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Asemota Faults Disbursement Plan Of Abacha’s Loots



A public affairs analyst Arch. Asemota O. Asemota, has faulted the federal government plan to distribute part of the repatriated $322,000,000 loot of late Gen. Sani Abacha’s from Switzerland to poor and vulnerable Nigerians.

Asemota who raised the alarm over handling of the loot while speaking to LEADERSHIP yesterday, said Nigeria has no database, and therefore simply lacks the credibility to disburse the money to poor and vulnerable Nigerians.

The federal government had said it would commence the disbursement of the $322m Abacha loot, repatriated by the Swiss government, through Conditional Cash Transfers to 302,000 poor households in 19 states.

He said although there is nothing wrong with government assisting citizens who are poor, Nigeria data base cannot properly give records of the poor.

Asemota who is the CEO, Gmax Constructions Limited also said that the money could be used to provide basic social amenities and development projects to Nigerians.

According to him, “This money can be used to provide basic social amenities and development projects that will be of direct benefits to Nigerians in the rural communities and most importantly, long Iasting rather than sharing it.

“Nigeria as a nation does not have a database that keeps records of its citizens, so it is shocking to see the government trying to disburse money to the poorest of the poor. It is speculated that the sharing plan was a plot to distribute campaign funds and re-loot the money considering that the households were compiled with input from government officials.”

He said the fact that 13 out of these 19 states are Northern states in a country where the constitution was carefully penned to promote and encourage federal character just goes some miles to make a mockery of federal character.

‘’As of today, Nigeria has found itself on the very brink, and we are where we are today because of ethnic and religious divides, coupled with some unhealthy amount of nepotism.

‘’Does earmarking 13 northern states out of the 19 states further helps to widen this divide or heal the wounds?’’ he asked.

He, however, urged the federal government to shun the planed distribution of the loots.




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