Govt shares $322.5m Abacha loot to 1.9m Nigerians – Newstrends
Connect with us

metro

Govt shares $322.5m Abacha loot to 1.9m Nigerians

Published

on

The Federal Government has disbursed the entire $322.5 million Abacha loot of 2017 to 1.9 million poor and vulnerable Nigerians.

Before making the disbursement, the money accrued an interest of $11 million where it was deposited.

Mr. David Ugolor, Executive Director of ANEEJ, an independent monitor providing independent report on the use of the funds, made this disclosure in Abuja yesterday.

Mr. Ugolor told reporters that “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”.

Ugolor added that “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”.

According to the ANEEJ Executive Director, “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”.

He noted that, “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 monitoring is very ground breaking”.

Ugolor said ANEEJ will publish by the end of next month, state by state data of how the money was disbursed.

READ ALSO:

According to him, “four states have not been benefiting from the distribution of these N5,000, so we started an advocacy and the advocacy yielded the results and the government responded through the National Cash Transfer Office (NCTO) and we have since paid all these four states. The four states are Edo, Ondo, Kebi and Enugu.

In December 2017, Switzerland returned USD322.5 million of stolen funds (illicitly acquired by the late General Sani Abacha’s family) to the Federal Government of Nigeria.

The Federal Ministry of Finance requested that the funds be used to finance the $500 million IDA-financed National Social Safety Net Program (NASSP) in the form of Conditional Cash Transfers to poor and vulnerable Nigerians, which is one of the poverty alleviation programmes under the National Social Investment Programme.

A Swiss court in March 2015 ordered that the funds be repatriated on the condition that the World Bank monitors their use. Consequently, a Memorandum of understanding was entered into between the Nigeria government, the Swiss government, and the World Bank, which also identified Network on Asset Recovery (NAR) made up of civil society organizations led by ANEEJ as an independent monitor for the purpose of providing an independent report on the use of the funds.

The Federal Ministry of Justice then developed and finalized terms of reference for civil society organizations monitoring the $322.5million recovered Abacha loot and recognized ANEEJ as one of the CSOs representing the NAR in interactions with the Federal Government of Nigeria. The task was to monitor and report on the use of the funds to targeted beneficiaries.

In 2018, ANEEJ commenced the monitoring exercise under the Monitoring of Recovered Assets in Nigeria through the Transparency and Accountability (MANTRA) project. Through the MANTRA project, ANEEJ worked with six regional partners, and engaged a total of 35 CSOs and over 500 monitors for the exercise in six geopolitical zones of the country.

The exercise produced the first disbursement report of the $322.5million covering the August/September 2018 payment round to beneficiaries in 19 States.

THE NATION

metro

Mother, daughter who stole ponmo, stock fish in Ogun jailed six months

Published

on

Mother, daughter who stole ponmo, stock fish in Ogun jailed six months

A Magistrates’ Court in Abeokuta, Ogun State yesterday sentenced a mother, Falilatu Amidu, and her daughter, Ayisatu, to six months imprisonment each for stealing dry ponmo, stock fish and dried meat valued N1 million

The defendants, who reside at No 21 Ago-Oko area of Abeokuta, were convicted on a two-count charge of conspiracy and stealing.

The Magistrate, Mrs O.O. Odumosu, held that the evidence presented by the prosecution had proven beyond reasonable doubt that the convicts were guilty of the offence as charged.

Odumosu sentenced both mother and daughter to six months in prison each with an option of N5,000 fine.

She ordered that the convicts should refund N100,000 each to the complainant as restitution before accessing the N5,000 fine option.

Earlier, the prosecutor, Insp. Kehinde Fawunmi, had told the court that the defendants committed the offence at Lafenwa market sometime in August 2024.

Fawunmi explained that Falilatu conspired with her daughter, Ayisatu, to steal a big sack  containing stock fish, dried ponmo and dried cow meat valued N1million, belonging to one Mrs kafayat Alao.

According to him, one of the defendants, Falilatu, used to help the complainant to carry load from her store in Lafenwa to where the complainant sells her items.

READ ALSO:

“The complainant asked her to help her pick some goods from the store. She waited for over an hour and did not see the defendant, which made her to go to the store to check on her.

“On getting to the store, she did not find Falilatu, and she noticed a big bag containing dried meat, ponmo and stock fish was missing while the defendant was nowhere to be found,” he said.

Fawunmi further explained that Falilatu stole the goods and gave it to her daughter (Ayisatu) to sell. He said Ayisatu received the goods from her mother, knowing that they were stolen.

The prosecutor noted that the offence committed contravened sections 516, 390(9) and 127 of the Criminal Code Laws of Ogun 2006.

Mother, daughter who stole ponmo, stock fish in Ogun jailed six months

Continue Reading

metro

Ex-Rivers HoS wife cries for help over husband’s safety

Published

on

Florence Nwaeke and her husband, George Nwaeke

Ex-Rivers HoS wife cries for help over husband’s safety

The wife of the immediate past Rivers State Head of Service, George Nwaeke, has voiced concerns over his whereabouts and well-being following his resignation, saying she has been unable to reach him.

Speaking to journalists on Friday, Florence Nwaeke said she became alarmed after seeing an online interview attributed to her husband, which she found suspicious.

“When he got to Abuja, he called that he had landed. I said, ‘Thank God,’” she recalled.

However, after coming across the interview, she began to fear something was amiss.

“I said, ‘That is not my husband. That is not my husband.’

“So I sent him a message. I said, ‘Are you under duress?’ I sent him a message. I said, ‘Have they kidnapped you? Talk to me now. Why are you not talking to me?’ This is the message I sent to him when I saw his interview online,” she said.

Overcome with worry, she made an emotional appeal for help.

READ ALSO:

“Oh, Jesus, help me. Nigerians, help me. My husband is in trouble. My husband is in trouble. My husband is in trouble. My husband is in trouble. Look at the message I sent to him. See the message I sent to him. I said, ‘Daddy, why? Were you in hostage?’ I said, ‘Why didn’t you talk to me?’ These are the messages I sent to him, but he didn’t reply to me. His numbers are not going through. Nigerians, help me! Nigerians, help me!” she pleaded.

Her concerns follow allegations made by George Nwaeke against suspended Rivers State Governor Siminalayi Fubara. Nwaeke had accused the governor of plotting to back Bauchi State Governor Bala Mohammed for the 2027 presidency and of using militants to attack oil facilities. He also alleged that Fubara ordered the bombing of the State House of Assembly in 2023 to prevent his impeachment.

Florence Nwaeke, beyond raising alarm in the media, also directed a personal plea to the governor.

“Governor, help me. My husband is in trouble. He is in trouble,” she implored, claiming that her husband resigned under pressure.

However, Fubara dismissed the claims, insisting that Nwaeke had been influenced by external forces.

“The truth is that Dr. Nwaeke has been compromised, and whatever he is saying is only aimed at fulfilling his promise to those who may have paid or coerced him to lie against me,” the governor stated late Friday.

Fubara also released screenshots purportedly showing chats between Nwaeke and his Chief of Staff, Edison Ehie, where Nwaeke allegedly requested financial assistance.

 

Ex-Rivers HoS wife cries for help over husband’s safety

Continue Reading

metro

Fubara reacts as Ex-HOS, Nwaeke accuses him of bombing oil pipelines, Rivers Assembly

Published

on

Siminalayi Fubara

Fubara reacts as Ex-HOS, Nwaeke accuses him of bombing oil pipelines, Rivers Assembly

Suspended Governor of Rivers State, Siminalayi Fubara has denied accusations from his former Head of Service, George Nwaeke, disclosing that he never ordered the bombing of the Rivers State House of Assembly or any Oil Pipeline.

Fubara, in a statement made available to newsmen, stated that no such thing occurred during his administration. The statement read;

“My attention has been drawn to a press briefing by the former Head of Service, Dr. George Nwaeke aired on Channels Television on Friday the 28th of March 2025. Ordinarily, I would not have responded to his claims, but to correct the erroneous impression such allegations may create in the minds of the people, and the disaffection it is bound to cause in the state and the country.”

“First, on the claim that he was aware of my discussions and plans to support Bala Mohammed’s alleged 2027 presidential bid, it is laughable that Dr. Nwaeke would be part of any high level political meeting as Head of Service, much more sitting in my alleged night meetings with Bala Mohammed and militants like he claimed. Howbeit, none of such meetings ever held.”

READ ALSO:

“The truth is that the whole world knew when the Bauchi State Governor, as Chairman of Peoples Democratic Party Governors Forum visited the State, and there was nothing secret about the visits.”

“It is also ludicrous for Dr. Nwaeke to claim that he was aware of my meetings to encourage attacks on oil pipelines and other National assets in the State, as there was no time I held any meeting with militants or any criminal group to destabilise the State. It is on record that I have been at the forefront preaching peace in the State even in the face of obvious provocations.”

“The truth is that Dr. Nwaeke has been compromised, and whatever he is saying is only aimed at fulfilling his promise to those who may have paid or coerced him to lie against me.”

“I call on all well meaning Nigerians and the good people of Rivers State to disregard everything said by Dr. Nwaeke as they are mere desperate attempts to discredit me and my administration, and undermine the peace process by Mr. President”.

Fubara reacts as Ex-HOS, Nwaeke accuses him of bombing oil pipelines, Rivers Assembly

Continue Reading

Trending