The recently repatriated $311 million looted by former military dictator, General Sani Abacha, will go towards completing the Second Niger bridge, Abuja-Kaduna-Kano highway and the Lagos-Ibadan highway only, Garba Shehu, President Muhammadu Buhari said in a statement Wednesday.
The spokesman said he erroneously listed the Mambilla power project and east west road projects as beneficiaries.
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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