Recovered Abacha loot is $26.4m, £19m – FG
Late Gen. Sanni Abacha
The Federal Government has disclosed that, as at the end of November, the total amount recovered from the former military dictator, late Gen. Sanni Abacha, stood at $26.4 million and £19 million, respectively.
This was disclosed at the end of a meeting of the National Economic Council presided over by Vice President Yemi Osinbajo inside the Presidential Villa, Abuja, which has all state governors as members.
The Benue State Governor, Samuel Ortom, who was joined by the Sokoto State Governor, Aminu Tambuwal; Taraba State Governor, Dairus Ishaku; and the Minister of Budget and National Planning, Udo Udoma, disclosed this to State House correspondents.
According to the governor, the figure was disclosed by the Accountant-General of the Federation, Ahmed Idris, during a presentation he made to the council.
“We were also briefed on updates on Abacha loots in council. The Accountant-General of the Federation reported that the dollar account as at November 2015 ending has a balance of $ 26.389 million while the pounds sterling account has a balance of £19, 033, 000.00 That is where we are today,” Ortom said.
Tambuwal said the Governor of the Central Bank of Nigeria, Godwin Emefiele, told the council that the drop in oil prices had put a serious pressure on the country’s reserve which currently stands at $29 billion.
He said the CBN governor also briefed the council on the monetary policy currently being introduced by the apex bank.
“The CBN governor gave an update on monetary policy measures on foreign exchange strategy and he told the Council the challenges being faced by many countries as a result of the global economy recession.
“He also reported that the drop in the oil prices has caused serious pressure on Nigeria’s reserve which currently stands at $29 billion.
