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Fast Money & Foreign Objects
Abacha loot to be given to Nigeria's poor
Will Ross
Africa editor, BBC World Service
AFP
It's been 20 years since the death of military ruler Sani Abacha
Money looted by Nigeria’s former military ruler Sani Abacha is to be distributed to poor families, the government says.
The distribution is to start next month after more than $300m (£228m) was recently returned by the Swiss authorities.
The money, stolen by Abacha in the 1990s, is due to be given to around 300,000 households through monthly payments of around $14 each.
Some Nigerians have questioned whether this is the best way of distributing the money and there are also concerns that with elections just months away, the gifting of money could be seen as an effort to secure votes.
Read more about the late dictator's life:
Africa Live this week: 25-29 June 2018 as it happened
Will Ross
Africa editor, BBC World Service
AFP
It's been 20 years since the death of military ruler Sani Abacha
Money looted by Nigeria’s former military ruler Sani Abacha is to be distributed to poor families, the government says.
The distribution is to start next month after more than $300m (£228m) was recently returned by the Swiss authorities.
The money, stolen by Abacha in the 1990s, is due to be given to around 300,000 households through monthly payments of around $14 each.
Some Nigerians have questioned whether this is the best way of distributing the money and there are also concerns that with elections just months away, the gifting of money could be seen as an effort to secure votes.
Read more about the late dictator's life:
Africa Live this week: 25-29 June 2018 as it happened
