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Govt shares $322.5m Abacha loot to 1.9m Nigerians

  Govt shares $322.5m Abacha loot to 1.9m Nigerians Government distributes $322.5 million in Abacha wealth to 1.9 million Nigerians. Government distributes $322.5 million in Abacha wealth to 1.9 million Nigerians. On June 24, 2022, from Abuja, Nduka Chiejina The whole $322.5 million Abacha loot of 2017 has been distributed by the federal government to 1.9 million vulnerable and impoverished Nigerians. The funds were placed and accumulated interest of $11 million prior to the release. This announcement was made yesterday in Abuja by Mr. David Ugolor, Executive Director of ANEEJ, an independent monitor providing an objective report on the utilization of the monies. According to Mr. Ugolor, "the Abacha loot is exhausted. Around 1.9 million impoverished Nigerians received the $11 million in interest that accrued on the money that was saved. The National Social Register was used to determine who would receive benefits, and the register is regularly updated to remove those who have pass...