How Abacha Loots Will Be Managed

In 2020, the federal government recovered $308m looted by military dictator, Sani Abacha, and pledged it towards the construction of three key infrastructure projects – the Lagos-Ibadan Expressway, Abuja-Kano Expressway and the Second Niger bridge. On Thursday, Fashola explained that the funds are not domiciled in the Ministry of Works. READ ALSO: https://theemage.com/new-zealand-buys-lockhead-hercules-planes-worth-1bn/ Instead, the funds go into the sovereign wealth fund, managed by the Nigeria Sovereign Investment Authority, Fashola said. “I can’t confirm whether the money is ready because it didn’t come to my ministry,” he said. “It was…

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