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Countries held on to Abacha’s loot because you were corrupt, APC replies PDP on re-looting allegation

Countries held on to Abacha’s loot because you were corrupt, APC replies PDP on re-looting allegation

The ruling All Progressive Congress (APC) has replied the opposition People’s Democratic Party  (PDP) on allegation the former was planning to re-loot the repatriated loot of the late General Sani Abacha.

The APC’s spokesperson, Lanre Issa-Onilu, in a statement released on Wednesday, accused PDP of trying to tarnish the image of the Buhari’s government, while noting that the failure to repatriate is “an indictment on successive PDP administrations which many countries found too corrupt and with a renowned propensity to reloot the stolen monies, hence they held on to much of the funds.”

ALSO READ: There is a plot in the Presidency to loot the repatriated $311m – PDP

“Of course, we understand PDP’s frustrations. Its unsuccessful and serial attempts to tar the APC government with the corruption toga in order to blur its own image as a party that personifies corruption in words and deeds has turned the party into a laughing stock”.

“On the recovery of $311million, we refer the PDP to the 2020 Asset Return Agreement which requires the fund to be transferred to a Central Bank of Nigeria (CBN) Asset Recovery designated account and which would then be paid to the National Sovereign Investment Authority (NSIA) designated as the project management and execution authority within the next fourteen days.

“The federal government has committed itself that the assets will be invested in expediting the construction of major infrastructure projects across Nigeria, and particularly, this administration’s legacy projects, namely: Lagos – Ibadan Expressway; Abuja – Kaduna-Kano Expressway and the Second Niger Bridge as well as the Mambilla Power Project which, when completed, will provide electricity to some three million homes in Nigeria,” he further stated.

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