Mambila Power, East-West road won’t benefit from $311m Abacha loot - Presidency clarifies

Mambila Power, East-West road won’t benefit from $311m Abacha loot - Presidency clarifies

- Presidential spokesman Garba Shehu has clarified an error he made regarding the projects that will benefit from the recently repatriated Abacha loot

- Shehu said Mambilla Power and East-West Road projects will not benefit from the repatriated loot, contrary to his earlier statement

- The presidential aide said the three projects that will benefit from the money are the Second Niger bridge, Abuja-Kaduna-Kano expressway, and Lagos-Ibadan expressway

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The presidency has clarified that only three of five priority projects of the Muhammadu Buhari administration will benefit from the recently repatriated $311 million Abacha loot.

The clarification was contained in a statement released by the senior special assistant to the president on media and publicity, Mallam Garba Shehu, on Wednesday, May 13.

Shehu clarified that the remaining two of the five priority projects, Mambilla Power and East-West Road projects, will not benefit from the repatriated loot.

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Shehu who had in an earlier statement included the two projects urged newspapers to take note of the correction, admitting that he mistakenly included the projects.

Mambila Power, East-West road won’t benefit from $311m Abacha loot - Presidency clarifies

Presidency issues clarification, says Mambila Power, East-West road won’t benefit from $311m Abacha loot. Photo credit: Femi Adesina
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Legit.ng gathers that the three projects that will benefit from the money are the Second Niger bridge, Abuja-Kaduna-Kano expressway, and Lagos-Ibadan expressway.

The statement reads: “The recently repatriated Sani Abacha loot will go towards three of the Federal Government’s five priority projects, excluding the Mambilla power and East-West road projects.

“In an earlier statement, I had mistakenly noted that the Mambilla was one of five priority projects to benefit from the $311 million Abacha loot under the Presidential Infrastructure Development Fund (PIDF) managed by the Nigeria Sovereign Investment Authority (NSIA). That error is regretted.

“Although the Mambilla and East-West expressway are regarded under the PIDF as priority projects, I have ascertained that they are exempt from the agreement signed between the Nigerian, United States and British territory of Jersey governments.

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“According to the document, only the second Niger bridge, Abuja-Kaduna-Kano expressway, and Lagos-Ibadan expressway will benefit from the repatriated funds. The funds are domiciled in the NSIA.

“All print and online media should please take note of this correction and make the necessary adjustments to their previous publications on the issue."

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Earlier, Legit.ng reported that Shehu disclosed that N697 million donated by 111 individuals and organisations has been moved to five bank accounts purposely created to support fight against the Covid-19 pandemic.

The senior presidential aide made the disclosure in a statement on Friday, May 8, adding that the process of transferring the money was done between April 1 and 30, 2020.

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