FG APPOINTS CSO TO MONITOR PROJECTS FINANCED WITH $311M ABACHA LOOT

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FG appoints CSO to monitor projects financed with $311m Abacha loot

FG appoints CSO to monitor projects financed with $311m Abacha loot

The federal government has approved the engagement of a civil society organisation (CSO) to monitor the execution of projects financed with the $311million Abacha Loot repatriated to Nigeria.

Nigeria had recovered the fund stolen during the late military ruler Sani Abacha regime from the United States and the Bailiwick of Jersey.

A statement issued on Thursday by Umar Gwandu, special assistant on media and public relations to Abubakar Malami, attorney-general of the federation and minister of justice, said the involvement of the CSO would help to improve transparency in the management of recovered funds.

“The federal executive council approved the award of the consultancy monitoring of the projects; 2nd Niger Bridge, Abuja to Kano Express Way and Lagos to Ibadan Expressway to CLEEN Foundation, a Nigerian-based CSO, ” the statement read.

“The selection process included the participation of the other two countries that signed the tripartite agreement for the return of the Abacha stolen assets; the United States of America and the Bailiwick of Jersey.

“This engagement is in line with President Buhari’s commitment to open government and the principles of The Global Forum on Asset Recovery (GFAR) as well as the UN Convention Against Corruption provisions on Asset Recovery.”

According to the statement, FG assented after Malami made a presentation on the competitive bidding process involving 17 Nigerian and international CSOs and businesses.

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