Second niger bridge partly funded with recovered loots senate committee
A very interesting topic!
According to reports, the Nigerian Senate Committee on Public Accounts has revealed that part of the funding for the construction of the Second Niger Bridge was sourced from recovered loots.
The Second Niger Bridge is a major infrastructure project aimed at connecting the eastern and western parts of Nigeria, spanning the Niger River in Delta State. The project has been ongoing for several years, with the Nigerian government committing significant resources to its completion.
In a recent hearing, the Senate Committee on Public Accounts, led by Senator Mathew Urhoghide, revealed that the Federal Ministry of Works and Housing had received N10 billion from the recovered loots to support the construction of the Second Niger Bridge.
The recovered loots, according to the committee, were proceeds from the sale of assets seized from corrupt individuals and companies. The funds were reportedly deposited into the Federation Account, from where they were allocated to the Ministry of Works and Housing for the project.
The committee's revelation has sparked controversy, with some lawmakers questioning the transparency and accountability of the government in the use of recovered loots. Others have expressed concerns about the potential impact of using recovered loots on the country's anti-corruption efforts.
The Nigerian government has been under pressure to recover looted funds and assets, particularly from the administration of former President Goodluck Jonathan. The current administration has made significant progress in recovering looted funds, with the Economic and Financial Crimes Commission (EFCC) recovering billions of naira in assets and cash.
However, the use of recovered loots for infrastructure projects like the Second Niger Bridge has raised questions about the government's priorities and the potential for corruption in the allocation of recovered funds.
What are your thoughts on this development? Should recovered loots be used for infrastructure projects, or should they be used to fund anti-corruption efforts and support vulnerable populations?