$322Million Abacha Loot: FG Begins Cash Transfer To Poor Homes In July

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The FG says it will commence disbursement of the recovered $322 million Abacha loot through Conditional Cash Transfers (CCT) to 302,000 poor households in 19 states in July.

Tukur Rumar of the National Cash Transfer Office (NTCO), said this at a roundtable on assets recovery organised by the Swiss Embassy on Thursday, in Abuja.

The event was organised to intimate citizens and Civil Society Organisations (CSOs) on the efforts both nations were making on asset recovery after the Post-Global Forum on Assets Recovery (GFAR) held in Washington D.C. in December 2017.

At the forum, Nigeria made commendable commitments on beneficial ownership, tax transparency, asset recovery, transparency management of recovered funds and payments to victims of corruption.

The states are: Niger, Kogi, Ekiti, Osun, Oyo, Kwara, Cross River, Bauchi, Gombe, Jigawa, Benue, Taraba, Adamawa, Kano, Katsina, Kaduna, Plateau, Nasarawa, Anambra and Internally Displaced Camps (IDPs) in Borno.

According to Mr Rumar, the benefiting households will receive N5,000 monthly and are derived from the National Social Register (NSR) that the 19 states are already on.

He said the programme was designed to also train beneficiaries on livelihood skills, social skills and other programmes that would change their lives completely.

Mr Rumar, however, said NCTO had been making payments to the 46,000 poor and vulnerable households across the 19 states since December 2016, adding that the number had increased to 290,000.

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is an Associate at MediaHoarders. Communication Manager & Social Media Strategist with a keen interest in writing. Jeffery is a huge fan of the Black Panther fictional character. He is currently at crossroads when it concerns his interests in Hip-Hop & Rock music. e-mail: odilijeffery@mediahoarders.ng

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