SERAP Gives Federal Government Seven-Day Ultimatum to Disclose Details of Recovered Abacha Loot

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SERAP

Socio-Economic Rights and Accountability Project (SERAP) has urged the Federal Government to disclose within 7 days of the receipt and publication of the Freedom of Information requests the exact amount of public funds stolen by a former military head of state, Sani Abacha and details of spending of about $5 billion recovered loot since the return of democracy in 1999.

SERAP is also asking the Federal Government to disclose details of projects executed with the Abacha loot and their locations, details of companies and contractors involved in the execution of any such projects, details of all the agreements on the loot, the roles played by the World Bank and other actors, as well as the implementation status of all projects since 1999.

In the FoI requests dated 14 February 2020 and signed by SERAP deputy director Kolawole Oluwadare, the organization said publishing the details of projects on which Abacha loot has been spent would allow the public to know the specific projects carried and the areas of the country in which the projects have been implemented as well as the officials that may be responsible for any alleged diversion or mismanagement of the loot.

According to SERAP, getting to the root of the exact amount of the Abacha loot and how the returned funds have been spent is important for the success of the government’s fight against grand corruption and would reassure Nigerians that the government is truly committed to ensuring full accountability for the alleged corruption and mismanagement in the spending of the funds.