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September 10, 2026
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FG To Share $322m Abacha Loot To Nigerians

πŸ“… | Words: 240
πŸ“‚ Categories: General
🏷️ Tags: General, Switzerland
πŸ“ Location: Nigeria
Written By: Famzn News

Verified Author & Editorial Contributor

Sani Abacha

Former Dictator, General Sani Abacha

The federal authorities has introduced plan to disburse $322million fund repatriated from the accounts of former Head of State, late General Sani Abacha in Switzerland to Nigerians.

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

Ibekeaku-Nwagwu stated beneath MoU with Switzerland, the cash could be paid instantly into the accounts of the poorest Nigerians by means of their numerous accounts for 2 years.


The aide stated that this could be finished by means of identification numbers to be made accessible on the web site being developed by the National Social Investment workplace and the World Bank.

She defined that the businesses engaged on the modalities would temporary the general public on June 28, including that the method for the cost will probably be clear for civil society and the media to observe.

β€œThe poorest members of the neighborhood will probably be registered on-line, and earlier than you make any cost, they will need to have an ID quantity so that each cost could be tracked.

β€œNo quantity will probably be paid out with out a joint signature between Nigeria and the World Bank and with out identification of people.

β€œIf there is anything we have achieved, it’s about getting Nigerian citizens to become conscious about what is happening with their money”, she stated.

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