The
Federal Government is set to invest some of the recently recovered funds on its
social intervention programmes.
A
top government official told Punch on Saturday that the $9m
recovered from a former Group Managing Director of the Nigerian National
Petroleum Corporation, Andrew Yakubu and the $153m forfeited by a former
Minister of Petroleum Resources, Diezani Alison-Madueke, would be immediately
used to fund the welfare scheme for the poor.
The
official, who wished to remain anonymous, said the money would be used in
paying the N30,000 monthly stipend to beneficiaries of the N-Power scheme, the
job creation programme of the President Muhammadu Buhari administration; as
well as the school feeding programme.
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