Abacha’s Loot: SERAP Calls On Buhari To Investigate World Bank’s Role

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Muhammadu Buhari to investigate the involvement of the World Bank in the repatriation, management and spending of stolen funds.

Adetokunbo Mumuni, the executive director of the SERAP.

Vanguard reports that Adetokunbo Mumuni, the executive director of the SERAP, made a call on Monday, September 7, at a public presentation of the organisation’s new report titled “Deterring Kleptocracy: Finding Nigeria’s Re-Stolen Billions and Repatriating Looted Asset”.

Mumuni stated that over $2‎billion stolen by the late head of state, General Sani Abacha, was repatriated back to Nigeria during the General Abdulsalam Abubakar and former president Olusegun Obasanjo administrations.

The SERAP called on the World Bank to “publicly disclose the level of involvement of the bank in the repatriation of Abacha stolen funds and other similar funds to Nigeria, and its role on the management and spending of such funds, as well as the projects on which the funds were spent. The World Bank should publicly disclose its involvement in any other ongoing repatriation initiatives to Nigeria, and the mechanisms it is putting in place to ensure transparency and accountability of such mechanisms and the judicious use of repatriated funds.”

The organization also urges the federal government led by President Muhammadu Buhari to “revisit and challenge in court unfair settlements in bribery cases by successive governments and repatriation agreement between the government of Goodluck Jonathan and the family of the late General Sani Abacha dated 14th July 2014 and other similar dodgy and unfair agreements with a view to getting better deals, receiving damages/compensations from companies such as Halliburton, and achieving justice for the Nigerian people.”

Details on Vanguard.

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