SERAP urges Buhari to probe World Bank’s role in repatriation of Abacha loot

SERAP urges Buhari to probe World
Bank’s role in repatriation of Abacha


THE Socio-Economic Rights and Accountability Project (SERAP) has urged
the government of President Muhammadu Buhari to investigate the
role and involvement of the World Bank
in the repatriation, management and
spending of repatriated Abacha stolen funds and other similar funds with a
view to ensuring full transparency and
accountability in these transactions.

The Executive Director of the organisation, Adetokunbo Mumuni, in a
statement yesterday said “President Buhari should make sure that never
again will the prerogative of mercy be used to save corrupt officials and grant
impunity for corruption as it was done by former President Goodluck Jonathan with respect to corruption cases against
Diepreye Alamieyeseigha.”

The organisation in its new report called on the World Bank to publicly disclose the level of involvement of the bank in
the repatriation of Abacha stolen funds and other similar funds to Nigeria, and its role on the management and
spending of such funds, as well as the projects on which the funds were spent.

It further called on the World Bank to
publicly disclose its involvement in any
other ongoing repatriation initiative to Nigeria, and the mechanisms it is putting in place to ensure transparency and
accountability of such mechanisms and the judicious use of repatriated funds.

The 37-page report launched yesterday
at the Westown Hotels, Lagos titled: Deterring Kleptocracy: Finding Nigeria’s Re-Stolen Billions and Repatriating
Looted Assets, stated that over $3 billion recovered Abacha loot; $87 million
stolen funds by the former Inspector General of Police, Tafa Balogun and over $20 million stolen funds by former governor Diepreye Alamieyeseigha,
among others may have disappeared or mismanaged by successive governments.

It called on the Buhari government to thoroughly investigate the management
and spending of the stolen funds. The report also urges the Buhari government to “revisit and challenge in court unfair
settlements in bribery cases by successive governments and repatriation agreement between the government of former president Goodluck Jonathan and
the family of the late General Sani Abacha dated 14th July 2014 and other similar dodgy and unfair agreements
with a view to getting better deals, receiving damages/compensations from companies such as Halliburton and achieving justice for the Nigerian

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