Abacha Loot: World Bank to release spending

Ngozi Okonjo-Iweala

Ngozi Okonjo-Iweala : Trump administration explains opposition

Ngozi Okonjo-Iweala
Ngozi Okonjo-Iweala

The World Bank is set to release more information on the spending of recovered loot by late General Sani Abacha as “it has referred portion of appeal by Socio-Economic Rights and Accountability Project (SERAP) to the Bank Archives Unit for processing for public access.”

Executive Director of SERAP, Adetokunbo Mumuni disclosed today in a statement.

This followed the appeal lodged by the organisation on 5 February 2016 on the ground that the Bank’s decision on its initial request did not reveal “important portions of the information requested on how Abacha loot was spent.”

According to Mumuni, the Bank Access to Information Committee (AIC) in its Decision on appeal issued in Case number AI3982-A dated 29 April 2016, and sent to SERAP held that although the appeal by the organisation was not filed within 60 days of the Bank’s decision as required by its Access to Information Policy, SERAP appeal nonetheless “contains a request for additional information, not previously submitted by the requester, and which the Bank has neither considered nor denied.

Accordingly, the AIC refers back to the Archives Unit this portion of the appeal for processing for public access.”
SERAP is seeking evidence and list of the 23 projects allegedly completed with recovered Abacha loot, and whether the 23 projects were actually completed; and what became of the two abandoned projects; evidence and location of the eight health centres built with recovered Abacha loot reviewed by the World Bank; and evidence and location of the 18 power projects confirmed by the World Bank.”

Related News

“Other aspects of the spending of Abacha loot the Bank referred to its Archives Unit for processing for public access are: information on: how the $50mn Abacha loot received before 2005 kept in the special account was spent; evidence and location of schools which benefited from the Universal Basic Education (UBE) program in the amount of NGN24.25bn; and evidence and location of the 13 road projects completed with the recovered Abacha loot, including the names of the three of the largest road and bridge projects in each geo-political zone.”

Reacting to the Bank’s appeal decision, Adetokunbo Mumuni said, “It’s trite law that no procedural requirements should ever be made a tool to deny justice or perpetuate injustice. SERAP therefore welcomes the decision by the World Bank not to allow technicalities (regarding its requirement of 60 days within which to file an appeal to it) stand in the way of substantial justice, and truth on the spending of recovered Abacha loot as to do otherwise would have amounted to a miscarriage of justice for millions of Nigerians who are victims of corruption.”

“We now hope that the Bank Archives Unit will move swiftly to allow public access to the information requested, as directed by the Access to Information Committee. Any further delay in disclosing the information will delay justice to the Nigerian people. And justice delayed is justice denied.”

“In this respect, SERAP calls on Dr Ngozi Okonjo-Iweala former Finance Minister who coordinated the Bank’s report to assist the Archives Unit in its task for speedy disclosure of evidence and locations of projects on which recovered Abacha loot was spent.”

“We also seize this opportunity to call on the government of President Muhammadu Buhari to immediately obey the judgment by Justice Mohammed Idris of the Federal High Court, Lagos which ordered publication of the spending of recovered stolen funds by the governments of former President Olusegun Obasanjo, former President Umaru Musa Yar’Adua, and former President Goodluck Jonathan.”

Load more