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

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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.

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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

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Explosion in Yobe, three people hospitalised

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Yobe State Police spokesperson, DSP Dungus Abdulkarim

Explosion in Yobe, three people hospitalised

At least 3 persons have been hospitalised after an undetonated Improvised Explosive Device exploded in Gujba Local Government Area of Yobe State.

The explosion took place on Saturday at Ngomari Community in Buni Yadi, headquarters of Gujba Local Government Area.

A reliable source in the area told Daily Trust that the incident happened when a 22-year-old discovered live ammunition and four AK47 rounds while fetching firewood in the bush.

“The young man attempted to open the ammunition out of curiosity.

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“He proceeded to strike the ammunition with a hammer, which triggered an explosion. 3 persons including the young man sustained various degrees of injury,” the source said.

Confirming the incident, the Secretary of the Local Metal Fabricators Association, Gujba LG, Malam Isyaku Dahiru, said the victims were moved to Yobe State Specialist Hospital Buni Yadi for urgent treatment.

Efforts to get the reaction of the Public Relations Officer of the Yobe State Police Command, SP Dungus Abdulkarim, were not successful as he did not pick his calls and was yet to reply to the calls as at the time of filing this report.

Boko Haram terrorists have been using IEDs to launch attacks on communities in the area.

 

Explosion in Yobe, three people hospitalised

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Rivers: Presidency reveals security intelligence leading to emergency rule

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Federal Capital Territory Minister Nyesom Wike, Suspended Rivers State Governor Siminalayi Fubara and President Bola Ahmed Tinubu

Rivers: Presidency reveals security intelligence leading to emergency rule

The Presidency has revealed that security intelligence reports led to the suspension of Rivers State Governor Siminalayi Fubara, his deputy, and elected members of the State House of Assembly.

According to the government, militants were already targeting oil pipelines, posing a serious threat to national security and the economy.

Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, disclosed this in an article titled “Imagine Rivers State Without a State of Emergency”, published on Sunday.

He maintained that intelligence reports showed an escalating crisis in the oil-rich state.

President Tinubu, in a nationwide broadcast on Tuesday, explained that his efforts to mediate the political conflict in Rivers had been ignored. He stated that worsening security threats necessitated the declaration of a state of emergency.

“The latest security reports made available to me show that between yesterday and today, there have been disturbing incidents of vandalization of pipelines by some militants, without the governor taking any action to curtail them. I have, of course, given stern orders to the security agencies to ensure the safety of the good people of Rivers State and the oil pipelines,” Tinubu said while announcing the emergency rule.

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The decision has drawn criticism from various quarters, with many questioning its necessity. However, the Presidency has defended the move, insisting it was based on credible security intelligence.

Onanuga explained that Section 305 of the Constitution empowers the President to act when there is a threat to law, order, or economic security.

“Impeachment threats might have spurred attacks on lawmakers by the governor’s supporters, while militants in the creeks—primed to sabotage critical oil infrastructure—could have plunged Nigeria’s oil production back to pre-2023 lows,” he stated.

He further alleged that militants were awaiting instructions from Fubara before launching attacks on pipelines.

“Intelligence confirmed that militants, told by Fubara to await signals, were already targeting pipelines, risking a collapse in output and a Niger-Delta domino effect,” Onanuga added.

According to him, Tinubu’s intervention was crucial, as Rivers State is a key player in Nigeria’s oil sector. He warned that any disruption in the region could have dire economic consequences.

He dismissed claims that the emergency rule undermines democracy, arguing that it is a “temporary, surgical” measure aimed at restoring order rather than replacing democratic institutions.

Rivers: Presidency reveals security intelligence leading to emergency rule

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Shehu Sani faults senators taking voice vote objection to media

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Former Kaduna Central Senator, Shehu Sani

Shehu Sani faults senators taking voice vote objection to media

A former senator who represented Kaduna Central Senatorial District has slammed lawmakers for going to the media to raise objections against the adoption of voice voting for the confirmation of a State of Emergency in Rivers State.

Shehu Sani said that any lawmaker who wished to raise such an objection ought to have done so in the chambers of the National Assembly and not the media.

Recall that members of the National Assembly had voted on the proclamation of a State of Emergency in Rivers by President Bola Tinubu.

However, rather than adhere to the provisions of the law by taking a head count to determine that the Assembly had formed a quorum, the leadership of both chambers adopted voice voting.

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Shortly after the voting process which was condemned by many including Peter Obi, Atiku Abubakar, and the Peoples Democratic Party among others, Ireti Kingibe, a serving lawmaker condemned the process.

In his reaction, to this Sani said all objections should be done within the chambers, not outside or in the media.

He wrote on X, “If any lawmaker had issues with voice votes or quorum, he or she is supposed to raise a point of order on the floor and insist on being heard; and not be silent in the chamber then come to the media to raise objections.

“If there is no quorum, it’s because some lawmakers deliberately chose to abstain,” Sani noted.

 

Shehu Sani faults senators taking voice vote objection to media

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