Federal Government, Thursday, said the total amount of money recovered from the late Head of State, Gen Sani Abachi as at November 30 stood at $26.4 million and £19 million.
This was disclosed at the National Economic Council (NEC) meeting attended by state governors, and which was presided over by the Vice President, Prof Yemi Osinbajo, at the Presidential Villa, Abuja.
Fielding questions from State House Correspondents, the Benue State Governor, Samuel Ortom, who was joined by his colleagues from Sokoto, Aminu Tambuwal; Taraba, Dairus Ishaku; and the Minister of Budget and National Planning, Udo Udoma, said the figure was disclosed by the Accountant-General of the Federation (AGF), Ahmed Idris, during a presentation he made to the council.
“We were briefed on updates on Abacha loots in council. The AGF reported that the dollar account as at November 2015 ending has a balance of $ 26.389 million while the Pounds Sterling account has a balance of £19, 033, 000.00. That is where we are today,” Ortom said.
Tambuwal said the Governor of the Central Bank of Nigeria, Godwin Emefiele, told the council that a drop in oil prices has put serious pressure on the country’s reserve which currently stands at $29 billion.
He said the CBN governor also briefed the council on the monetary policy currently being introduced by the apex bank.
Ishaku, on his part, said the AGF also told the council that the Excess Crude Account stood at $2.257 billion at the end of November and also put the interest on the account at $599 million.
