Late General Sani Abacha, ex-Head of State

Nigeria approves CSO to monitor disbursement of $312m Abacha’s loot

*The Attorney-General of the Federation and Minister for Justice discloses that Cleen Foundation will monitor transparency in the management of the recovered funds

Alexander Davis | ConsumerConnect

In line with its earlier pledge to engage a Civil Society Organisation (CSO) that has expertise in substantial infrastructure projects, civil engineering, anti-corruption compliance, anti-human trafficking compliance, and procurement to provide additional monitoring and oversight, the Nigerian Government has approved the engagement of a CSO to monitor the disbursement of $312million Abacha loot recovered May 2020.

ConsumerConnect reports the loot was repatriated from the United States (US) and the Bailiwick of Jersey earlier this year.

Umar Gwandu, Spokesman to Mr. Abubakar Malami, Attorney-General of the Federation and Minister for Justice, in a statement Thursday, December 24 said Cleen Foundation will monitor transparency in the management of recovered funds.

In April, America released details of the funds laundered through the US banking system.

The funds were held in bank accounts in Jersey in the name of Doraville Properties Corporation, a BVI company, and in the name of a son of late military ruler, General Sani Abacha.

Hitherto, the US had stated that Nigeria promised to engage a CSO that has “expertise in substantial infrastructure projects, civil engineering, anti-corruption compliance, anti-human trafficking compliance, and procurement to provide additional monitoring and oversight.”

According to the statement, Cleen Foundation was approved by the country’s Federal Executive Council (FEC) Wednesday after a presentation by Mr. Malami.

The organisation is also expected to keep track of execution of the 2nd Niger Bridge, Abuja to Kano Expressway, and Lagos─Ibadan Expressway in South-West Nigeria.

A total of 17 local and international CSOs reportedly applied to monitor the spending.

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