$311million recovered Abacha loots, can it be spent in well?
Federal government had on Monday announced that it has received the funds from the United States and the Island of Jessey. Nigeria government listed the second Niger Bridge, the Lagos-Ibadan and Abuja-Kaduna-Kano expressways, as some of the ongoing projects that are benefiting from the fund, according to government, there would be creation of tens of thousands of construction jobs. According to Nigerian government, (some $311 million US Dollars) stolen from the Abacha regime were safely returned to the country from the United States. government also mentioned the ailing electricity sector in Nigeria which will also benefit from the funds. Monies previous monies returned last year from Switzerland ( some $320 million US dollars) are already being used for the government’s free school feeding scheme, a stipend for millions of disadvantaged citizens, and grain grants for those in severe food hardship, government also said,without these funds, the fight against Co...
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