Abacha loot to the rescue - 'The Abacha loot has offered timely infusion of funds into these critical public projects. Let’s go deliver them, to the relief of long-suffering Nigerian masses.'
Attaching humiliating terms to the latest return of funds, stashed abroad by the late head of state, hurts national pride. But it is in the interest of cheated Nigerian massesThe Federal Government of Nigeria, with the United States and the Government of Jersey Island, just signed a tripartite deal to bring back, to Nigeria, US $308 million, part of funds stolen by the late Head of State, Gen. Sani Abacha.
That feeling of national pride is well taken. It is a natural response in the circumstance. Still, if a former No. 1 is credited with such humongous sleaze, a commander-in-chief turned plunderer-in-chief, then Nigerians should learn to swallow their pride; and put systems in place to avert such grand larcenies in the future. This agreement, therefore, appears the shock therapy preceding learning probity the hard way.
Excerpts from the fund repatriation protocol: “The projects on which the funds will be expended will be administered by the Nigeria Sovereign Investment Authority and independently audited. The Federal Republic of Nigeria will establish a monitoring team to oversee the implementation of the projects and to report regularly on progress.
Beyond regime vanity, agreeing to channel the whole of the loot to critical road infrastructure is sound public policy that has at heart the wellbeing of the Nigerian masses, raped too often by unconscionable government policies. Besides, decayed infrastructure is one of the very open manifestations of the frenzied stealing of the past. It is meet then that the returned loot is infused into righting the debacle of massive heist of public funds.
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