NIGERIA GOVT. WILL NOT USE ABACHA LOOT FOR SOME PROJECTS

Nigeria government has announced that it will not use money recovered from Abacha’s loot to help fund construction projects.

According to the report, the government said projects like Mambila power project and East-west Road projects would not benefit from the fund.

Speaking to the media, Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, said it will be used to finance second Niger Bridge, Abuja-Kaduna-Kano expressway, and Lagos-Ibadan expressway according to agreement reached among Nigerian, United States and British territory of Jersey governments.

The loot is under the Presidential Infrastructure Development Fund (PIDF) that will be managed by the Nigeria Sovereign Investment Authority (NSIA).

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