FG Bows To Pressure, Agrees To Share $322m Stolen By Abacha To Nigerians


The Nigerian Government has bowed to pressure from Switzerland , announcing it will disburse $322million part of public money stolen by former military dictator, late General Sani Abacha to Nigerians.

The sum was recently repatriated from Switzerland.

National Coordinator of the Open Government Partnership (OGP), Nigeria and Special Assistant to the President on Justice Reforms, Juliet Ibekaku-Nwagwu disclosed this on Tuesday in a chat with journalists.

She said pursuant to an understanding with Switzerland, the money would be paid directly into the accounts of the poorest Nigerians through their various accounts for two years.

The Swiss government had insisted on giving the money to indigent Nigerians as a condition precedent to releasing the Abacha loot.

Ibekaku-Nwagwu added that this would be done through identification numbers to be made available on the website being developed by the National Social Investment office and the World Bank.

According to her, the agencies working on the modalities would brief the public on June 28.

She assured that the process for the payment will be transparent for civil society and the media to monitor.

“The poorest members of the community will be registered online, and before you make any payment, they must have an ID number so that every payment would be tracked.

“No amount will be paid out without a joint signature between Nigeria and the World Bank and without identification of individuals.

“If there is anything we have achieved, it’s about getting Nigerian citizens to become conscious about what is happening with their money,” Ibekaku-Nwagwu said.


Categories: News


1 reply


  1. FG of Nigeria Bows To Pressure, Agrees To Share $322m Stolen By Abacha To Nigerians | Matthews' Blog

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