– SERAP appeals to the World Bank to provide information on how the recovered stolen funds by the late General Abacha was spent
– The body complains that the World Bank failed to disclose enough information on how the recovered stolen funds was spent by the government
SERAP appeals to the world bank to provide information on how the recovered stolen funds by the late General Abacha was spent
The World Bank has been urged by the Socio-Economic Rights and Accountability Project (SERAP) to provide sufficient information on how the Nigerian government spent the recovered stolen funds by the late General Sani Abacha, Vanguard reports.
In a statement by Olukayode Majekodunmi, SERAP Deputy Executive Director, dated Friday, February 5, the body complained that the World Bank failed to disclose sufficient information on the spending of recovered stolen funds by the government.
The body further appealed to the board to direct the bank to state “how the $50 million Abacha loot received before 2005 kept in the special account was spent,” and “evidence and location of schools which benefited from the Universal Basic Education (UBE) programme in the amount of N24.25 billion.”
According to The Cable, the body requested the appeals board to exercise its prerogative and allow disclosure of the following specific information and any feedback from the World Bank Evaluation Team on these issues:
– Evidence and list of the 23 projects allegedly completed with recovered Abacha loot, and whether the 26 projects were actually completed; and what became of the 2 abandoned projects.
– Evidence and location of the 8 health centers built with recovered Abacha loot reviewed by the World Bank
– Evidence and location of the 18 power projects confirmed by the World Bank
– How the $50mn Abacha loot received before 2005 kept in the special account was spent
– Evidence and location of schools which benefited from the Universal Basic Education (UBE) program in the amount of NGN24.25bn
– Evidence and location of the 13 road projects completed with the recovered Abacha loot, including the names of the 3 of the largest road and bridge projects in each geo-political zone.
According to SERAP, it: “considered the decision of the World Bank a serious violation of the AI Policy, as it amounts to improper or unreasonable restriction of access to information.”
Meanwhile, the Attorney general and justice minister Abubakar Malami has announced that the federal government hopes to retrieve $750 million stolen by Abacha.
He made the announcement during an interactive session with the House of Representatives Committee on Justice.
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