SERAP threatens FG with court action over Abacha's loot

SERAP threatens FG with court action over Abacha's loot

- SERAP has threatened the federal government with court action over late Sani Abacha's loot

- The group is demanding the exact figure the late dictator stole be revealed within seven days

- On Tuesday, February 4, the government revealed how it was going to spend the looted funds that was recently recovered

The Socio-Economic Rights and Accountability Project (SERAP) has demanded that the Nigerian federal government reveal the exact amount of money late General Sani Abacha stole or face legal action in seven days.

This ultimatum was disclosed in a tweet by the agency on Sunday, February 16. SERAP also asked the government to disclose details of how about $5 billion recovered loot was spent since 1999.

Legit.ng gathered that Abacha’s loot was hidden in over 12 countries with different legal requirements for the recovery of the funds.

Back in November 2019, Bolaji Owasanoye, the chairman of ICPC, lamented the unwillingness of some of these countries to return some of these assets since they benefit from it.

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Owasanoye giving an illustration, noted that the $73 million returned from the UK was short of $12 million which the country argued was administrative cost.

Recall that the presidency revealed how funds recovered from Abacha's loot would be spent. In a tweet on Tuesday, February 4, a personal assistant to President Muhammadu Buhari on new media, Bashir Ahmad, said that laundered funds under the trilateral agreement would help finance the construction of the Second Niger Bridge, the Lagos-Ibadan expressway and the Abuja-Kano Expressway.

Ahmad made the disclosure after the federal government of Nigeria and the government of the United States of America entered into an asset recovery agreement to repatriate over US$308 million looted by the late former dictator.

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Similarly, civil society organizations and Nigerians have been urged by the Attorney-General of the Federation (AGF) Abubakar Malami to be involved in monitoring how Abacha’s recovered loot will be used.

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The AGF stressed how important it is for the people to be involved in monitoring how the recovered funds are used in the implementation of key infrastructure projects.

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Source: Legit.ng News

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