3 Of 5 FG Priority Projects To Draw From Abacha Loot

May 14, 2020
34 Views

Advertisement  Ecobank Advert

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.

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 exempt from the agreement signed between the Nigerian, United States and British territory of Jersey governments.

According to the document, only the second Niger Bridge, AbujaKadunaKano expressway, and LagosIbadan expressway will benefit from the repatriated funds. The funds are domiciled in the NSIA.

All print and online media should please take note of this correction and make the necessary adjustments to their previous publications on the issue.

Thank you.

Garba Shehu

Senior Special Assistant to the President

(Media & Publicity)

You may be interested

BREAKING: Court Orders Arrest of Maina’s Son
News
9 views
News
9 views

BREAKING: Court Orders Arrest of Maina’s Son

Webby - November 24, 2020

Faisal A Federal High court has ordered the arrest of Faisal Maina, the son of Abdulrasheed Maina. The Court in…

‘You Are A Disgrace. Both Home And Abroad’ – Adesua Etomi-Wellington Lambasts Lauretta Onochie
News
5 views
News
5 views

‘You Are A Disgrace. Both Home And Abroad’ – Adesua Etomi-Wellington Lambasts Lauretta Onochie

Webby - November 24, 2020

Adesua Etomi-Wellington, Lauretta Onochie Nollywood actress, Adesua Etomi-Wellington hit hard on Tuesday morning, November 24, after seeing a photo shared…

“My Wife Sleeps With Our Pastor, Church Elder” – Man Cries Out In Court
News
11 views
News
11 views

“My Wife Sleeps With Our Pastor, Church Elder” – Man Cries Out In Court

Webby - November 24, 2020

File photo A man's marriage has been dissolved after he approached a court in Ibadan to narrate how his wife…

Leave a Comment

Your email address will not be published.