Buying Time: World Bank Pleads More Time To Compile Details Of Abacha’s Loot

By Chris Nomjov

Global apex financial body, The World Bank has pleaded for more time to enable it, compile the total loot of deceased former Nigerian Head of State, General Sani Abacha. Such details, when availed, will be furnished to Socio-Economic Rights and Accountability Project, SERAP, and other interested parties, that seek information on the actual loot recovered and spending of the loot recovered from the late military dictator.

One of the front line organisations seeking such details of the Abacha’s Loot SERAP; believes that such information would not only enable the Nigerian masses to know the status of the recovered loot but it would also equip civil society organisations to engage the government on greater transparency and accountability.

Executive Director of SERAP, Mr Adetokunbo Mumuni, in a press statement, stated that it has received a letter from the World Bank, acknowledging its request and asking for more time to be able to supply comprehensive information on how the recovered Abacha loot was spent.

According to SERAP, the said letter dated October 15, 2015, was signed by Ann May of the World Bank Access to Information Team.

This the group, acknowledged was in response to their letter on September 21, 2015 requesting ‘Access to Information’ details of the loot. The letter sought the cooperation of the World Bank President, Jim Yong Kim, asking him to release documents detailing the projects to which the loot recovered from Abacha was applied, as well as the implementation status of such projects.

It would be recalled that at various intervals, the loot allegedly laundered by deceased dictator, General. Abacha had been remitted to the country in piece meals.

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