FG Can’t Account For Recovered Abacha Loot – Falana

By Chuks Ekpeneru

The Nigerian Government has been accused of failing to account for the $4bn recovered from late Head of State, Gen. Sani Abacha.

Femi Falana (SAN) raised the allegation at the Anti-Corruption Situation Room conference organised by Human and Environmental Development Agenda.

The conference focused on reviewing efforts of state and non-state actors in the fight against corruption in Nigeria.

Falana lamented that since 1999, the government had recovered about $4bn of public funds stolen by Abacha but that Nigerians were not aware of how the fund was expended by the government.

He said the recent inquisition by the United States Department of State over accountability in the disbursement of the latest over $308m warehoused in the Island of Jersey but recently released to Nigeria reflects lack of accountability by the Nigerian Government.

“About $4bn recovered Abacha loot is yet to be accounted for.

“One young state house official told Buhari government officials that the money must not be stolen.

“It is the most successful recovery of stolen public funds in the world. We have not been able to account for the money,” Falana said, lamenting that a former President said he recovered $2bn in eight years but when he was asked to account for the funds after a court order, he said the “judge was foolish”.

An official of Transparency International, Mr Anwal Musa Rafsanjani, said the TI report is not about corruption by the Nigerian Government but rather focuses on perception and the corruption trends in the country.

Send Us A Press Statement Advertise With Us Contact Us

 And For More Nigerian News Visit GWG.NG