Advertisement

New Abacha Loot To Fund Three Infrastructure Projects

Channels Television  
Updated February 4, 2020
General Sani Abacha was a Nigerian military Head of State in the 1990s
General Sani Abacha was a Nigerian military Head of State in the 1990s

 

The Federal Government is set to use the latest recovered loot from the Sani Abacha administration to fund three major infrastructure projects.

The government, on Monday, signed an agreement with the United States of America and the Island of Jersey to repatriate the sum of $318,460,329 looted by General Abacha during his military regime in the 1990s.

READ ALSO: FG Signs Tripartite Agreement To Repatriate $318m Abacha Loot

The funds, according to the Ministry of Foreign Affairs spokesman, Ferdinand Nwonye, will be used to fund, the Lagos-Ibadan Expressway, the Abuja – Kano Expressway and the Second Niger Bridge and will be supervised by the Nigeria Sovereign Investment Authority (NSIA).

 












Advertisement