Nigeria's Plan to Redistribute Recovered Corruption Money Needs a Rethink

analysis

The Nigerian government has announced that USD$322 million (£244 million) stolen by Nigeria's former military ruler, Sani Abacha, has been returned by the Swiss authorities. Abacha, an army general who was head of state from 1993 until his death in 1988, is suspected to have embezzled between USD$3 to 5 billion of public money.

Plans have also been announced to distribute the recovered loot to around 300,000 households in 19 of Nigeria's 36 states. Under the plan each household would get around USD$14 a month. The handouts would be paid to poor Nigerians for about six years.

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