Sharing of $350m Abacha loot unacceptable —TUC tells FG

The Trade Union Congress of Nigeria (TUC) has described as unacceptable the plan by the Federal Government to share the $350 million (about N115 billion) recovered Abacha loot among estimated 300,000 Nigerian households.

Rather, the TUC said the recovered money should be used to fund visible landmark projects.

The congress said it was not in support of the recent plan by the Federal Government, saying that sharing $350 million among 300,000 household would amount to each getting around $14 (around N5, 000).

“For us, this is unacceptable and can be termed another avenue to re-loot the loot. The recovered loot has to be tied to projects,” President of TUC, Comrade Bobboi Kaigama, said while reacting to the issue.

“We are people deficient in everything that make life comfortable and worth living. We lack the basic things of life; infrastructure- ranging from roads, modern rail system, hospitals and power, to mention a few. Our education has collapsed. The technical schools have gone into extinction likewise science and technology.”

The TUC queried the formula to be adopted for the sharing, adding, “is it by geographical zones, through state governors or by Individual families.”

Kaigama pointed out that Nigeria population and landmass should be an advantage, but unfortunately there hadn’t been creative thinking on the part of the leadership.


“We expect the authorities to do the right thing and stop creating wrong impressions. Repatriated funds should be transparently and accountably spent.”