Sani Abacha

The House of Representatives has rejected the plan by the federal government to share the recovered $322m Abacha loot to the poor. The lawmakers also questioned how the government plans to determine which families are the poorest.

The Socio-Economic Rights and Accountability Project (SERAP) has faulted plans by the federal government to share the $322million loot recovered from former head of state General Sani Abacha among some 300,000 households.

The federal government has said that it will commence disbursement of the recovered $322 million Abacha loot through Conditional Cash Transfers (CCT) to 302,000 poor households in 19 states in July, including Niger, kwara others.

Abubakar Malami said Nigeria government was also involved in other international repatriation processes, noting the recent tripartite meeting held in the UK between Nigeria, US and the State of Jersey on asset recovery.

The federal government of Nigeria has on Monday, June 18, signed an agreement with three countries for the repatriation of another $500 million looted during the regime of former head of state, late General Sani Abacha.

AGF Malami has met with US and UK government officials over the of $500 million Abacha loot frozen by the US government. The AGF also another $370 million Abacha loot had finally been returned by the Swiss government.