Abacha loot repatriation serap want buhari to probe world banks role
A very timely and relevant topic!
Here's a summary of the article:
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Muhammadu Buhari to probe the role of World Bank in the repatriation of the Abacha loot. The organization wants the President to investigate the bank's involvement in the alleged mismanagement of the recovered funds.
Background: The Abacha loot refers to the estimated $5 billion stolen by former Nigerian military dictator, General Sani Abacha, between 1993 and 1998. The funds were recovered by the Nigerian government in 2005, and since then, there have been several attempts to repatriate the loot to Nigeria.
The World Bank has been involved in the repatriation process, providing technical assistance and financial support to the Nigerian government. However, SERAP has raised concerns that the bank's involvement may have contributed to the alleged mismanagement of the recovered funds.
SERAP's demands: In a letter to President Buhari, SERAP has requested that he:
- Probe the role of the World Bank in the repatriation of the Abacha loot, including any alleged mismanagement of the funds.
- Ensure that the recovered funds are transparently managed and used for the benefit of the Nigerian people.
- Provide regular updates to the public on the status of the repatriation process and the use of the recovered funds.
The organization has also called on the World Bank to provide a detailed report on its involvement in the repatriation process, including any financial transactions and agreements entered into with the Nigerian government.
This development highlights the ongoing concerns about the transparency and accountability of the Abacha loot repatriation process. It remains to be seen how the Nigerian government and the World Bank will respond to SERAP's demands.