Thursday, 10 December 2015

How Okonjo-Iweala's letter to Jonathan gave Dasuki $322m Abacha loot

On January 12, 2015, the office of the NSA under Col Sambo Dasuki requested for funds for the procurement of arms, ammunition and intelligence equipment to aid the fight against insurgency.

See Okonjo-Iweala's letter to then President Jonathan on the subject matter as published by Premium Times.

“Please find a request by the National Security Adviser (NSA)for the transfer of $300 million and £5.5 million of the recovered Abacha funds to an ONSA (Office of the National Security Adviser) operations account.

“The NSA has explained that this is to enable the purchase of ammunition, security, and other intelligence equipment for the security agencies in order to enable them fully confront the ongoing Boko Haram threat.

“His request is sequel to the meeting you chaired with the committee on the use of recovered funds where the decision was made that recovered Abacha funds would be split 50-50 between urgent security needs to confront Boko Haram and development need (including a portion for the Future Generations Window of the Sovereign Wealth Fund) .

“This letter is to seek your approval to borrow these funds, for now, to disburse to the NSA. These funds form part of the projected Federal Government Independent Revenue, to be appropriated. In the light and for accountability, given the peculiar nature of security and intelligence transactions, we would expect the NSA to account to Your Excellency for the utilisation of the funds."

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