An eleven-member ad-hoc committee of the House of Representatives is billed to meet with former President Olusegun Obasanjo to ascertain the actual monies so far recovered from various foreign accounts traceable to the former military ruler, the late Gen. Sani Abacha. The panel, to be led by Mr. Abdulmumini Jibrin, will also meet with the former President Goodluck Jonathan and the incumbent President Muhammadu Buhari on the fact-finding mission.

The probe is to determine how the recovered monies were utilised, establish the agreement signed by the Federal Government on the issue and ascertain whether such agreement was in line with due process.

The House, had while adopting the motion sponsored by Mr. Karimi Sunday (Kogi, PDP) penultimate week, called for the stoppage of the executive arm from expending the last tranche of the Abacha loot amounting to $322 million without the approval of the National Assembly. The House further enjoined the Executive arm to come up with a Supplementary Appropriation Bill earmarking the funds due to it from the Abacha loot for the completion of the Ajaokuta Steel Complex.

It also called on the Executive arm to present to the National Assembly details of the monies released from the recovered loot and how they were expended over the years. Karimi, while leading debate on the issue, faulted a recent treaty said to have been signed by the justice minister and officials of the Switzerland government for the release of the $322 million for onward payment to indigent Nigerians.

Sani, who spoke in an interview with The Guardian, said it was wrong for the government to contemplate disbursing the repatriated funds to Nigerians during election year. Besides, he said the President and the ruling APC had been losing the support of Nigerians due to poor handling of governance, the crisis in the APC and the increasing wave of killings across the nation that could not be salvaged.

According to him, for the President and the APC leaders to suggest that the recovered funds be distributed to poor Nigerians is not only against the law, but an attempt to channel the money for political means.

•Excerpted from Guardian report