FG: Abacha’s Loot Will Be Used For Road Constructions And Power

The federal government has explained what it intends to do with the returned loot of Abacha in the country, it said the loot will be used for road constructions which are left abandoned across the country

On Monday, May 4, 2020, some $311 million US Dollars – stolen from the citizens of Nigeria during the Abacha regime – were safely returned to our country from the United States.

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.

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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.

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.

General Sani Abacha GCFR was a Nigerian statesman and military general who served as the head of state of Nigeria from 1993 until his death in 1998. He was also Chief of Army Staff between 1985 to 1990; Chief of Defence Staff between 1990 to 1993; and Minister of Defence

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