Tag: Abacha Loot

FG Approves an NGO to Monitor Spending of $311m Abacaha Loot
Finance, Infrastructure, News, Nigeria, Politics

FG Approves an NGO to Monitor Spending of $311m Abacaha Loot

The Federal Government has selected a civil society organisation, CLEEN Foundation, to monitor the spending of the last tranche of $311m returned funds looted by the late Head of State, Gen. Sani Abacha. This was disclosed on Thursday by the Office of the Attorney-General of the Federation. The fund which was returned in February 2020, was reported to have been appropriated for three notable projects - the 2nd Niger Bridge, the Abuja-Kano Expressway and the Lagos-Ibadan Expressway. According to a statement by the Special Assistant to the AGF, Dr Umar Gwandu, the purpose of the involvement of the CSO was to increase transparency in the management of recovered funds. Gwandu said CLEEN Foundation was selected after a presentation made by the Attorney-General of the Federation and ...