the paper-heavy-weight madam Gele for the way they handled past returned loots.

Impossible, more money have looms into this BOKO HARAM victims, and Boko haram have been enjoy the publicity since, it must stop, Northern leaders are the cause, how much money looms in Biafara civil war? Nigeria don't want to move forward in any thing that deal with money, why not putting the money in our military to finish the boko boys? Every body is Victim of bad leadership in Nigeria.

You are right by saying the funds should be sent to the milittary for weapon or purchase of armory but an sure you know about Dasuki and the funds he distributed among his cohorts.We are unsafe in this country so is our money in the hands of the politicians

philGeo:
Impossible, more money have looms into this BOKO HARAM victims, and Boko haram have been enjoy the publicity since it must stop, Northern leaders are the cause, how much money looms in Biafara civil war? Nigeria don't want to mov forward in any thing that deal with money, why not put the money in our military to finish the boko boys? Every body is Victim of bad leaders in Nigeria.

Wetin concern them inside? Shoo na them want teach us as we go use spend our money? Fvck them and I hear say Obama want come visit us, abeg make una tell am make him no come cus we no want see am.. shit

bro you dey provoke o

Adebammm:
Wetin concern them inside? Shoo na them want teach us as we go use spend our money? Fvck them and I hear say Obama want come visit us, abeg make una tell am make him no come cus we no want see am.. shit

teegrams:
You are right by saying the funds should be sent to the milittary for weapon or purchase of armory but an sure you know about Dasuki and the funds he distributed among his cohorts.We are unsafe in this country so is our money in the hands of the politicians

My brother every thing can be check, so because of Dasuki experience we will not buy weapons or do anything good for our military? Develop countries don't duel in the past.

Lol...our leaders have degenerated the country into a shit hole hence such announcements from the US.

teegrams:
please explain well

Isn't it self explanatory? Or are you asking for facts?

it is but you have two points,one the U.S can't decide for us,second the northern elements and that's where i got missing

ellovee:
Isn't it self explanatory? Or are you asking for facts?

Lol.

This is one of the few reasons why I like the yanks - apart from African Americans, hiphop culture, and American sports. Yanks are the biggest mafias ever and everything they do is mafioso style. That's the only country that will fvck you in the arse; pay you for the services rendered with ya own money; and dictate how you'll spend the money to you. Salute!

Missy the amal girl, salute to ya ghost bosses in Langley and the unseen hands that run Amerikkka, with love.

They have their reasons


I think that money should be used for other purposes as well


what matters most is the immediate release, I am pretty certain Buhari will do justice to it

[size=15pt]The USA should use the money as aid for rehabilitation of Boko haram victims.

Buhari has ignored the victims of Boko haram violence and has instead focused on placating Boko haram members whom he sent to kill and pillage just to spite GEJ's regime.[/size]

Right

DaBullIT:
They have their reasons


I think that money should be used for other purposes as well


what matters most is the immediate release, I am pretty certain Buhari will do justice to it