Balance in Late Sani Abacha’s Loot Account Stands at N10.48billion”- FG

The Federal Government on Thursday, December 17, stated that the balance in the account of the loot recovered from the late Head of State, Gen. Sani Abacha stood at $26.389m and £19.033m as at November.

This was disclosed by Benue State Governor, Sam Ortom, while briefing State House correspondents after the National Economic Council, NEC, meeting chaired by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.

The Accountant General of the Federation reported that the dollar account as at November 2015 ending has a balance of $26,389m, while the pound sterling has a balance of £19, 033m. That is where we are today,” he said.

Also speaking, Minister of Budget and National Planning, Udoma Udo Udoma said his ministry made presentation to the council on the Medium Term Expenditure Framework, MTEF, and the Fiscal Strategy Paper, FSP.

According to him, the reports highlighted government’s fiscal policy strategy and direction as well as revenue and expenditure projections for the next three years.

“We briefed Council about our view in terms of the global outlook and micro-economic frame work and the key assumptions underlining our projections,” Udoma said.

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