Abacha loot: PDP, APC in war of words over recovered $311m

Abacha loot: PDP, APC in war of words over recovered $311m

- The Abacha loot is a topic of heated discussion among political circles in Nigeria

- For instance, the PDP has accused the APC of planning to embezzle the recovered funds

- In reaction, the ruling party has said that the allegation by the PDP is fuelled by its inability to loot from the national treasury

The recovery of the loot by one of Nigeria's military dictators, late General Sani Abacha, by the federal government is causing unrest between the Peoples Democratic Party (PDP) and the All Progressives Congress (APC).

The PDP in a statement signed by its national spokesman, Kola Ologbondiyan, alleged that the APC and some cabals in the presidency are plotting to reloot the funds ($311 million) with duplicated projects, Vanguard reports.

The statement read in part: “The fraudulent dissipation of the funds will then be followed with false performance claims as well as blackmailing and intimidation of Nigerians demanding for both transparency and accountability in the handling of the money.

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"The party noted that such had become the standard ruse for the cabal and APC leaders, who also looted the earlier repatriated $322 million under the guise of sharing money to the poor in 19 states."

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However, in reaction to PDP's allegations, the APC and the attorney-general of the federation, Abubakar Malami, said that the opposition is coming up with this following its inability to embezzle funds.

In line with this opinion, the APC national publicity secretary, Mallam Lanre Isa-Onilu said: “Going by the PDP’s, statement on the recovered $311 million repatriated funds, it is clear that the opposition party is salivating over Abacha loot, saddened by a missed opportunity to share the money as they used to."

Meanwhile, Legit.ng reported that the federal government had received $311 million recovered assets of Abacha repatriated from the United States and the Bailiwick of Jersey.

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Malami who confirmed this on Monday, May 4, disclosed that the money was repatriated based on the agreement on international law and cooperation measures.

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“This Agreement is based on international law and cooperation measures that set out the procedures for the repatriation, transfer, disposition, and management of the assets,” part of the statement from the office of the Attorney general read.

The AGF further disclosed that the amount increased from over $308 million mentioned in an earlier statement in February to over $311million as a result of the interest that accrued from February 3 to April 28.

Abacha, a former military head of state, ruled Nigeria from 1993 until his death in 1998.

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