Abacha loot
and oil price slump has left the country’s economy in dire straits, with the managers at sea on what to do.
It’s even more heartwarming because there is a commitment to be transparent in managing and disbursing the repatriated fund. Both the original owners, Nigeria, and country of domicile for more than two decades, agreed on projects to fund with it, as well as the mode of disbursement. It is the busiest road and carries more load than any other in Nigeria. The Second Niger Bridge is designed to further open up the South East and South South regions.
Under this administration, about $650 million is said to have been recovered from other countries, with no one in position to accurately account for it. All Nigerians, especially the watchdogs, should watch out from now and insist on strict accountability. This is no time for the National Assembly and the media to take the back seat. If provisions of the Freedom of Information Act must be involved, the media should not refrain to do so.
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