FG Uses Recovered Stolen Funds to Uplift Poor Nigerians

The Presidency says the Federal Government is judiciously using the recovered 'Abacha loot' and World Bank credit to address the plight of poor and vulnerable Nigerians.

Mrs Maryam Uwais, the Special Adviser to President Muhammadu Buhari on Social Investments said this on Monday in at a public function in Port Harcourt, Rivers.

Uwais, in a statement by Communication Manager, National Social Investment Office, Tienabeso Bibiye, was speaking at a two-day Experts' Training and Advocacy on Tracing and Recovery of Illicit Funds and Assets in Port Harcourt.

The event was organised by the Human Environmental Development Agenda in Port Harcourt, Rivers.

"From the August/September 2018 to the September/October payment 2019 cycle, the total cumulative value so far disbursed from the Abacha Loot is 76,538,530 dollars, and 27,099,028 dollars from the International Development Association (IDA) credit.

"The funds are specifically being disbursed to beneficiaries of the National Cash Transfer Programme (a component of the National Social Investment Programme N-SIP).