FG’S move to share Abacha loot to Nigerians opposed by Reps


The House of Representatives has torn into move by the federal government to share out $322million loot recovered from late Gen Sani Abacha, through the Switzerland government to indigent Nigerians.

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Recall that the Swiss government repatriated Abacha loot to Nigeria on condition that the latter would share the money among Nigerians so as to prevent it from being re-looted as it was previously done.

A case in point was the Sambo Dasuki arms gate in which some prominent Nigerians appropriated recovered loot meant for the procurement of ammunition to fight the insurgency in the northeast to themselves using the loot to fund their lifestyle under the immediate past government.

There was unanimity among the federal lawmakers last week as they hit out at plan by the federal government to abide by the Swiss’ condition when the issue was raised on the floor by Hon. Sunday Karimi, PDP, Kogi.  under Matters of Public Importance entitled: ‘Urgent Need To Stop The Federal Government From Expending The Last Tranche Of The Abacha Loot Or Any Recovered Loot At All Without Parliamentary Approval’.

“Recently, the Attorney General of the Federation signed an agreement on behalf of the government of the federation on the release of the last tranche of $322million belonging to Nigeria.

“The Special Adviser to the President of the Federal Republic of Nigeria on Justice Reform, Juliet Ibekaku Nwagwu, was reported to have said that, in line with the Memorandum of Understanding signed by the Switzerland government and the Nigerian government, the$322 million will be paid directly to the accounts of poorest Nigerians without recourse to the National Assembly,” Vanguard quoted Karimi as saying.

The paper went on to quote the federal maker further: “Consequently, no agreement or MoU, purportedly signed by the Federal Government with the Switzerland government, can have any force of law in Nigeria, except approved and enacted by this National Assembly.

“Cognizant that by virtual of Section 80(1-3) and 81 of the Constitution of the Federal Republic of Nigeria (as amended), all revenue raised and received by the Federal Government shall be paid to the Consolidated Revenue Fund.

“Section 80(3) stipulates that no such monies raised shall be withdrawn from the Consolidated Revenue Fund unless the issue of such funds has been authorized by the National Assembly. As a result, no monies can be paid or expended without the National Assembly approval.”

It said when Speaker Yakubu Dogara threw the matter out for debate, all the lawmakers, who contributed, were on the same page with Karimi.



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