Skip to main content

How Okonjo-Iweala Transferred N61.4bn Abacha Loot To Dasuki With Jonathan's Approval

Former Minister of Finance, Ngozi Okonjo-Iweala reportedly approved the transfer of at least N61.4 billion ($300 million and £5.5 million) to the Office of the National Security Adviser, Sambo Dasuki.

According to Premium Times, the funds were transferred from the loot recovered from late military ruler, Sani Abacha.

Okonjo-Iweala was said to have turned blind eyes to how the money was spent but, according to a document sighted by the online news portal, she requested that former President Goodluck Jonathan directly demand accountability from Dasuki.

Report said Abacha stole an estimated $5 billion from Nigeria, the funds which are being returned to the country's coffers in portions following agreements with  Switzerland and the United States.

About $700 million is believed to have been returned from Switzerland alone - the total amount of funds returned is however unclear.

Dasuki is being investigated for his role in the disbursement of $2.1 billion and N643 billion meant for the procurement of arms to fight the raging insurgency in Nigeria’s north east region.

Also facing probe are former governor of Sokoto State, Attahiru Bafarawa, and founder of DAAR communications, owners of Africa Independent Television and Raypower radio network, Raymond Dokpesi.

According to a letter dated January 20, 2015 and addressed to Jonathan, the money was transferred following a January 12, 2015 request by the office of the NSA under Dasuki for funds for the procurement of arms and ammunition as well as intelligence equipment.

The letter, reportedly seen by Premium Times, also showed that 50 per cent of the recently recovered Abacha loot was allotted for “urgent security need” such as the procurement of arms and ammunition while the other half was set aside to be used for development purposes.

Okojo-Iweala allegedly wrote in the letter, “Please find a request by the National Security Adviser (NSA) for the transfer of $300 million and £5.5 million of the recovered Abacha funds to an ONSA [Office of the National Security Adviser] operations account.

“The NSA has explained that this is to enable the purchase of ammunition, security, and other intelligence equipment for the security agencies in order to enable them fully confront the ongoing Boko Haram threat.

“His request is sequel to the meeting you chaired with the committee on the use of recovered funds where the decision was made that recovered Abacha funds would be split 50-50 between urgent security needs to confront Boko Haram and development need (including a portion for the Future Generations window of the Sovereign Wealth Fund)."

She further said the letter was to seek Jonathan’s approval for the funds to be disbursed to the ONSA and noted that she expected Dasuki to directly give an account of how he spent the funds to the ex-president.

“This letter is to seek your approval to borrow these funds, for now, to disburse to the NSA. These funds form part of the projected Federal Government Independent Revenue, to be appropriated, in the light and for accountability, given the peculiar nature of security and intelligence transactions, we would expect the NSA to account to Your Excellency for the utilisation of the funds,” she added.

The document showed that Jonathan approved the transfer on January 30, 2015.


Popular posts from this blog

Nollywood Actor, Yemi Solade Compares Cynthia Morgan to a Cow

Yoruba Actor, Yemi Solade yesterday took to his instagram shade to throw a heavy subtle shade at Dancehall artiste – Cynthia Morgan.He posted a side by side picture of Cynthia Morgan with a Cow and captioned it “COWsquare”. He was referring to the fact that Cynthia’s had a nose ring on in the picture…same as the cow.His reasons and intentions for pulling this is unknown, but Yemi claims he never knew Cynthia Morgan was an Entertainer.He has since deleted the post from instagram and has refused to apologize…instead he is battling a blog on instagram who first reported the story.Fans are saying he should just apologize and move on.

Sad News – Amodu Shuaibu Is Dead (Ex-Coach, Super Eagles)

Coach Amodu Shaibu on time manages of the Nigerian Super Eagles and Technical Director of the NFF is dead.
Amodu Shaibu died in Benin three days after the death of former Super Eagles Captain and Coach, Stephen Keshi, who also died in Benin. Reports have it that Shaibu Amodu complained of chest pains on Friday night and died in his sleep. 

See The Gift Tonto Dikeh Received From a Fan - You Have to See This !

A fan decided to show love to Nollywood actress Tonto Dikeh by giving her a painting of herself today.
Tonto who shared a photo of her gift and the fan on Instagram said she will put it up in her new home.
What do you think about the gift?