Recovered Abacha Loots Are Spent On SIP Projects, Says Femi Adesina

The Special Adviser to the President on Media and Publicity, Femi Adesina, has asked Nigerians who are concerned about how the Abacha Loot is being spent, to take a deeper look into the budget.

Mr Adesina gave this advice on Wednesday when he appeared as a guest on Channels Television’s Politics Today.He said, “What the loot had always been used for had always been in the budget.

“If people just take the time to study the budget properly, they will see the sub-heads that accounted for those funds.”

“Every year’s budget in the preceding years had that sub-heads – ‘recoveries’ and that is the Abacha loot and what it was used for is clearly stated in the budget.

“Particularly last year and the year before, it was used for the Social Investment Programme,” Adesina added.

The presidential spokesman stated that the monies recovered have always been and will continue to be used for Social Investment Projects.

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

The President’s media aide stressed that contrary to claims in some quarters, the funds have been judiciously put to use and the breakdowns within the budget give 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.

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