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See Why World Bank couldn’t audit late Abacha loot

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The World Bank has explained why it could not comprehensively audit how the loots recovered from the late dictator Sani Abacha, was spent. The
bank said it played a limited role in the spending of the loot because
of the structure of the programme adopted by the government at the time.

SERAP Executive Director, Adetokunbo Mumuni.

SERAP Executive Director, Adetokunbo Mumuni.
(Sahara Reporters)

The World Bank disclosed this in a letter addressed to a civil society organisation, Socio-Economic Rights and Accountability Project (SERAP).
It said the recovered loots were channelled into Nigeria’s budget in line with Olusegun Obasanjo‘s  National Economic Empowerment and Development Strategy (NEEDS).
The bank said, “The
funds were returned directly from Switzerland to the Nigerian
Government adding that it is committed to helping Nigeria account for
the spending of the loots.
“They
were programmed into the national budget and utilized by the Nigerian
Government in line with its National Economic Empowerment and
Development Strategy (NEEDS).”
The
financial institution added that the structure of the programme did not
allow for the comprehensive audits like the bank would normally do with
its own funded projects.

The letter further reads,
“As agreed with the Nigerian and Swiss governments, the Bank’s role was
limited to carrying out an ex-post analysis on their use with a
particular focus on their contribution to the NEEDS.
“This
was done as part of the public expenditure review carried out jointly
by Nigerian government and the Bank under the Country Partnership
Strategy. The monitoring and analysis of repatriated funds was
undertaken at two levels through: (1) the Bank-led analysis of general
budget expenditure trends, and (2) a budget monitoring survey which was a
limited field survey of sample projects funded under the budget program
and randomly selected from a list of projects provided by the
government.
“The budget
monitoring survey was conducted by joint teams representing both
government agencies and Nigerian civil society organizations. The Bank’s
role in this particular case was limited by the design and different
from the type of comprehensive audits we can do when funds are spent in
projects supported by the Bank. We would welcome the opportunity to meet
with you to explain the Bank’s role in this matter in the near future.
“We
do share your deep commitment to fighting corruption and promoting
transparency and accountability. These are key ingredients to successful
development and economic well-being.
“We
believe that the work organizations like SERAP are doing is critical to
achieve our common goal of improving the lives of people in Nigeria and
beyond.”
Abacha was Nigeria’s military head of state from 1993 to 1998.

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Ike Ani is a Freelance writer whose quest constantly is to relate happenings around the world to human daily living. He's also a song writer and singer, Acoustic Guitarist, and Teacher.

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Lifestyle

L. A Prisoners Infect Themselves With Coronavirus To Get Early Release (VIDEO)

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A group of silly L.A area prison inmates were very eager to contract the dreaded coronavirus .

They attempted this because they believed that would trigger their ticket out of prison.

According to the L.A. County Sheriff Alex Villanueva who made the startling revelation Monday, said about twenty-four (24) inmates at the Pitchess Detention Center in Castaic attempted (and somewhat succeeded, apparently) to infect themselves way back in mid-April 2020.

The Sheriff revealed that their department saw an increase in spike in confirmed cases out of nowhere.

He said that when they investigated, they found a high number of inmates living in one block of the prison appeared to be deliberately trying to infect each other with COVID-19 any way they could from behind bars.

When Alex Villanueva played the surveillance footages he and his team combed through carefully , and it showed several inmates hanging out in a common area and passing around what Alex described as a hot cup of water, as well as one face mask they’d each put on all in hopes of getting sympathy from a judge to spring them from the facility and let them go home.

But it turns out, their little ploy worked but, only halfway.

Villanueva reported that 21 of the inmates (out of 50 in the block) caught the ‘Coronavirus.

“What they won’t catch is a break” said the Sheriff.

Watch the Video HERE

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COVID-19 LOCKDOWN: 12 Year Old Albino Girl Suffers Eye Problems After Hawking Veggies In Abuja (PHOTOS)

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A very sad Facebook post greeted Nigerians from Abuja showing a 12 year old Albino Girl Grace, who started developing sight problems after Hawking Veggies under the scorching sun in Abuja.

The Facebook post stated that the little girl was asked to hawk the veggies by her aunt whom she lives with.

Below are the Screenshots of the Facebook post:

This sad news has sparked an outrage by well meaning individuals who spoke against such cruelty and insensitivity of the said girl’s aunt.

what do you think of this? Drop your comments below.

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“Buhari is Made In London” – Reno Omokri Blasts Presidency On Nigerian Made Products

The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced.

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Reno Omokri Nuggets

The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced. Many Nigerians have tagged it a harsh move that is insensitive and inhumane but moreso, Reno Omokri has singled out signals of hypocrisy in the President of Nigeria by outlining certain traits of family moves of the President that shows that he(Buhari) as the No.1 citizen has no regards for anything made in Nigeria but yet wants other Nigerians to embrace Nigerian made goods.

Reno Omokri ‘s tweet reads:

His kids schooled in England. His wife just returned from a 3 month UK stay. His daughter gave birth to his grandchild in Spain (made in Spain), yet
@MBuhari
, who is London, wants us to patronise made in Nigeria!

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