$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 Covid-19 would be even tougher.
    Presidency noted that the latest return is a testament to the growing and deepening relationship between the government of Nigeria and the government of the United States.Without the cooperation both from the UK Government, the US Executive branch and US Congress, we would not have achieved the return of these funds at all.  

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