Coronavirus: N697.5m now in Covid-19 accounts – Garba Shehu

Coronavirus: N697.5m now in Covid-19 accounts – Garba Shehu

- Presidency said N697.5m donated by 111 individuals and organisations has been moved to five Covid-19 accounts

- Garba Shehu, senior media aide to President Muhammadu Buhari, said the process was done between April 1 and 30, 2020

- Shehu further disclosed that the amount was compiled based on records obtained from the office of the Accountant-General of the Federation (AGF)

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Garba Shehu, a senior aide to President Muhammadu Buhari on media and publicity, has disclosed that N697 million donated by 111 individual and organisations has been moved to five bank accounts purposely created to support fight against Covid-19 pandemic.

Shehu made the disclosure in a statement on Friday, May 8, adding that the process of transferring the money was done between April 1 and 30, 2020.

According to the senior presidential aide, the amount was compiled based on records obtained from the office of the Accountant-General of the Federation (AFG), Daily Trust reports.

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Shehu further disclosed that the funds consisted of small payments of N5million N10million, N14million, N20million by individuals to huge deposits of N200 million by Dantata Property Development.

He also said that N100 million was also contributed by Ocean Trust Ltd, while N25 million was contributed by NSITF.

Coronavirus: N697.5m now in Covid-19 accounts – Garba Shehu

Presidency said N697.5m donated by111 individual and organisations has been moved to five Covid-19 accounts.
Source: Depositphotos

According to him, Ebele and Anyichuks Foundation contributed N20 million, while N15 million was contributed by Nizamiya Hospital Abuja.

N10 million each was donated by Full Gospel Business Men’s Fellowship and Association of Bureau De Change (BDC) respectively.

Shehu added that President Buhari appreciated the contribution of Nigerians towards the fight against coronavirus pandemic.

He assured that the money will be properly managed by the Presidential Task Force (PTF) on Covid-19.

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Meanwhile, Legit.ng reported that the federal government received $311 million recovered assets of late Nigerian head of state, General Sani Abacha, repatriated from the United States and the Bailiwick of Jersey.

Presidency reveals how $311m recovered Abacha loot will be spent

Abubakar Malami, the attorney-general of the federation and justice minister who confirmed this on Monday, May 4, disclosed that the money was repatriated based on the agreement on international law and cooperation measures.

The AGF further disclosed that the amount increased from over $308 million mentioned in an earlier statement in February to over $311million as a result of the interest that accrued from February 3 to April 28.

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