Okonjo-Iweala Reveals To World Bank How Abacha Loot Was Spent

The Socio-Economic Rights and Accountability Project (SERAP) has “received several documents from the World Bank totalling over 700 pages on information on the spending of recovered assets stolen by the late General Abacha, with some of the documents suggesting that Abacha loot was spent on roads, electricity, education, health and water.”




This information was disclosed by SERAP executive director, Adetokunbo Mumuni, in a statement dated November 29, 2015.

The organisation said, “SERAP can confirm that last week we received several documents from Ann May of the Access to Information Team of the World Bank following our Access to Information Request to the Bank. We also received a letter dated 24 November 2015 from Mr. Rachid Benmessaoud, Director of the World Bank in Africa.”


“In total, SERAP has received over 700 pages of documents, which we are now closely studying and scrutinising with a view to discovering whether the documents contain details that Nigerians would like to see and whether the information correspond to the facts on the ground. After this analysis, we will respond to the Bank and consider our options, including filing an appeal before the Bank’s Access to Information Appeals Board and taking other appropriate legal actions nationally and internationally to discover what exactly happened to Abacha recovered loot,” the organisation said.