Home » Latest Politics, Presidency, Sani Abacha (1993-98) » Abacha loot is too huge for us to handle, says World Bank

Abacha loot is too huge for us to handle, says World Bank

The World Bank has said it needs additional time to provide comprehensive information on the funds looted by the late Head of State, General Sani Abacha.

The World Bank told a human civil society group, Socio-Economic Rights and Accountability Project (SERAP) seeking information on the loot 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 about $11.3 billion.

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.

Courtesy: Channels Television

 

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Posted by on Oct 28 2015. Filed under Latest Politics, Presidency, Sani Abacha (1993-98). You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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