FG To Transfer $322 Million Abacha Loot To 302,000 Poor Households
The Federal Government says it will commence disbursement of the recovered 322 million dollars Abacha loot through Conditional Cash Transfers (CCT) to 302,000 poor households in 19 states in July.
Mr Tukur Rumar, of the National Cash Transfer Office (NTCO), said this at a roundtable on assets recovery organized by the Swiss in Abuja.
The Abacha loot is part of looted funds recovered from Late General Sani Abacha, who was Nigeria’s Head of State from 1993-1998.
The event was organized to intimate citizens and Civil Society Organizations (CSOs) on the efforts both nations were making on asset recovery after the Post-Global Forum on Assets Recovery (GFAR) held in Washington D.C. in December, 2017.
At the forum, Nigeria made commendable commitments on beneficial ownership, tax transparency, asset recovery, transparency management of recovered funds and payments to victims of corruption.
The states are: Niger, Kogi, Ekiti, Osun, Oyo, Kwara, Cross River, Bauchi, Gombe, Jigawa, Benue, Taraba, Adamawa, Kano, Katsina, Kaduna, Plateau, Nasarrawa, Anambra and Internally Displaced Camps (IDPs) in Borno.
According to Rumar, the benefiting households will receive N5,000 monthly and are derived from the National Social Register (NSR) that the 19 states are already on.
He said the programme was designed to also train beneficiaries on livelihood skills, social skills and other programmes that would change their lives completely.
Rumar, however, said that NCTO had been making payments to the 46,000 poor and vulnerable households across the 19 states since December 2016, adding that the number had increased to 290,000.
Mr Iorwa Apera, the National Coordinator, National Social Safety Net Coordinating Office (NASSCO), said 503,055 households were already on the NSR register from the 19 states, adding that by July, there would be a social register for all the states of the federation.
He said that of the Abacha loot, about 302,000 poor homes across the 19 states would be mined by the NCTO to begin to receive the Abacha loot.