Abacha loot serap want world bank to disclose document on spending

A very timely and important issue!

Abdullahi Sani Serap, a Nigerian lawyer and human rights activist, has written to the World Bank, requesting that they disclose documents on the spending of the Abacha loot, also known as the Abacha Stolen Funds.

For those who may not know, the Abacha loot refers to the estimated $5 billion stolen by former Nigerian military dictator Sani Abacha between 1993 and 1998. The funds were looted from the country's treasury and stashed away in foreign accounts.

In 2000, the Abacha family and their associates were accused of embezzling the funds, and the Nigerian government launched an investigation. In 2004, the Swiss government froze the accounts, and in 2014, the Nigerian government recovered $322 million from the Swiss accounts.

The recovered funds were then deposited into a special account at the Central Bank of Nigeria (CBN) and were meant to be used for development projects in Nigeria. However, there have been allegations of mismanagement and corruption in the spending of the funds.

Serap's request to the World Bank is to disclose documents on the spending of the Abacha loot, which was allegedly spent on various projects in Nigeria. He wants to know how the funds were disbursed, what projects were funded, and whether the funds were used for their intended purpose.

Serap's request is part of his efforts to promote transparency and accountability in the management of public funds in Nigeria. He believes that the disclosure of the documents will help to ensure that the funds were used for the benefit of the Nigerian people and not for personal gain or corruption.

The World Bank has not yet responded to Serap's request, but it is hoped that they will comply with his request and provide the necessary documents to ensure transparency and accountability in the management of the Abacha loot.