World Bank Set To Reveal More Information On Abacha’s Loot

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By Dipo Awojobi – The World Bank is set to release more information on how the recovered loot from the late General Sani Abacha was expended by the successive governments of Nigeria.

To achieve this, the bank has referred the appeal by a civil group, Socio-Economic Rights and Accountability Project, SERAP, to the Bank Archives Unit for processing for public access.
Sani Abacha

This disclosure was made by SERAP in a statement by its Executive Director, Adetokunbo Mumuni.

This is coming on the heels of the appeal the organisation lodged with the bank on February 5, 2016 on the ground that its earlier decision on its initial request did not reveal “important portions of the information requested on how Abacha loot was spent.”

According to Mumuni, the Bank Access to Information Committee, AIC, in its decision on appeal issued in case number AI3982-A dated April 29, 2016, to SERAP, disclosed that “although the appeal by the organisation was not filed within 60 days of the bank’s decision as required by its Access to Information Policy, SERAP appeal nonetheless “contains a request for additional information, not previously submitted by the requester and which the bank has neither considered nor denied.”

It, therefore, referred the matter to the Archives Unit to process the request for public access.

The request is expected to address such areas as the portion on-”evidence and list of the 23 projects allegedly completed with recovered Abacha loot, and whether the 23 projects were actually completed; and what became of the two abandoned projects; evidence and location of the eight health centers built with recovered Abacha loot reviewed by the World Bank; and evidence and location of the 18 power projects confirmed by the World Bank.”

Other aspects of the spending of Abacha’s loot the bank referred for processing are information on how the $50million 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, programme in the amount N24.25 billion and evidence and location of the 13 road projects completed with the recovered Abacha loot, including the names of three of the largest road and bridge projects in each geo-political zone.”

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