Fg to serap we have no records of how recovered abacha loots were spent

A very timely and relevant topic!

You're referring to the fact that the Nigerian government has no records of how the recovered Abacha loot was spent. For those who may not know, the Abacha loot refers to the massive amount of money stolen by former Nigerian military dictator Sani Abacha during his rule from 1993 to 1998.

In 2014, the Nigerian government recovered a significant portion of the looted funds, estimated to be around $500 million, from foreign accounts and other assets. However, there have been concerns about the transparency and accountability of how the recovered funds have been spent.

Unfortunately, it appears that the government has not kept accurate records of how the recovered Abacha loot has been utilized. This lack of transparency has led to widespread skepticism and mistrust among Nigerians, who feel that the funds may have been mismanaged or diverted for personal gain.

In fact, a recent report by the Nigerian Extractive Industries Transparency Initiative (NEITI) found that the government had not provided adequate information on the use of the recovered Abacha loot. The report noted that the government had only provided a general breakdown of the funds, without providing detailed information on how they were spent.

This lack of transparency is not only a concern for Nigerians but also for the international community, which has been providing support to Nigeria in its efforts to recover and manage its stolen assets.

It is essential that the Nigerian government takes immediate steps to address this issue and provide a clear and transparent account of how the recovered Abacha loot has been spent. This will help to rebuild trust and confidence in the government's ability to manage public funds effectively and transparently.

What do you think should be done to address this issue?