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FG Releases $311 Million Abacha Loot

The Federal Government has released the $311 million Abacha loot to the Nigeria Sovereign Investment Authority to fund its activities.

Managing Director of NSIA, Mr. Uche Orji while analysing the performance of the NSIA in 2019 said it recorded a five per cent growth in total assets from N617.7billion in 2018 to N649.84billion as of the end of 2019.

It also recorded a profit after tax of N34.46billion for the 2019 financial period.

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