Home News Why we are sharing Abacha’s loot to poorest homes, by Presidency

Why we are sharing Abacha’s loot to poorest homes, by Presidency

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President Muhammadu Buhari PHOTO: BAYO OMOBORIOWO

The Presidency has explained that the decision to share the $322 million recovered Abacha’s loot to the poorest of the poor citizens was due to the Memorandum of Understanding (MoU) signed with the Swiss government and network of civil societies.
It said a Swiss court had ordered the commencement of repatriation of Abacha loot on the condition that World Bank would supervise utilisation to prevent mismanagement and re-looting.

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