gasparpisciotta:
So sad. This will also go the way of others before it.

Raydos:
Its a pity that this money will be embezzled again!

Instead of the government to think about City development, We should start thinking about developing atleast 3 states to a world-class standard, Let's say One from East, West and North, (Kano, Oyo and Enugu)

This will really boost our tourism and will make us less reliant on "OIL",

UAE for instance doesn't give a damn about Oil prices anymore, they now focus more on tourism by building their major cities such as Dubai, And Abu-dhabi to a world class standard, the money UAE make per month now from tourism in Dubai alone can feed the whole Nigeria for a year!!




And besides, if the Government can invest this $311,000,000 into power, and upgrade our power sector to a first world standard!!

It will help an Average Nigerian get out of poverty, stable Power supply alone can alleviate poverty by 20%





But then again this is Nigeria, this money will be embezzled in less than a week!!

What a country!!!!!!!!!

Okortor:
Money that Would soon be looted and can't be accounted for. Shame on Nigerian govt.

References:
STATEMENT ON THE RETURN OF THE ABACHA STOLEN MILLIONS FROM THE UNITED STATES AND JERSEY

On Monday, May 4, 2020, some $311 million US Dollars - stolen from the citizens of Nigeria during the Abacha regime - were safely returned to our country from the United States.

These funds have already been allocated, and will be used in full, for vital and decades-overdue infrastructure development: The second Niger Bridge, the Lagos-Ibadan and Abuja-Kaduna-Kano expressways - creating tens of thousands of Nigerian construction jobs and local skills, which can then be useful in future projects.

Part of the funds will also be invested in the Mambilla Power Project which, when completed, will provide electricity to some three million homes - over ten million citizens - in our country.

The receipt of these stolen monies - and the hundreds of millions more that have already been returned from the United Kingdom and Switzerland - are an opportunity for the development of our nation, made far harder for those decades the country was robbed of these funds.

Indeed, previous monies returned last year from Switzerland - some $320 million US dollars - are already being used for the government’s free school feeding scheme, a stipend for millions of disadvantaged citizens, and grain grants for those in severe food hardship.

Without these funds, the fight against Covid-19 would be even tougher.

The latest return is a testament to the growing and deepening relationship between the government of Nigeria and the government of the United States.

Without the cooperation both from the UK Government, the US Executive branch and US Congress, we would not have achieved the return of these funds at all.

For years many countries deemed successive Nigerian administrations as too corrupt, too venal and too likely to squander and re-steal the stolen monies - so they did not return the funds.

Today, US, UK and other jurisdictions have found the partnership with the nation of Nigeria they can finally trust.

The Buhari Administration is committed to - and is enacting - total and zero tolerance to corruption in politics and public administration.

The days when government was seen and used by the political class as their personal ATM to empty are over.

The time of better governance and clean hands in the affairs of state is here to stay.

Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
May 5, 2020

https://www.facebook.com/1636468759900542/posts/2603939996486742/

References:



Indeed, previous monies returned last year from Switzerland - some $320 million US dollars - are already being used for the government’s free school feeding scheme, a stipend for millions of disadvantaged citizens, and grain grants for those in severe food hardship.