No record of how obasanjo jonathan spend 5bn abachas loot fg

I think there may be some misinformation or confusion here.

Firstly, it's important to clarify that the "Abacha loot" refers to the stolen funds recovered from the late Nigerian Head of State, General Sani Abacha, who ruled Nigeria from 1993 to 1998. The funds were looted during his regime and were later recovered by the Nigerian government.

Regarding the spending of the recovered Abacha loot, I'll provide some context and facts:

  1. In 2014, the Nigerian government recovered $322 million (approximately N50 billion) from the Abacha loot, which was frozen in a Swiss bank account.
  2. In 2017, the government recovered an additional $150 million (approximately N23 billion) from the Abacha loot, which was also frozen in a Swiss bank account.
  3. The recovered funds were deposited into the Nigerian National Petroleum Corporation (NNPC) account, as required by law.
  4. The Federal Government of Nigeria (FGN) has been transparent about the use of the recovered funds, which have been used for various development projects across the country.

Now, regarding the specific question about how former Presidents Olusegun Obasanjo and Goodluck Jonathan spent the Abacha loot, I must clarify that:

  1. Obasanjo was not directly involved in the management of the Abacha loot. He was the President of Nigeria from 1999 to 2007, while the Abacha loot was recovered during his successor's administration.
  2. Jonathan was the President of Nigeria from 2010 to 2015, and during his administration, the government recovered the additional $150 million from the Abacha loot. However, there is no record of him personally spending the funds or misappropriating them.

In fact, the Nigerian government has been transparent about the use of the recovered funds, and the National Assembly has oversight responsibilities to ensure that the funds are used for their intended purposes.

It's important to note that the Abacha loot is a complex issue, and there may be some misinformation or misconceptions about its recovery and use. However, based on publicly available information, it appears that the Nigerian government has been transparent about the use of the recovered funds, and there is no evidence to suggest that Obasanjo or Jonathan misappropriated the funds.