The Presidency says the $311m stolen during the Abacha regime and returned to Nigeria from the United States and the Bailiwick of Jersey, on Monday, May 4, 2020, has already been allocated.
This was contained in a statement released on Tuesday by Garba Shehu, spokesperson to the President, Major General Muhammadu Buhari .
Shehu said the repatriated funds would be used in full, for “vital and decades-overdue infrastructure development” including the second Niger Bridge, the Lagos-Ibadan and Abuja-Kaduna-Kano expressways as well as the Mambilla Power Project.
“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,” he said.had reported on Monday that the Attorney General of the Federation and Minister of Justice, Abubakar Malami, said approximately $311,797,866.11 of the Abacha loot was repatriated from the US and the Bailiwick of Jersey.
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