SERAP to Buhari: Probe how N65bn Abacha loot was spent
THE Socio-Economic Rights and Accountability Project (SERAP) yesterday urged President Muhammadu Buhari to investigate how the $500million (about N65billion) Abacha loot recovered from Switzerland was spent. The Non-Government Organisation (NGO) is urging a probe into the role of the Federal Ministry of Finance in disbursing the funds which it said went into the 2014 and 2005 budgets for roads, electricity, education, water and health nationwide. SERAP, through its Executive Director, Adetokunbo Mumuni, is making the demand based on reports the group claimed it received from two World Bank officials, Ann May of the Access to Information Team and a director, Mr. Rachid Benmessaond. In a statement, SERAP said “In the meantime, our preliminary review of some of the documents and the letter from Mr Rachid Benmessaoud have revealed certain facts which raised more questions about what exactly happened to Abacha loot: First, that Minister of Finance in a letter dated Jan...