“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.”
Nigerian Government on Tuesday said the $311 million it received from looted funds by former dictator Sani Abacha will be used to fund ongoing projects in the country.
The presidential spokesman said “part of the funds will also be invested in the Mambilla Power Project which, when completed, will provide electricity to some three million homes – over ten million citizens – in our country.” The statement, signed by Malami’s spokesman Umar Gwandu, disclosed that the litigation process for the return of the assets titled ‘Abacha III’ commenced in 2014 while the diplomatic process that culminated in the signing of the Asset Return Agreement commenced in 2018.
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