Presidency says $311 million returned Abacha loot allocated for vital infrastructure development

•President Muhammadu Buhari

The Presidency on Tuesday said $311 million US Dollars – stolen from the citizens of Nigeria during the Abacha regime that was safely returned to the country from the United States on Monday, May 4, 2020, have already been allocated, and will be used in full, for vital and decades-overdue infrastructure development.

According to a statement by Senior Special Assistant to the President on Media and Publicity Garba Shehu, the fund have been allocated for 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.

Shehu added that part of the funds will also be invested in the Mambilla Power Project which, that will provide electricity to some three million homes over ten million citizens in the country.

He said 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 the nation, made far harder for those decades the country was robbed of these funds.

Shehu further stated that the previous monies returned last year from Switzerland ($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.

He said without these funds, the fight against Covid-19 would be even tougher.

The Senior Special Assistant to the President on Media and Publicity said 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,” he said.

He said 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,” Shehu said.

He also stated that 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,” Shehu added.

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