The presidency says 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.
The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, in a statement, said he had in an earlier statement, erroneously 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).
He noted that the error is regretted.
The media aide hinted that though the Mambilla and East-West expressway are regarded under the PIDF as priority projects, he has 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, adding that the funds are domiciled in the NSIA.
The media aide urged online media to take note of the correction and make the necessary adjustments to their previous publications on the issue.
