Home NEWS What We Did With $322 Million Recovered From Abacha Family – Presidency

What We Did With $322 Million Recovered From Abacha Family – Presidency

The Presidency has responded to allegation made by the opposition People’s Democratic Party (PDP) on the $322 Million that was recovered from Abacha’s family recently.

“The USD 322m  recovered is being used to make the Conditional Cash Transfer, CCT of a monthly amount of N5,000 to more than 300,000 poor homes across the nation under the Social Investment Program introduced by the Buhari administration. This is in line with the Memorandum of Understanding, signed between the governments of Nigeria and Switzerland as a condition for releasing the funds.”

In a statement today, Wednesday by the senior special assistant to the President on media and publicity, Malam Garba Shehu said that as  part of the MoU, the World Bank is monitoring the application of the funds.

Malam Garba Shehu said that the World Bank has also given an additional facility to support the on-going cash transfers.”

The Presidential spokesman said that the PDP has continued to spread lies about the Buhari administration in the mistaken assumption that its toga of corruption will dissipate if it succeeded in black painting every other person as corrupt.

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“The strategy is to make corruption appear as normative and that everyone is equally involved. They think by so doing, Nigerians will forgive them for their sins. This is a huge mistake.”

He described the PDP as an ill-wind  on the country today and that the elections next year present the citizens an excellent opportunity to save the country from it.

“We can’t imagine a sane organization shamelessly telling Nigerians that President Buhari is looting, as they themselves did of the recovered loot, the USD 322m lately recovered from the Abacha family. This is an irresponsible lie.

“Nigerians are hereby advised to be watchful of what comes out from the opposition, not to be misled into voting for a party that sees nothing wrong with corruption and would rather have everyone drenched in its colors, as they irretrievably are.”

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