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Poor Nigerians to share ‘Abacha loot’

Money looted by Nigeria’s former military ruler Sani Abacha is to be distributed to poor families, the government says.

The distribution is to start next month after more than $300m (£228m) was returned by the Swiss authorities.

The money, stolen by Abacha in the 1990s, is due to be given to around 300,000 households, with each getting around $14 a month.

Critics fear the handouts could be a way to influence next year’s election.

At this rate, the payments – to be made to residents in 19 of Nigeria’s 36 states – should last for about six years.

The money was originally deposited in Luxembourg, and is a fraction of the billions of dollars allegedly looted while Abacha was in power from 1993 to 1998.

He ruled Nigeria with an iron fist until his sudden death on 8 June 1998 after an apparent heart attack.

President Muhammadu Buhari made the recovery of stolen assets a major part of his 2015 election campaign – he has said he will stand for re-election.

Switzerland is believed to have returned about $1bn to Nigeria over the last 10 years.

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About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298, 08056381068.

One Response to “Poor Nigerians to share ‘Abacha loot’”

  1. How will these ‘poor families’ be identified? Why 19 states only? Another con?

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