80% social investments funded with Abacha loot – Presidency

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The Special Adviser to President Muhammadu Buhari on Social Investments, Mrs Maryam Uwais, on Thursday, said 80 per cent of payments for social investments come from the recovered looted funds by form

er Head of State, Sani Abacha.She spoke as a keynote speaker during a training and advocacy programme on tracing and recovery of illicit funds and assets in Abuja.

The training was organised by Human Environmental Developmental Agenda supported by MacArthur Foundation and Open Society Initiative for West Africa in collaboration with Kent Law School, The Corner House, Finance Uncovered and Premium Times Centre for Investigative Journalism. Uwais said the beneficiaries of the fund had been very responsive and productive, adding that they had saved about N567m.

According to her, over 18,200 of them had taken loans from the intervention while less than 1,000 had defaulted.She said, “The funds for the social investments are from the World Bank and the Abacha loot. We are using the credit that we got from World Bank in the ratio of 20:80. 80 per cent from the Abacha loot so that we can pay the beneficiaries the amount that the government has pledged to help them.

 

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What % was borrowed?

But the president said Abacha didn't loot our treasury. Yeye dey smell...

Social investment in the air, invisible to the eye, inaudible to the ear. Only in Buhari's realm. They have relooted the money again.

They have stolen the loot again.

Yet you keep borrowing. Government of lies

Which Abacha loot?

Has he accepted that Abacha looted.

Kuku say 100%

Abacha loot? Whatever that means.

This man is confuse

Las las abacha is a thief, and not a yahoo man!

But Buhari said Abacha did not loot our treasury or not a looter?

Abacha loot or Abacha investment. You said Abacha never looted so he invested.

Where the social investment dey for 9ja abeg make sombori put me trough ooo

Yepa!!! 🙆🙆Name them please

Abacha loot that is re-looted by your cabals

Buhari is this you? Tueh.

Be specific, and point one out?

That means it is reloot again

Lies!

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