Why We Cannot Squander $311M Returned From US – Presidency Reveals


The Presidency, through the Special Adviser to the President on Media and Publicity, Femi Adesina, has explained why the returned $311million from the US cannot be squandered by the government.

Adesina disclosed that even before releasing the money, the US government made it mandatory for President Muhammadu Buhari to state exactly what the fund will be used for.

For this reason, Adesina asked whoever was concerned about how the Abacha loot would be spent, to “take a deeper look into the budget.”

MUST READ:  Man Blasts Funke Akindele On Live TV Calls He An Agent Of Devil (Watch Video)

The Peoples Democratic Party (PDP) on Wednesday alleged fresh plots by the cabal in the Presidency and the All Progressives Congress (APC) to use fake subheads and duplicated projects as ploy to re-loot the recently repatriated $311millon.

Adesina said this on Wednesday when he appeared as a guest on Channels Television’s Politics Today.

He said that

“all regarding the use of the recovered funds is embedded in a section of the budget called ‘Recoveries’.

“The monies recovered have always been and will continue to be used for Social Investment Projects.”

Adesina also pointed out that there are subheads awarded to the funds within the budget.

MUST READ:  Covid-19: What Do You Have For Us As We Stay At Home? Yemi Alade Writes Buhari, Senate

The Buhari’s mouthpiece added that contrary to claims in some quarters, the funds have been judiciously put to use and the breakdowns within the budget give deeper insight as to the specifics of use.

Adesina assured the people that the loot recovered from the US cannot be squandered because “even before it was released, the American government made it mandatory for the Buhari administration to state exactly what it will be used for.”

MUST READ:  WINNERS!!! See The 3 Winners Of Our “Sunday, 9th August 2020” Giveaway

The post Why We Cannot Squander $311M Returned From US – Presidency Reveals appeared first on Naijaloaded | Nigeria’s Most Visited Music & Entertainment Website.

Source: News update


Next Post

MAD O! Car Kills Man Video Calling His Girlfriend While Crossing The Road In Ogun

Thu May 7 , 2020
Post Views: 243 20 ★★★★★★★★★★★★★★★★★★★★★ CLICK TO DOWNLOAD JETHITMUSIK MOBILE APP ★★★★★★★★★★★★★★★★★★★★★ A 26-year-old man, Olajide Asade, is dead after being crushed by a car while reportedly making a video call with his girlfriend in Siun along Abeokuta-Sagamu expressway. The tragic incident happened on Wednesday, 6th May 2020. The deceased […]
Copyright All right reserved Theme: Default Mag by ThemeInWP