– The Sun News

How we’ll use recovered Abacha loot –FGN

From Godwin Tsa, Abuja

The Federal Government said it will use the $321 million stolen funds recovered from Switzerland on social protection programmes.
Senior Assistant to President Muhammadu Buhari on Justice Reform and Open Government Partnership (OGP), Mrs. Juliet Ibekaku-Nwagwu, who disclosed this in an interview with Daily Sun in Abuja, called on Civil Society Organisations (CSOs) and the media to monitor the use of the funds when returned to the country.
The money is said to be part of the over US$2.2 billion allegedly stolen by the late former head of state, Sani Abacha, when he presided over the nation between 1993 and 1998.
It was originally deposited in Luxembourg, but was confiscated by a Swiss court in late 2014 and in March last year the two states signed an agreement on its repatriation.
The Attorney General of Federation and Minister of Justice, Abubakar Malami, had revealed that negotiation with Switzerland on the return of the money had been concluded.
Speaking with Daily Sun after an interactive session with Open Government Partnership Nigeria and Civil Society Organisations, Ibekaku-Nwagwu expressed the need for said CSO and the media to hold government accountable.
“It is important that CSOs and the media should be able to have the capacity to continue to hold government accountable on all fronts.
“OGP encourages government to implement transparency measures as well as citizens participation in governance. The whole idea is that citizens should looked into every budget to understand what government is doing and to be part of governance.
“And so what President Buhari did in May 2016, was to sign into Open Government Partnership Initiative (OGPI) and by so doing committing Nigeria to the principles of transparency, accountability and citizenship participation.
“And when he signed into it, Nigeria committed to physical transparency framework and anti-corruption, access to information and citizen engagement.
“Within these five or six thematic areas, we have open budgeting framework, open contracting framework and we agreed on transparency in the extracting sector, transparency in revenue as well as improving the ease of doing business,” she stated.



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  1. THE NOON 28th December 2017 at 4:13 am

    The late head of states Gen. Sani Abacha left a legacy of a True Patriot, a good manager of economy, a symbol of national unity and an amiable leader in the history of nigeria but this late Heroe of our time suddenly died in office without an official reports of the cause of his death only fabricated and controvercial reasons since 1998 while the hypocrite and parasite of nigerians only concerned themselves about the cause of late MKO abiola death so how could a person that suddenly died in office be quilty of an offence not been trial by any competence court of law but only court of people imaginations aided by western world that now wanted to sale fighter jet for us? Or if the late Gen. Sani abacha is alive would the court of peoples imagination convicted him by labeled him as Abacha Loot?. Many people that work together with former president olusegun obasanjo and former president jonathan were been charged on various financial and economy offences by efcc just because former president inquestioned are alives therefore The continue saying Abacha-Loot would amounted to contiue curse to the country which is manifesting in many ways on government where many nigerians failed to understand that saying abacha loot remaned an eternal cursed to nigeria because the late Gen. San Abacha served his country faithfully, loyally and honestly without fear, favour and sentiment.

  2. Prince Innocent Anaele 28th December 2017 at 7:19 am

    My problem with all the recoveries and foreign loans is that it might be found in people’s pocket and yet the next year too another loan request will be made. Let’s be sincere with our country for once.
    Use the money and build refineries and build one industry each in every state of the Federation this will creat employment .

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