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Abacha loot: Monies recovered have always and will continue to be used for SIPs – Femi Adesina

Abacha loot: Monies recovered have always and will continue to be used for SIPs – Femi Adesina

By Admin

 

The Special Adviser to the President on Media and Publicity, Femi Adesina, has said that the use of the recovered funds is embedded in a section of the budget called ‘Recoveries’.
Mr Adesina noted this on Wednesday when he appeared as guest on Channels Television’s Politics Today programme.
According to him Nigerians who are concerned about how the Abacha Loot is being spent can take a deeper look into the budget, stating that the monies recovered have always been and will continued to be used for Social Investment Projects.

Mr Adesina also noted that there are subheads awarded to the funds within the budget.

He stressed that contrary to claims in some quarters, the funds have been judiciously put to use and the break downs within the budget gives deeper insight as to the specifics of use.

He assured Nigerians that the recovered loot cannot be squandered because even before it was released, the American government made it mandatory for the Buhari administration to state exactly what it will be used for.