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Recovered $311 Abacha Loot Will Be Used On Second Niger Bridge, Others – Presidency

Ongoing construction of 2nd Niger Bridge

The Presidenccy has acknowledged that the $311 million US Dollars, stolen from the citizens of Nigeria during the regime of Sani Abacha, a military General, has been safely returned to Nigeria from the United States of America on Monday, May 4, 2020.

In a statement today, May 5, the senior special assistant to President Muhammaduu Buhari on media and publicity, Malam Garba Shehu said that the funds have already been allocated, and will be used in full, for vital and decades-overdue infrastructure development.

Some of such infrastructures, Garba Shehu explained, include the second Niger Bridge, the Lagos-Ibadan and Abuja-Kaduna-Kano expressways, which will go a long way in “creating tens of thousands of Nigerian construction jobs and local skills.  

“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 receipt of these stolen monies – and the hundreds of millions more that have already been returned from the United Kingdom and Switzerland – are an opportunity for the development of our nation, made far harder for those decades the country was robbed of these funds.”

The Presidential spokesman recalled that the previous monies returned last year from Switzerland, amounting to about $320 million US dollars, have already been 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.

He said that without these funds, the fight against Covid-19 would have been tougher, adding that the latest return is a testament to the growing and deepening relationship between the government of Nigeria and the government of the United States.

“Without the 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.

“For years many countries deemed successive Nigerian administrations as too corrupt, too venal and too likely to squander and re-steal the stolen monies – so they did not return the funds.

“Today, US, UK and other jurisdictions have found the partnership with the nation of Nigeria they can finally trust.

“The Buhari Administration is committed to – and is enacting – total and zero tolerance to corruption in politics and public administration.

“The days when government was seen and used by the political class as their personal ATM to empty are over.

“The time of better governance and clean hands in the affairs of state is here to stay.” 

Editorial staff
Editorial Staff at Greenbarge Reporters is member of a team of journalists led by Editor-in-Chief, Yusuf Ozi Usman.

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