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Buhari Urges World Bank to aid in Speedy Repatriation of Nigeria’s Stolen Funds under Abacha & assures “we will not allow it to be misappropriated”



In a statement signed by his Senior Special Assistant on Media and Publicity, Garba Shehu, President Muhammadu Buhari has called on the World Bank to facilitate the speedy repatriation if stolen funds still being held by Swiss authorities.

He made the statement while receiving a World Bank delegation in Abuja on Wednesday.Buhari receives World Bank MD1

Read the statement below:

President Muhammadu Buhari Wednesday in Abuja urged the World Bank to do all within its powers to facilitate the speedy repatriation to Nigeria of stolen funds still being held by Swiss authorities.

Speaking at a meeting with the visiting Managing Director of the World Bank, Sri Mulyani Indrawati, President Buhari said that the repatriation of the additional $320 million US dollars in Switzerland, which has been identified as illegally taken from Nigeria under the Abacha administration, will help to ease the current economic hardship facing the country.

The President assured Indrawati that his administration was taking appropriate steps to ensure that public funds are no longer stolen or misappropriated by government officials.

“We need the support of the World Bank for the repatriation of the funds. We are as concerned as the World Bank about accountability. If such repatriated funds have been misapplied in the past, I assure you that the same will not happen with us. Three hundred and twenty million dollars is a lot of money and we will not allow it to be misappropriated or diverted,” President Buhari told Indrawati.

One of the conditions given by the Swiss Authorities for the repatriation of the funds is that it should be expended on the implementation of social programmes for the benefit of the Nigerian people in an efficient and accountable way, guaranteed by the monitoring of the World Bank.

President Buhari also assured the World Bank Managing Director that his administration will honour all agreements with the Bank that will help to stimulate Nigeria’s economy and reduce the level of poverty in the country.

He said that Nigeria will welcome greater international assistance for the rehabilitation of damaged homes, schools, health facilities and other infrastructure in the North Eastern states affected by the Boko Haram insurgency.

Indrawati told President Buhari that the World Bank was ready to use its knowledge, expertise and resources to help Nigeria achieve faster growth and development.

“We will strongly support you to create jobs and ensure prosperity in Nigeria,” the World Bank Managing Director assured President Buhari.

She also expressed the World Bank’s full support for the war against corruption being waged by the Buhari Administration.

Buhari receives World Bank MD2 Buhari receives World Bank MD3


  1. FasholasLover

    April 27, 2016 at 8:27 pm

    Haaan? What changed?? Abacha was not corrupt! So what money, which money??? Dementia setting in already?

    • nnenne

      April 27, 2016 at 10:00 pm

      Fasholaaslover…You read my mind.
      We know Abacha because he is dead and people have the guts to implicate him.
      Think of other military officers and how much they could have gather when money had values.

  2. anonymous

    April 27, 2016 at 8:36 pm

    I thought he said Abacha was not corrupt? Or is stealing not a part of corruption, this guy is a joker i swear mtsheww.

  3. 'Deola

    April 27, 2016 at 9:11 pm

    Incorruptible Buhari, abi? Pastor as VP and Tinubu as Imam.

  4. Every Truth Has Its Day.

    April 28, 2016 at 12:26 am

    Whaaat? The same Buhari who used to say so arrogantly that Abacha did not loot, did not steal, was not corrupt? that there was NO evidence against him?

    Talk about swallowing your own vomit.

  5. No Shame.

    April 28, 2016 at 7:15 am

    Buhari ought to apologise to Nigerians and publicly recant his previous denials and statements (even in the face of multiple damning evidence both in Nigerian and from foreign governments and organisations) that Abacha did not steal and was not corrupt. He should be shamefaced saying what he’s now said to the World Bank.

  6. Prince

    April 28, 2016 at 3:31 pm

    This money thing is taking too long. they should return the money and the FG should just concentrate on one project or two that the money would be enough to complete and spend it on.
    I would suggest the light rail project within Lagos and Abuja.

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