How We Will Spend Returned N120bn Abacha Loot –FG

How do you think that the Federal Government should spend the returned N120bn Abacha Loot, – the $311 million US Dollars stolen from Nigeria during that military regime?

As wise and prudent your suggestion and conviction as a Nigerian, truth is that it may not however count in what happens to the money.

This is because the federal government has already decided how to spend the returned N120bn Abacha Loot

The Presidency said yesterday that has been allocated for infrastructure development in the country.

 It also said that part of the returned loot in 2019 was being used for grain grants and free school feeding programmes, adding that without the   returned Abacha funds, the fight against COVID-19 would be even tougher.

The government said these much in a statement listing projects such as the second Niger Bridge, the Lagos-Ibadan and Abuja-Kaduna-Kano expressways and  in the Mambilla Power Project as among the projects where the money had been piloted.

These positions were contained in a statement by Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, issued in Abuja under the title ‘’The return of the Abacha stolen millions from the United States and Jersey “.

 “ On Monday, May 4, 2020, some $311 million US Dollars – stolen from the citizens of Nigeria during the Abacha regime – were safely returned to our country from the United States.

‘’These funds have already been allocated, and will be used in full, for vital and decades-overdue infrastructure development:

The second Niger Bridge, the Lagos-Ibadan and Abuja-Kaduna-Kano expressways – creating tens of thousands of Nigerian construction jobs and local skills, which can then be useful in future projects.

 “Part of the funds will also be invested in the Mambilla Power Project which, when completed, will provide electricity to some three million homes – over ten million citizens – in our country.

“The receipt of these stolen monies – and the hundreds of millions more that have already been returned from the United Kingdom and Switzerland – are an opportunity for the development of our nation, made far harder for those decades the country was robbed of these funds.

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“Indeed, previous monies returned last year from Switzerland – some $320 million US dollars – are already being used for the government’s free school feeding scheme, a stipend for millions of disadvantaged citizens, and grain grants for those in severe food hardship.”

As much as the government has thought through before arriving at these conclusion, do they however reflect the expectations of Nigerians concerning the returned loot? P

Please, spare a moment of your time and give your position on how the returned N120bn Abacha Loot should be expended.