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FG Concludes Plans On What To Do With $322M Abacha's Loot

The Federal Government is finalised plans to disburse $322 million fund recovered from the accounts of former Head of State, late General Sani Abacha in Switzerland to Nigerians.

National Coordinator of the Open Government Partnership (OGP), Julie Ibekaku-Nwagwu at an interactive session with newsmen recently, revealed that the development is in accordance with the President's agenda of ensuring that the $322 million was returned for deployment into the social safety nets project, which would make targeted transfers to th poor and vulnerable households.

Ibekaku-Nwagwu added that the fund would be paid directly into the accounts of the poorest Nigerians through their various accounts for two years and identification numbers to be made available on the website being developed by the National Social Investment office and the World Bank adding that agencies working on the modalities would brief the public on June 28th

Culled From Ynaija

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