ABACHA LOOT: Funds to be Used for Vital and Overdue Infrastructure Development


By The World Satellite.


ABACHA LOOT: Funds to be Used in for vital and Decades-Overdue Infrastructure Development
    Late General Sani Abacha; Former Military Head of State, Nigeria

    THE sum of $311 million US Dollars – stolen from the citizens of Nigeria during the Abacha regime, which were safely returned to Nigeria from the United States on Monday, May 4, 2020 have already been allocated.

    In a statement sighted by Theworldsatellite.com, Senior Special Assistant to the President
    on Media & Publicity; Garba Shehu informed that the funds will be used in full, for vital and decades-overdue infrastructure development: The second Niger Bridge, the Lagos-Ibadan and Abuja-Kaduna-Kano expressways – creating tens of thousands of Nigerian construction jobs and local skills, which can then be useful in future projects.

    According to the statement, part of the funds will also be invested in the Mambilla Power Project 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.

    Mr. Garba Shehu noted that 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. Without these funds, the fight against Covid-19 would be even tougher.

    ABACHA LOOT: Funds to be Used in for vital and Decades-Overdue Infrastructure Development

      Explaining further, he described that this latest return as a testament to the growing and deepening relationship between the government of Nigeria and the government of the United States.

      “Without the 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.

      “For years many countries deemed successive Nigerian administrations as too corrupt, too venal and too likely to squander and re-steal the stolen monies – so they did not return the funds.

      “Today, US, UK and other jurisdictions have found the partnership with the nation of Nigeria they can finally trust”, the statement read.

      The statement concluded by informing that the Buhari Administration is committed to – and is enacting – total and zero tolerance to corruption in politics and public administration, while noting that the days when government was seen and used by the political class as their personal ATM to empty are over. He assured that the time of better governance and clean hands in the affairs of state is here to stay.



      One thought on “ABACHA LOOT: Funds to be Used for Vital and Overdue Infrastructure Development

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