By Our Reporter
Abuja – The Presidency has said that only the second Niger bridg*le, Abuja-Kaduna-Kano expressway, and Lagos-Ibadan expressway will benefit from the repatriated $311m Abacha loot.
The Special Assistant to the President on Media and Publicity, Garba Shehu, who made the clarification in a statement, said the recently repatriated loot will go towards only three of the Federal Government’s five priority projects.
He said the Mambilla power and East-West road projects were not included as he stated in an earlier statement.
According to him, “In an earlier statement, I had mistakenly noted that the Mambilla was one of five priority projects to benefit from the $311 million Abacha loot under the Presidential Infrastructure Development Fund (PIDF) managed by the Nigeria Sovereign Investment Authority (NSIA). That error is regretted ” Shehu said.
“Although the Mambilla and East-West expressway are regarded under the PIDF as priority projects, I have ascertained that they are exempt from the agreement signed between the Nigerian, United States and British territory of Jersey governments.
“According to the document, only the second Niger bridge, Abuja-Kaduna-Kano expressway, and Lagos-Ibadan expressway will benefit from the repatriated funds. The funds are domiciled in the NSIA.
