Thursday, 29 October 2015

World Bank Says Abacha Loot is “Too Huge” to Handle

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Activists of the Socio-Economic Rights and Accountability Project (SERAP) are said to have contacted officials at the World Bank, demanding for information about the status of recovered funds looted by the late Nigerian Head of State,Sani Abacha, which is reportedly over $11.3 billion.

In response to the inquiry, World Bank representatives said, “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,” Channels reports.

The report further states that it typically takes 20 working days to respond to such requests, however; under special cases it could take much longer time.

World Bank has asked for more time to be able to supply comprehensive information on how the recovered Abacha loot was spent.

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