Monday 30 November 2015

WORLD BANK: ABACHA LOOT SPENT ON INFRACSTUCTURE


Civil society group, Socio-Economic Rights and Accountability Project (SERAP), has said that it received several documents from the World Bank totalling over 700 pages on information about the spending of recovered assets stolen by the late General Sani Abacha, with some of the documents showing that the loot was spent on roads, electricity, education, health and water.

This information was disclosed by SERAP’s Executive Director Adetokunbo Mumuni in a statement on Sunday.

The organisation said: “SERAP can confirm that last week we received several documents from Ann May of the Access to Information Team of the World Bank following our Access to Information Request to the Bank.

“We also received a letter dated November 24, 2015 from Mr. Rachid Benmessaoud, Director of the World Bank in Africa.

“In total, SERAP has received over 700 pages of documents, which we are now closely studying and scrutinising with a view to discovering whether the documents contain details that Nigerians would like to see and whether the information correspond to the facts on the ground.

“After this analysis, we will respond to the Bank and consider our options, including filing an appeal before the Bank’s Access to Information Appeals Board and taking other appropriate legal actions nationally and internationally to discover what exactly happened to Abacha recovered loot.”

The organisation added that its preliminary review of some of the documents and the letter from Benmessaoud revealed certain facts which raised more questions about what exactly happened to the Abacha loot: “First, that Mrs. Ngozi Okonjo-Iweala as Minister of Finance in a letter dated January 9, 2005 explained to the Bank that around $500m (N65bn) of Abacha loot received from Switzerland was programmed into and spent in the 2004 and 2005 budgets on roads, electricity, education, water and health across all 6 geo-political zones of Nigeria.

“Second, Mrs. Okonjo-Iweala explained to the Bank that N18.60bn was spent on roads; N10.83bn spent on health; N7bn spent on education; N6.20bn spent on water; and N21.70bn spent on electricity.

“She also said that part of the funds were spent on new and ongoing investment projects. Mrs. Okonjo-Iweala said that relevant federal ministries have the full details on the spending of repatriated Abacha loot.

“The Bank noted that there was no funds monitoring and tracking mechanism in place to trace the spending of Abacha loot.”

SERAP further revealed that Benmessaoud confirmed that the World Bank played a monitoring role in the return of assets by Switzerland but that it is not currently involved in the monitoring of spending of the Abacha loot that had been returned to Nigeria in recent years.

“He said that the Bank would be prepared to set up a mechanism to monitor the use of Abacha loot if the Nigerian government request the Bank’s assistance in this respect.

“Given Mrs. Okonjo-Iweala’s involvement in the spending of Abacha loot, SERAP calls on President Muhammadu Buhari to urgently probe the role of the Ministry of Finance and relevant federal ministries at the time in the spending of the Abacha loot particularly given the strong allegations of mismanagement that characterised the use of the funds,” the organisation said.

It added: “Although Mrs Okonjo-Iweala said that Abacha loot was spent in the 2004 and 2005 budgets on roads, electricity, education, water and health across all six geo-political zones of Nigeria, there is no evidence of such projects as millions of Nigerians continue to travel on dead roads, while they continue to lack access to adequate electricity supply, water, health and quality education.

“Therefore, President Buhari can no longer continue to remain silent on this issue of public interest if Nigerians are to continue to trust him in his fight against corruption.”

SERAP had on September 21, 2015 sent an access to information request to Jim Yong Kim, President of the World Bank Group, urging him to exercise the Bank’s prerogative to release documents relating to spending of recovered assets stolen by the late Gen. Abacha.

The group also asked Yong Kim to provide information about the World Bank’s role in the implementation of any projects funded by the recovered assets and any other ongoing repatriation initiatives on Nigeria with which the World Bank is engaged.

THISDAY



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