Abachas Loots: Worldbank Ask SERAP For More Time To Disclose Information

The World Bank says it needs additional time to provide comprehensive information on the spending of recovered funds looted by the late Nigerian Head of State, Sani Abacha.

These was a fallout of a request by the Nigerian group, the Socio-Economic Rights and Accountability Project (SERAP) asking for proper information on how looted funds by the late Army chief was spent.

In a clear response and letter date 15 October 2015, signed by the banks Access to information team Ann May, the bank said “In response to your request under AI3982, we would like to inform you that we are still considering your request and need additional time to provide you with a more comprehensive response.”

Extracts the world bank letter read thus 

“In most cases, we will be able to respond within twenty (20) working days from receipt of a request for information. However, we may need additional time in special circumstances, for example, if the request is complex or voluminous or if it requires further review by or consultation with internal World Bank units, external parties, the Access to Information Committee, or the World Bank’s Board of Executive Directors.”

“We regret any inconvenience that a delay may cause you and, if one does occur, will aim to minimize it as much as possible. We will notify you promptly of any updates to the status of your request. Thank you for your interest in the World Bank.”

Nonetheless, the SERAP had since then insisted the needed information is released as it's of note that the worldbank was involved in transfer, spending and disbursement of all proceeeds recovered from Abacha's loot as the release of the requested documents is of paramount importance to the public interest in preserving the legitimacy, credibility and relevance of the World Bank as a leading international development institution.

Acknowledging the banks response, SERAP executive director Adetokunbo Mumuni said, “We welcome the Bank’s decision to thoroughly consider the request as these will of paramount importance to billions of Nigerians seeking to know how the monies were spent.