How returned $311m Abacha loot ‘ll be spent - Presidency

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How returned $311m Abacha loot ‘ll be spent - Presidency
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The Presidency on Tuesday said that returned $311 which was part of the money allegedly stolen by the late former Head of State, Gen. Sanni Abacha has been allocated for infrastructure development in the country.

This was disclosed in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu in Abuja. These funds have already been allocated, and 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.

“Indeed, 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 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.”

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