The World Bank has said that it needs more time to compile and furnish the Socio-Economic Rights and Accountability Project, SERAP, with information on the spending of the loot recovered from the late military dictator, General Sani Abacha.

SERAP says such information would not only enable the Nigerian masses to know the status of the recovered loot but it would also equip civil society organisations to engage the government on greater transparency and accountability.

A statement issued by SERAP’s Executive Director, Mr. Adetokunbo Mumuni, said that it has received a letter from the World Bank, acknowledging its request and asking for more time to be able to supply comprehensive information on how the recovered Abacha loot was spent.

According to SERAP, the said letter dated October 15, 2015, was signed by Ann May of the World Bank Access to Information Team.

The group had on September 21, 2015 sent an ‘Access to Information’ request to the President of the World Bank, Jim Yong Kim, asking him to release documents detailing the projects to which the loot recovered from Abacha was applied, as well as the implementation status of such projects. (Channels TV)

•Photo shows late Gen. Abacha.