The recently repatriated Sani Abacha loot will go towards three of the Federal Government’s five priority projects, excluding the Mambilla power and East-West road projects, Garba Shehu retracted in a statement.
He admitted he made a mistake when he included Mambilla power and East west road. “In an earlier statement, I had mistakenly noted that 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)”.
He said “although the Mambilla and East-West expressway are regarded under the PIDF as priority projects, I have ascertained that they are exempted 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” the presidential spokesman said in a statement.