Abacha Loot: FG Disburses $200b In First Tranche


The Federal Government says it has disbursed more than t $200 billion recovered Abacha loot in the first tranche.

Consequently, the government has received commendation on its commitment to the Open Government Partnership which started three years ago.

Straightnews learnt that in 2016, Nigeria was part of the London Anti-Corruption Summit, where it signed to the Open Government Partnership and committed to the Global Forum on Asset Recovery a year later.

This civil society group with focus on anti-corruption is launching the outcome of its findings on the country’s level of compliance with the commitment made.

ANEEJ said having traversed 19 states of the country, Nigeria has largely implemented its commitment

Government corroborates the group’s findings and says it has so far impacted positively on the lives of the poor with the recovered Abacha loot.

The report recommends that government would take steps to ensure the disposition of confiscated proceeds of crime does not benefit persons involved in the commission of the offence.

It advocates the inclusion of non-government actors such as the civil society, non- governmental organisations, community based groups and the private sector.