Moses Ofodeme
The Presidency has explained that the recently repatriated Sani Abacha loot will go towards three of the Federal Government’s five priority projects; excluding the Mambilla power and East-West road projects.
A spokesman of the Presidency, Malam Garba Shehu gave this clarification in a statement in Abuja on Wednesday, May 13.
The statement read in part: ”In an earlier statement, I had mistakenly noted that the Mambilla was one of five priority projects to benefit from the $311 million Abacha loot under the Presidential Infrastructure Development Fund (PIDF) managed by the Nigeria Sovereign Investment Authority (NSIA). That error is regretted.
”Although the Mambilla and East-West expressway are regarded under the PIDF as priority projects; I have ascertained that they are exempted from the agreement signed between the Nigerian; United States; and British territory of Jersey governments.”
Also,
”According to the document, only the second Niger bridge; Abuja-Kaduna-Kano expressway; and Lagos-Ibadan expressway will benefit from the repatriated funds. The funds are domiciled in the NSIA,” the Presidency revealed.
The presidency, therefore, enjoined all print as well as online media to take note of the correction; and likewise make the necessary adjustments to their previous publications on the issue.