Thursday, 10 December 2015 05:41

MESSY ARMS SCANDAL: Okonjo Iweala's Role in Transfer Of $322 Million Abacha Loot To Dasuki

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Former Minister of Finance, Ngozi Okonjo-Iweala yesterday made the confirmation that she approved the transfer of $322 million Abacha loot to former National Security Adviser (NSA) Sambo Dasuki to prosecute the fight against Boko Haram. She, however, said it was a loan. The former minister in a statement last night through her media adviser, Paul Nwabuikwu, said: “Some new Abacha funds of about $322 million were returned with another $700m still expected to be returned.

Mrs. Okonjo-Iweala said at a meeting of a committee set up by Former President Goodluck Jonathan to determine how best to use the funds, "the NSA made a case for using the returned funds for urgent security operations since, he noted, there cannot be any development without peace and security. Based on this, a decision was taken to deploy about $322m for the military operations, while the expected $700m would be applied for development programmes as originally conceived." Mrs. Okonjo-Iweala stated that based on the urgency of the NSA’s memo, she requested former President Goodluck Jonathan "to approve the transfer of the requested amount to the NSA’s Office for the specified purposes."

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