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FG Urged On How To Spend $308m Abacha Stole

The Federal Government has been counselled on how best and profitable to spend the $308 million the former Head of State, Sani Abacha stole which has been recovered.

Some stakeholders in the Federal Capital Territory (FCT) said the money should be used to strengthen security operations in the country.

The move, they said, would help combat the growing menace of violent crimes in the FCT.

Isaac David, President of Abuja Original Inhabitants Youths Empowerment Organisation (AOIYEO) who spoke on behalf of the stakeholders said the money should be used in establishing the FCT Security Trust Fund.

He said the fund would assist in addressing some of the FCT’s most critical security concerns.

READ ALSO: US to Nigeria: ‘If You Steal Abacha’s $308m Loot, We’ll Collect It Back’

“The fund is a practical response to the reality of the operational deficiency of the various security agencies within the state, particularly with respect to funding and provision of modern equipment,” he said.

He also said that some of the funds should be reserved for the training and retraining of security personnel and the recruitment and training of youths from the 858 communities in the FCT as volunteers.

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