Funds Recovered Will Be Used To Complete 2nd Niger Bridge and Others – FG
Attorney-General of the Federation and Minister of Justice Abubakar Malami has disclosed that the Federal Government will use the fund of $311,797,866.11 assets of former Head of State, the late Gen. Sani Abacha, recieved from the United States (U.S.) and the Bailiwick of Jersey will be used to complete the construction of the second Niger Bridge, Lagos-Ibadan Express way and Abuja-Kano Express way.
The disclosures were contained in a statement in Abuja by the AGF’s Special Assistant on Media and Public Relations, Dr. Umar Jibrilu Gwandu.
The Minister said the government will invest the assets in expediting the construction of the following infrastructure: Lagos – Ibadan Expressway, Abuja–Kano Expressway and the Second Niger Bridge.
Malami, a Senior Advocate of Nigeria (SAN), said although about $308 million was being expected since February, $308 million mentioned in the press release issued in February increased to over $311 million because of the interest.
The minister said the interest accrued from February 3 April 28 this year when the fund was transferred to the Central Bank of Nigeria (CBN).
Malami added: “To ensure transparent management of the returned assets, the Nigerian government will also engage a civil society organisations who has combined expertise in substantial infrastructure projects, civil engineering, anti-corruption compliance, anti-human trafficking compliance, and procurement to provide additional monitoring and oversight.