The Socio-Economic Rights and
Accountability Project (SERAP) has
“received several documents from the
World Bank totalling over 700 pages
on information on the spending of
recovered assets stolen by the late
General Abacha, with some of the
documents suggesting that Abacha loot
was spent on roads, electricity,
education, health and water.”
This information was disclosed by
SERAP executive director, Adetokunbo
Mumuni, in a statement dated
November 29, 2015.
The organisation said, “SERAP can
confirm that last week we received
several documents from Ann May of
the Access to Information Team of the
World Bank following our Access to
Information Request to the Bank. We
also received a letter dated 24
November 2015 from Mr. Rachid
Benmessaoud, Director of the World
Bank in Africa.”
“In total, SERAP has received over 700
pages of documents, which we are now
closely studying and scrutinising with a
view to discovering whether the
documents contain details that
Nigerians would like to see and
whether the information correspond to
the facts on the ground. After this
analysis, we will respond to the Bank
and consider our options, including
filing an appeal before the Bank’s
Access to Information Appeals Board
and taking other appropriate legal
actions nationally and internationally
to discover what exactly happened to
Abacha recovered loot,” the
organisation said.
The organisation said that “In the
meantime our preliminary review of
some of the documents and the letter
from Mr Rachid Benmessaoud have
revealed certain facts which raise more
questions about what exactly happened
to Abacha loot: First, that Mrs. Ngozi
Okonjo-Iweala as Minister of Finance
in a letter dated 9 January 2005
explained to the Bank that around
$500m (N65bn) of Abacha loot received
from Switzerland was programmed
into and spent in the 2004 and 2005
budgets on roads, electricity, education,
water and health across all 6 geo-
political zones of Nigeria.”
“Second, Mrs. Okonjo-Iweala explained to the Bank
that N18.60bn was spent on roads; N10.83bn spent
on health; N7bn spent on education; N6.20bn spent
on water; and N21.70bn spent on electricity. She
also said that part of the funds were spent on new
and ongoing investment projects. Mrs. Okonjo-Iweala
said that relevant federal ministries have the full
details on the spending of repatriated Abacha loot.
The Bank noted that there was no funds monitoring
and tracking mechanism in place to trace the
spending of Abacha loot,” the organisation also
disclosed.
“Third, Mr Rachid Benmessaoud confirmed that the
World Bank played a monitoring role in a return of
assets by Switzerland but that the Bank is not
currently involved in the monitoring of spending of
Abacha loot that have been returned to Nigeria in
recent years. He said that the Bank would be
prepared to set up a mechanism to monitor the use
of Abacha loot if the Nigerian government requests
the Bank’s assistance in this respect.”
“Given Mrs. Okonjo-Iweala’s involvement in the
spending of Abacha loot, SERAP calls on President
Muhammadu Buhari to urgently probe the role of
the Ministry of Finance and relevant federal
ministries at the time in the spending of Abacha loot
particularly given the strong allegations of
mismanagement that characterised the use of the
funds,” the organisation said.
“Although Mrs Okonjo-Iweala said that Abacha loot
was spent in the 2004 and 2005 budgets on roads,
electricity, education, water and health across all 6
geo-political zones of Nigeria, there is no evidence of
such projects as millions of Nigerians continue to
travel on dead roads, while they continue to lack
access to adequate electricity supply, water, health
and quality education. Therefore, President Buhari
can no longer continue to remain silent on this issue
of public interest if Nigerians are to continue to trust
him in his fight against corruption,” the organisation
also said.
It would be recalled that in a letter dated October 15,
2015 and signed by Ann May of the Access to
Information Team, the Bank said that “In response to
your request under AI3982, we would like to inform
you that we are still considering your request and
need additional time to provide you with a more
comprehensive response.”
The letter reads in part “In most cases, we will be
able to respond within twenty (20) working days
from receipt of a request for information. However,
we may need additional time in special
circumstances, for example, if the request is complex
or voluminous or if it requires further review by or
consultation with internal World Bank units, external
parties, the Access to Information Committee, or the
World Bank’s Board of Executive Directors.”
Earlier, SERAP had on September 21, 2015 sent an
access to information request to Jim Yong Kim,
President, World Bank Group urging him to “exercise
the Bank’s prerogative to release documents relating
to spending of recovered assets stolen by Late
General Sani Abacha”.
The group also asked Mr. Yong Kim to “disclose
information about the Bank’s role in the
implementation of any projects funded by the
recovered assets and any other on-going repatriation
initiatives on Nigeria with which the Bank is
engaged.”
The request was “pursuant to the World Bank’s
Access to Information Policy (The Policy), approved
by the Board on June 30 205. SERAP notes that one of
the Policy’s guiding principles is to maximize access
to information. There is also clear public interest in
Nigerians knowing about the Bank’s supervisory role
and specifically its involvement in the
implementation of projects on which repatriated
funds were spent.


http://www.premiumtimesng.com/news/top-news/194077-abacha-loot-spent-on-roads-electricity-others-okonjo-iweala-tells-world-bank.html?utm_source=&utm_medium=twitter

Haaaaaaaa!!!!! This woman can lie oo. On Which electricity? So Lie mahammed get oga

“Given Mrs. Okonjo-Iweala’s involvement in the
spending of Abacha loot, SERAP calls on President
Muhammadu Buhari to urgently probe the role of
the Ministry of Finance and relevant federal
ministries at the time in the spending of Abacha loot
particularly given the strong allegations of
mismanagement that characterised the use of the
funds,” ---SERAP



It's so funny SERAP had to get the details of how the recovered Abacha loot was spent from World bank. Why can't the ministry of finance provide the details? Are they trying to hide something?

Anyway, Madam world class economist should come and explain the alleged mismanagement of the billions recovered from Abacha's loot under her watch.

yet we dont ve roads, we dont ve light, pls tell d truth, were is the money.

May God deliver us from all this lies

Liar liar

I

First Of All, Nah Thunder Go Fire this Okonjo-Iweala (am not sorry for cursing her) cause you people steal our money ans still have gut to use we nigerians as a protection by saying that you spend the money for our own benefit when we did not benefit anything...

PDP is a master-class group of thieves... If what you gonna ask from this woman that will suffer thesame faith of Diezani is receipt, I bet that you won't find them guilty cause they always steal and perfect it by providing a receipt for what they stole why people won't see the Goods that the receipt is meant for...

If you want to probe this Idiot who always from saint, ask them to provide what they did with the money not the receipt.... Imagine Dasuki telling we nigerians that they bought arms but he doesn't know if they were delivered...

JUST WAIT AND SEE, Diezani's case will be minor when this useless woman start feeling the wrapth of GOD...

May Amadioha , Sango , Ogun and all the 201gods which exist in this world punish those who have embezzle Nigeria's money. Amen....

I REST MY CASE

mazeltov:
Haaaaaaaa!!!!! This woman can lie oo. On Which electricity? So Lie mahammed get oga

She is just seeking for attention which we are not going to give it to her,

imagine, electricity ko, road ni, I believe this woman is high on weed, where is the money she stole from us? abi, that one no be issue to talk about? i believe that so called change is making her to vomit all this trash, lie lie, even lie mohammed will agree to give her first class in lie..

Lol. This woman tried during OBJ and we felt it. But everybody in GEJ's cabinet were in a free for all looting spree, and we felt it too!

Agreed it was spent on roads and light, what happened to the revenue that was made when oil sold for 120?

Ngozi, remember your co traveller Allison,She's suffering from the causes Nigerians heaped on her.

Hope you won't partake from the curses

What can PMB probe? According to him, Abacha didn't loot. Probing NOI would imply his boy did loot.

This are the wicked souls that made Nigeria what she is Today. The team that wrecked our economy. If you spent Abacha's loot on roads and electricity that we cant see.....what of money made from oil. What happened to that one?

Yet thebwant Buhari to perform miracles in 6 months. The system that was destroyed for good 16 years.

Buhari ride on......Their wailings didnt stop you from . winning. ...neither can it stop you from performing

No one would be prosecuted so no need calling for this woman's head.


She was one of the major problems of gej aside doyin okupe etc. Bloody thief.



Patiently waiting for God to start with NOI.

Lmao

Awon oniro oshi

Madam NOI is right. The question should be posed to the President, on what he meant, by Abacha not being corrupt.

maupe:
Madam NOI is right. The question should be posed to the President, on what he meant, by Abacha not being corrupt.

Abacha is not corrupt - PMB

I wonder if it was his(abacha) ghost that stole all the refunded loot...SMH

Mrs. Okonjo-Iweala explained to the Bank that N18.60bn was spent on roads;
N10.83bn spent on health;
N7bn spent on education;
N6.20bn spent on water;
and N21.70bn spent on electricity.

seunmsg:
“Given Mrs. Okonjo-Iweala’s involvement in the
spending of Abacha loot, SERAP calls on President
Muhammadu Buhari to urgently probe the role of
the Ministry of Finance and relevant federal
ministries at the time in the spending of Abacha loot
particularly given the strong allegations of
mismanagement that characterised the use of the
funds,” ---SERAP

That woman is a disgrace.Let her show us one single road she said they built with Abacha loot that was recovered. Just one single road and nothing more.

It is like demon lives in the heart of most of our leaders.Even more Nigerian women are been criminalized by the system.Too bad for this country.No one can trust our women leaders in this country.When they get in there, they become terrors.

Farnsworth:
Mrs. Okonjo-Iweala explained to the Bank
that N18.60bn was spent on roads; N10.83bn spent
on health; N7bn spent on education; N6.20bn spent
on water; and N21.70bn spent on electricity.

The ministers that handled the mentioned portfolio during GEJ's tenure should be called upon to account for how they spent the returned loot...

Nonsense

Farnsworth:
Mrs. Okonjo-Iweala explained to the Bank
that N18.60bn was spent on roads; N10.83bn spent
on health; N7bn spent on education; N6.20bn spent
on water; and N21.70bn spent on electricity.

Maybe, she must have diverted the said money as I know that we have no electricity, no known good roads, none as per health institutions nationwide, none in educational sector and for water, I dey laugh.What kind of water and where? I believe nobody in Nigeria is using any public water.Let her show one of the so called investment they channeled the so called recovered money.

I reserved my comments on dis woman

There is no doubt that there is a huge attempt to distract PMB with all this goose chase on Antarctica.
Oshiomole,APC lie more,ex perm secs,soludo.etc all just lie to please the ears of PMBPMB.it will result in another time been wasted.excluding the wasted 6 months

Okonjo Iweala never lied, all she did was to give information about how the loot was used. Trying to tie the story to her name is wrong because she should not be blamed. These so called SERAP groups only want to destroy the reputation of Okonjo Iweala, they keep making noise without evidence.

Someone should tell SERAP that Okonjo Iweala was not the local government that should see to the execution of road projects, also that Okonjo Iweala is not the state government that should see to the money given to them was used properly on projects. SERAP what has Okonjo done to you? This only shows that you are a sponsored group just to spread propaganda and spoils Okonjo’s Image.

If she said the money was used on Road, health and electricity, it means the money was released for this purpose, then SERAP should call the head of those ministries for explanation and not to destroy the reputation of Iweala.

Okonjo Iweala should not be crucified unjustly. As the minister of Finance she did her job to let us know how the money was spent. She is not the institution to hold the relevant contractors who took the jobs without executions. Neither is she the state government who collected part of the money without using it on projects.

I believed in GEJ administration unlike this APC led government dt is based on lies and propaganda. APC Scam

Where una come spent out tax and oil money if Abacha loot was used on those infrastructures wtout anytin visible 2 show 4 it

maupe:
Madam NOI is right. The question should be posed to the President, on what he meant, by Abacha not being corrupt.

Buhari never said Abacha was not corrupt, but that every claim that he (Abacha) stole was a mere allegation until proven otherwise by the court.