Tuesday, 27 October 2015

Abacha's loot is too huge for us to handle-World Bank

The World Bank has asked for more time to provide a detailed report on the loot of former military dictator, Sani Abacha, saying the loot is too huge for it to handle. The World Bank said this in response to a request by civil society group, Socio-Economic Rights and Accountability Project (SERAP)
asking for a comprehensive document detailing all the loots of the former military dictator which is estimated at $11.3 billion and stashed in foreign banks.


"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." World bank says
The World Bank added that although it takes just 20 working days to respond to such requests, under special cases, it could take longer time.

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