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So Good! FG to spend Diezani, Yakubu loot to feed the poor

The Federal Government is set to invest some of the recently recovered loot on social intervention.

A top government official disclosed that the $9m recovered from former Group Managing Director of NNPC, Andrew Yakubu and $153million forfeited by a former Minister of Petroleum, Diezani Alison-Madueke, would be immediately used to fund the welfare scheme for the poor.

The official, who wished to remain anonymous, told Punch that the money would be used in paying the N30,000 monthly stipend to N-Power beneficiaries, the job creation programme of the President Muhammadu Buhari administration; as well as the school feeding programme.

He said, “The National Economic Forum has been meeting and we are looking at the idea of investing the recovered funds on the social intervention programme which will gulp hundreds of billions of naira.”

The Federal Government is also on a mission to recover at least N399bn and $6.62bn in cash and assets from the high profile "thieves" across the country.


The Federal Government is set to invest some of the recently recovered loot on social intervention.

A top government official disclosed that the $9m recovered from former Group Managing Director of NNPC, Andrew Yakubu and $153million forfeited by a former Minister of Petroleum, Diezani Alison-Madueke, would be immediately used to fund the welfare scheme for the poor.

The official, who wished to remain anonymous, told Punch that the money would be used in paying the N30,000 monthly stipend to N-Power beneficiaries, the job creation programme of the President Muhammadu Buhari administration; as well as the school feeding programme.

He said, “The National Economic Forum has been meeting and we are looking at the idea of investing the recovered funds on the social intervention programme which will gulp hundreds of billions of naira.”

The Federal Government is also on a mission to recover at least N399bn and $6.62bn in cash and assets from the high profile “thieves” across the country.

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