Abacha loot disbursement we need time to provide comprehensive response says world bank

A timely and relevant topic!

According to a recent report, the World Bank has stated that it needs time to provide a comprehensive response to the disbursement of the Abacha loot. The Abacha loot refers to the estimated $5 billion stolen by former Nigerian dictator Sani Abacha and his associates between 1993 and 1998.

The World Bank's statement comes as Nigeria is seeking to repatriate the looted funds and use them to finance development projects in the country. The looted funds are currently being held in foreign banks, and Nigeria has been working with the World Bank and other international organizations to recover them.

In a statement, the World Bank said that it needs time to provide a comprehensive response to the disbursement of the Abacha loot because it requires a thorough analysis of the funds and the development projects that will be funded with them. The World Bank also emphasized the importance of transparency and accountability in the disbursement of the funds.

The statement reads in part:

"The World Bank is committed to supporting Nigeria's efforts to recover and repatriate the Abacha loot. However, we need time to provide a comprehensive response to the disbursement of the funds. This requires a thorough analysis of the funds and the development projects that will be funded with them. We are working closely with the Nigerian government and other stakeholders to ensure that the funds are used transparently and accountably."

The World Bank's statement is seen as a positive development by many Nigerians, who have been calling for the recovery and repatriation of the Abacha loot for years. The looted funds are seen as a potential game-changer for Nigeria's development, and many are hoping that they will be used to finance projects that will benefit the country's citizens.

It remains to be seen how long it will take the World Bank to provide a comprehensive response to the disbursement of the Abacha loot, but many are hoping that the process will be completed soon.