Abacha Loot: World Bank Seeks More Time To Give Details

The World Bank has again asked for more time to release details on the spending of recovered loot by late General Sani Abacha. This followed the bank’s decision to refer “portion of appeal by Socio-Economic Rights and Accountability Project (SERAP) to the Bank Archives Unit for processing for public access.”

In a letter dated 8 August 2016 and sent to SERAP, the World Bank said, “In response to your request under AI4288, we would like to inform you that we are working on your request as referred to the Archives by the Access to Information Committee in its decision on the appeal and need additional time to provide a more comprehensive response. We regret any inconvenience for this delay.”

This development was disclosed today in a statement by SERAP executive director Adetokunbo Mumuni. The World Bank’s request for more time followed the appeal SERAP lodged with the Bank on 5 February 2016 on the ground that the Bank’s decision on its initial request did not reveal “important portions of the information requested on how Abacha loot was spent.”

This is the second time the World Bank is asking for additional time to provide SERAP with details of spending of Abacha loot. It would be recalled that the bank in a letter dated 15 October 2015 and signed by Ann May of the Access to Information Team said that “In response to your request under AI3982, we would like to inform you that we are still considering your request and need additional time to provide you with a more comprehensive response.”

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World Bank Wants More Time To Compile Information On Abacha Loot

The World Bank says it needs additional time to provide comprehensive information on the spending of recovered funds looted by the late Nigerian Head of State, Sani Abacha.

The World Bank told the human rights group seeking information on the loot, which is about seven billion dollars, that for now it is compiling information on the spending.

According to the World Bank “In response to your request, we would like to inform you that we are still considering your request and we will need additional time because the money involved is too huge for us to handle.”

The World Bank said that although it takes just 20 working days to respond to such requests, under special cases it could take much longer time.

The loot stolen by the former military ruler from 1993 to 1998 is estimated to be worth 11.3 billion dollars.

The Socio-Economic Rights and Accountability Project, SERAP, had written to the World Bank demanding information on the spending of the loot recovered from the late military dictator, General Sani Abacha.

The World Bank acknowledged the request and asked for more time to be able to supply comprehensive information on how the recovered Abacha loot was spent.

Credit: ChannelsTV