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FG to Share $322m Abacha Loot to Nigerians From June 28

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$322million fund repatriated from the accounts of former Head of State, late General Sani Abacha in Switzerland, would be disbursed to Nigerians, the Federal Government has said.

This was made known to journalists by the National Coordinator of the Open Government Partnership (OGP), Nigeria and Special Assistant to the President on Justice Reforms, Juliet Ibekaku-Nwagwu.

She said the Federal Government has signed an MoU with Switzerland, that the money would be paid directly into the accounts of the poorest Nigerians. She added that a website is currently being developed to that effect by the National Social Investment office and the World Bank.

Furthermore, she said identification numbers would be made available on the website for each applicant, and that the agencies working on the modalities would brief the public on June 28.  She however, assured Nigerians that the process for the payment will be transparent for civil society and the media to monitor, and that various accounts which would be publicized, would be used for the transfer.

“The poorest members of the community will be registered online, and before you make any payment, they must have an ID number so that every payment would be tracked.

“No amount will be paid out without a joint signature between Nigeria and the World Bank and without identification of individuals.

“If there is anything we have achieved, it’s about getting Nigerian citizens to become conscious about what is happening with their money”, she said.

However, Ambassador Roberto Balzaretti, head of International Law at the Swiss Federal Department of Foreign Affairs, while confirming this, said, “We don’t have any assets of the former president or entourage or family in Switzerland, we’ve restituted all we had been able to freeze and confiscate.”

This according to him would be the final payment from the Switzerland Government and “We looked at a way to restitute the money in order that the money can profit the population of Nigeria.”