Why Recovered Abacha Loot Must Be Invested in Niger Delta
Chris Udoh SIR: In January 2018, the federal government recovered $322 million Abacha loot from Switzerland. And the government told us that they spent the whole money on ‘Social Investment’. I am unable to understand what this means in real terms. Now, another recovery of $311 is here with us and the government (through Presidential Spokesperson Garba Shehu) tells us that the funds have already been allocated in full to the Lagos-Ibadan and Abuja-Kaduna-Kano expressways and the second Niger Bridge. While I do not contest the president’s constitutional powers, I would rather suggest a fair distribution of these recovered monies. For the records, it is important for all of us to know the source of the billions of dollars that Abacha stole. For avoidance of doubt, this money did not come from cocoa, it did not come from groundnuts, it was not from cotton, neither was it from tomatoes. The billions that Abacha stole could have come from nowhere else but from Niger Delta oil and my state, Akwa Ibom, produced the highest portion of this oil money. Now that …
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