Thursday 17 December 2015

Balance of Abacha loot stands at $26m, 19m pounds - AGF reveals


The Accountant-General of the Federation, Alhaji Ahmed Idris, on Thursday reported to the National Economic Council (NEC) that the balance of the money stolen by the late Gen. Sani Abacha stood at $26 million and 19 million pounds as at November 2015. The Benue Governor, Mr Samuel Ortom, made this known while briefing State House correspondents after a NEC meeting, which was presided over by Vice President Yemi Osinbajo at the State House.


"We were briefed on the Abacha loot recovery.

"The Accountant-General of the Federation reported that the dollar account as at November 2025 ending has a balance of $26 million, while the pound sterling has a balance of 19 million and 33 pounds.

"So that is where we are as at today.’’

Ortom also said that the Accountant-General briefed the NEC on the remittances of Naira equivalent of foreign exchange remittances made into some revenue generating agencies, adding that the incidents were further being looked into.

He said the practice was not allowed and that the Federal Ministry of Finance was working out the details which would be forwarded to NEC.

Contributing, the Governor of Taraba State, Mr Darius Ishaku, said that the Accountant -General disclosed that the excess crude account stood at $2.26 billion and yielded an interest of $599.14 million as at November 2015

"The Accountant General of the Federation reported to council that the Excess crude account stood at $2.257 billion as at the end of November 2015.

"He also reported a slight change against the previous balance with an interest, which is due of $599,137,467 into the account as accrued interest.’’