The recently repatriated $311 million Sani Abacha loot will go towards three of five priority projects, excluding the Mambilla power and East-West road projects, the Federal Government has revealed.
Recall that the Senior Special Assistant to President Muhammadu Buhari, on Media and Publicity, Garba Shehu had in an earlier statement, noted that the Mambilla Project 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).
Shehu who regretted the error in a statement on Twitter, noted that although the Mambilla and East-West expressway are regarded under the PIDF as priority projects, it’s been ascertained that they are exempt from the agreement signed between the Nigerian, United States and British territory of Jersey governments.
According to the document, only the second Niger bridge, Abuja-Kaduna-Kano expressway, and Lagos-Ibadan expressway will benefit from the repatriated funds, which he said, are domiciled in the Nigeria Sovereign Investment Authority (NSIA).
