SERAP Tackles FG Over Ibori Loot

The Socio-Economic and Accountability Project, SERAP, has reacted to the Nigerian Government’s plans to spend the £4.2m Ibori loot on constructing the Lagos-Ibadan expressway and the Second Niger Bridge.

SERAP raised concerns over the Government’s plans despite telling the Organization that the Abacha loot was earmarked for the same projects in 2020.

According to SERAP, the Federal Government had earlier claimed that it would use the Abacha loot to construct Lagos-Ibadan Expressway, Abuja-Kano Expressway and Second Niger Bridge.

However, the Nigerian Government again stated that it would use the Ibori loot to construct the second Niger Bridge and Abuja-Kano road.

SERAP Tackles FG

The Organization demanded clarifications on how much of the Abacha recovered loot has been spent on Lagos-Ibadan Expressway and the Second Niger Bridge.

SERAP also wants the Government to explain the total budget for Lagos-Ibadan Expressway and the Second Niger Bridge.

The Organization recalled that the former president Olusegun Obasanjo-led administration reportedly recovered over $2bn of Abacha loot.

Also, former President Goodluck Jonathan administration recovered $226.3m and €7.5m from Liechtenstein.

Meanwhile, President Muhammadu Buhari-led administration has also reportedly recovered several millions of dollars since assuming office in May 2015.


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