₦airaland Forum

President Muhammadu Buhari has revealed how the $320m recovered loot of former late Head of State, Gen. Sani Abacha would be spent.

Buhari said the recovered loot will be spent on the Conditional Cash Transfer scheme of the administration to support the poor.

The President, who was represented by his deputy, Yemi Osinbajo made the disclosure while declaring open the Eighth Commonwealth Conference of Anti-Corruption Agencies in Africa, in Abuja.

He said it was one condition given by the Switzerland authorities for the repatriation of the funds.

According to the President, The Global Forum on Asset Recovery, after its inaugural meeting in Washington, DC, in December 2017, had facilitated efforts toward asset recovery and return.

“The GFAR saw the signing of a Memorandum of Understanding between Nigeria and the Government of Switzerland for the return of an additional $320m of the Sani Abacha loot.

“Included in that agreement is the commitment that the funds would be invested in one of Nigeria’s flagship social investment programmes, the Conditional Cash Transfer scheme targeted at the poorest and most vulnerable households in our country,’’ he said.

SOURCE- https://nairatrend.com.ng/how-we-will-spend-recovered-abacha-loot-buhari/

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Okay

[quote author= post=67571438]Okay[/quote]

I thought Buhari once said Abacha didn't steal any money from Naija so which one is he spending.....APC jokers.

This Buhari regime and poor mentality of thinking all Nigerian are his Almajiri people. Use the money on capital projects instead of lying to us that you want to share it among the poor only for you and your cronies to embezzle it.

awa:
I thought Buhari once said Abacha didn't steal any money from Naija so which one is he spending.....APC jokers

Nigeria is a Scam

Stupid president.. Nigeria will remain brain poor. Build infrastructure, create jobs, Build schools and see poverty reduced. Nigeria is such a funny and useless country on the continent.

Tekzyflex:
Stupid president.. Nigeria will remain brain poor. Build infrastructure, create jobs, Build schools and see poverty reduced. Nigeria is such a funny and useless country on the continent.

but you voted for him back in 2015

awa:
I thought Buhari once said Abacha didn't steal any money from Naija so which one is he spending.....APC jokers.

This Buhari regime and poor mentality of thinking all Nigerian are his Almajiri people. Use the money on capital projects instead of lying to us that you want to share it among the poor only for you and your cronies to embezzle it.

If they use it on capital projects they can be held accountable but wen they say its for d poor, then they n their cronies just got richer.

asksteve:
If they use it on capital projects they can be held accountable but wen they say its for d poor, then they n their cronies just got richer.

sense will not kill you


You are right

Nairatrend:
but you voted for him back in 2015

God forbid... I will never vote for a mallam.

Tekzyflex:
God forbid... I will never vote for a mallam.

Lolz wat do you mean