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Big reveal!!! Buhari lists what will gulp $311m Abacha loot repatriated from US

The Presidency on Tuesday said that returned $311m which was part of the money allegedly stolen by the late former Head of State, Gen. Sanni Abacha has been allocated for infrastructure development in the country.

The Presidency specifically said that the recently returned funds have already been allocated for vital and overdue infrastructural development like the second Niger Bridge, the Lagos-Ibadan and Abuja-Kaduna-Kano expressways and in the Mambilla Power Project,creating thousands if Nigerian construction jobs and local skills, which can then be useful in future projects.

This was disclosed in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu in Abuja.

The statement titled, “The return of the Abacha stolen millions from the United States ” noted that the returned money and the ones before it was a testament to the growing and deepening relationship between the government of Nigeria and the government of the United States.

It read in part,” On Monday, May 4, 2020, some $311 million US Dollars – stolen from the citizens of Nigeria during the Abacha regime – were safely returned to our country from the United States.

“Part of the funds will also be invested in the Mambilla Power Project and other crucial projects which, when completed, will provide electricity to some three million homes – over ten million citizens – in our country.

”The receipt of these stolen monies – and the hundreds of millions more that have already been returned from the United Kingdom and Switzerland – are an opportunity for the development of our nation, made far harder for those decades the country was robbed of these funds.

“Indeed, previous monies returned last year from Switzerland – some $320 million US dollars – are already being used for the government’s free school feeding scheme, a stipend for millions of disadvantaged citizens, and grain grants for those in severe food hardship.”

Continuing, the Presidency said, “Without these funds, the fight against Covid-19 would be even tougher.

“The latest return is a testament to the growing and deepening relationship between the government of Nigeria and the government of the United States.

“Without cooperation both from the UK Government, the US Executive branch and US Congress, we would not have achieved the return of these funds at all.”

The Presidency said that for years many countries deemed successive Nigerian administrations as too corrupt, too venal and too likely to squander and re-steal the stolen monies

It, however, said,” Today, US, UK and other jurisdictions have found the partnership with the nation of Nigeria they can finally trust.

”The Buhari Administration is committed to – and is enacting – total and zero tolerance to corruption in politics and public administration.

“The days when the government was seen and used by the political class as their personal ATM to empty are over.

“The time of better governance and clean hands in the affairs of state is here to stay.”

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Written by Vivian Ifezue


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