x

$332.5m Abacha Loot: Group Initiates Tracking Mechanism to Forestall Diversion

No fewer than 504 field monitors, 11 supervisors and 22 deputy supervisors drawn from the Nigerian Network on Stolen Asset (NNSA) and other Civil Society Organisations CSOs have begun the process of tracking Federal Government’s disbursement of the $332.5million Abacha loot, recently returned from the Swiss government.

The monitoring became necessary following speculations that the ruling All Progressive Congress may divert the funds for sponsorship of their campaigns in for next year’s general elections.

In the Conditional Cash Transfer (CCT) programme to the poorest of the poor in about 11 states, targeting 300,000 beneficiaries, approximately N1billion is believed to have been disbursed by the government, according to preliminary checks by the coalition of CSOs who are already on the field.

Executive Director of Africa Network for Environment and Economic Justice (ANEEJ), David Ugolor, told reporters on Thursday, in Abuja that a total of sixteen states had beneficiaries from the August-September round of disbursement.

He said the group is working with six partners drawn from the six geopolitical zones of the country, adding that the returned loot followed a Memorandum of Understanding (MoU), signed by the Governments of Nigeria and Switzerland with active CSOs participation led by ANEEJ.

According to Ugolor, the exercise was not meant to witch-hunt the stakeholders but to gather relevant data whether the Conditional Cash Transfer Scheme to alleviate the suffering of the poorest of the poor, under the Government’s Social Investment Programme was actually gotten by the beneficiaries.

Recall that President Muhammadu Buhari who recently hailed the Swiss government for returning the money had instructed that the funds be spent on the poorest of the poor Nigerians whose status were appraised and arrived at by the National Safety-Net Coordinating Office (NASSCO) under the supervision of the Office of the Vice President.

“We are monitoring the recovered $322.5 million Abacha loot through Transparency and Accountability in the recovery and Management of Looted Assets (MANTRA) project, which is being supported by the UKAID implementers of the Anti-Corruption in Nigeria (ACORN) Programme.

“The team covered the following geo-political zones/states: North West-Kano, Kaduna and Jigawa; North-Central-Nasarawa, Niger,Kwara and Benue, North East-Bauchi and Gombe; South-East-Anambra and South South – Cross River.

“On the field, we covered targeted households and preliminary reports from monitors across the 11 states showed clearly that the money disbursed in the first trench got to the poorest of the poor. I was amazed in a community in Nasarawa State where the beneficial even knew that the money they got in October was from the returned Abacha loot.

“We plan to continue the monitoring exercise in January when the next round of disbursement by the NTCO for November/December would have happened and we hope to cover states, local governments and wards not covered in this first exercise,” he noted.

Hot this week

Nigeria’s Silent Epidemic: The Fast-Growing Crisis of Youth Drug Abuse

Nadia Binta AhmedNigeria is facing an alarming social...

Stakeholders Validate New Environmental Data Portal to Tackle Pollution in Bayelsa

By Amgbare Ekaunkumo, YenagoaCommunity leaders, media practitioners, and representatives...

An Open China for a Shared Future

By Yu DunhaiNot long ago, the Fourth Plenary Session...

Spread of falsehoods national security threat, BAVCCA warns Nigerians

The Bloggers and Vloggers, Content Creators Association of Nigeria...

Delta Lawmakers Endorse Tinubu, Oborevwori as Sole Candidates for 2027 Elections

By Anne AzukaServing and former members of the Delta...

Antimicrobial Resistance Drains Nigeria, Claims 60 m Lives Yearly — WHO

By Joyce Remi-BabayejuThe World Health Organization (WHO)...

A”Ibom unveils bold initiative to end open defeacation

In an effort to strengthen sanitation systems and protect public health, Akwa Ibom Government has announced plans to roll out the “Keep Akwa Ibom Clean” project—a comprehensive, statewide sanitation campaign targeted at ending open defecation by 2030.

UNICEF Condemns Deadly Attack on Kebbi School, Calls for Immediate Release of School Girls

Joyce Remi-BabayejuThe United Nations Children Fund, UNICEF,...

Mahmoud Urges Asian Investors to Leverage Abuja’s Infrastructure for Business

By Joyce Remi-BabayejuFCT Minister of State, Dr. Mariya...

National Youth Alliance Vows to Continue as Movement Until Youth Lead Nigeria

By Jabiru HassanThe National Youth Alliance (NYA) has reaffirmed...

Salem University Lokoja to Graduate 168 Students at 7th Convocation Ceremony

By Noah Ocheni, LokojaSalem University, Lokoja, is set to...

Bayelsa Trains 1,000 Teachers in Digital Skills to Boost Education Quality

By Amgbare Ekaunkumo, YenagoaBayelsa State has concluded a year-long...

Related Articles

Popular Categories

spot_imgspot_img