FG finishes sharing of $322m Abacha loot to Nigerians —Ugolor
The Federal Government has already finished disbursing the sum of $322.5 million, being the total amount that was stolen from the country and stashed away in foreign banks by former Head of State, Gen. Sani Abacha to 1.9 million poor and vulnerable Nigerians.
Mr David Ugolor, Executive Director of ANEEJ, an independent monitor providing independent report on the use of the funds, disclosed this at a news conference in Abuja on Friday.
Ugolor added that the money had accrued an interest of $11 million in the banks where it was deposited, prior to the disbursements.
“The Abacha loot that was recovered have been exhausted, we have a responsibility to inform Nigerians and then to make sure to tell them what the money was used for.
“The Abacha loot is exhausted. An interest of $11 million was accrued in the money where it was saved and it was disbursed to around 1.9 million poor Nigerians.
“No politically motivated data was used in selecting the beneficiaries; the National Social Register was used to determine those who will benefit and the register is updated regularly to remove those who have died.
“It is a very controversial issue that people sit down at home and begin to point fingers that Abacha’s money has been stolen.
“What we have done with this money is very ground breaking,” he claimed.
The ANEEJ boss said that the organization would publish a state by state data of how the money was disbursed by the end of next month.
