Abacha loot: World Bank request more time to give details

Abacha loot: World Bank request more time to give details
August 09 20:19 2016

The World Bank has said it requires  more time to put together and release details of how the loot recovered from Late Head of State, Gen Sani Abacha, was spent.

An advocacy group, Socio-Economic Rights and
Accountability Project made the request last year.

The group had written to the Bank, seeking to know how much of the Abacha
loot was recovered and to what use it was put.

In response to the request, the World Bank
supplied SERAP with a 700-page document stating the
projects executed in the country with the loot
recovered from Abacha.

But  SERAP said it wasnt satisfied with the information sipplied and had appealed for more
information, contending that “important portions of the
information requested on how Abacha loot was spent”
were missing from the document supplied to it by the
World Bank.

The Executive Director of SERAP, Adetokunbo
Mumuni, said in a statement on Tuesday that the
organisation had received a letter dated August 8,
2016 from the World Bank, requesting to be given
more time to supply the additional information.

Mumuni said it was the second time the World Bank
would be asking for additional time to supply the
details of the Abacha loot spending.

According to him, parts of the additional information
being sought by SERAP was the evidence of the 23
projects, which the World Bank said were executed
with Abacha loot.

The organisation also sought to know “what became
of two abandoned projects; evidence and location of
the eight health centres built with the recovered
Abacha loot reviewed by the World Bank; and evidence
and location of the 18 power projects confirmed by the
World Bank.”

The statement added, “Other aspects of the spending
of Abacha loot the bank referred to its Archives Unit
for processing for public access are information on
how the $50m Abacha loot received before 2005 kept
in the special account was spent; evidence and
location of schools which benefited from the Universal
Basic Education programme in the amount of
N24.25bn; and evidence and location of the 13 road
projects completed with the recovered Abacha loot,
including the names of the three of the largest road
and bridge projects in each geo-political zone.”