This Is How Buhari Is Spending Recovered Abacha loot
The Swiss government had repatriated a total of $1.2 billion, about 432 billion naira stolen by former military ruler, Sani Abacha and President Buhari had said he would share the money to the poor people in Nigeria.
But the Minister of Information and Culture, Lai Mohammed, said that President Buhari never meant to say he would share the money to the poor and vulnerable.
Rather, he said, the money is being deployed in the financing of Federal Government’s social investment programmes comprising four components
He described as “mischievous” the insinuations that the government would share to the poor the Abacha loot repatriated by the Swiss Government.
Mohammed made this clarification on Monday when he paid an official visit to the Abuja office of The Authority newspaper.
“When the first tranche of Abacha loot was paid under former President Goodluck Jonathan, the Swiss Government found out that the money was re-looted by those in the administration.
“So, when they wanted to release the next tranche, they put the condition that it must be used for the most vulnerable Nigerians.
“We said there is no problem. It is the money we are using to finance our social investment programmes comprising four components,” the minister said.
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