Federal Government To Use Funds Recovered From Diezani, Yakubu, Others To Fund N-Power, Feed Poor Nigerians

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Fresh reports emerging from the Federal Capital Territory indicates that the Federal Government is set use funds recovered from high profile cases for funding the N-Power project and feed poor Nigerians through it’s social intervention programmes.

This was disclosed by an official of the FG who prefers anonymity.

It was disclosed that high profile cases are cases in which any of the suspect(s) is a politician, public officer or judicial officer and where the subject matter of the case involves government property or funds.

The government official tipped newsmen in Abuja on Saturday that the $9m recently recovered from former NNPC GMD, Andrew Yakubu and the $153m forfeited by former Petroleum Minister, Diezani Allison-Madueke fall in this category and will be immediately channeled to fund the welfare scheme for the less privileged.

N-Power, the job creation platform of the government is said to be a beneficiary of these funds as the monthly stipend of N30,000 will be paid from it.

He said the National Economic Forum also planned to use the recovered funds to fund the social intervention programmes which focuses on feeding poor Nigerians whic budget runds into hundreds of bbillions of Naira.

Documents made available to journalists on Saturday by the Presidential Advisory Committee Against Corruption showed that there are currently 45 high profile corruption cases going on in the Court.

Among the 45 cases are cases against former Governors, current lawmakers, some top Chief Executives and heads of government agencies.

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