The Presidency has revealed that the three hundred and eleven million dollars loot by late former military Head of State, General Sani Abacha, which was repatriated to the country, had been paid directly to contractors for various jobs executed for the government.
It said the direct payment was to prevent the National Assembly, Ministries, Departments and Agencies from diverting the money.
The federal government had in May received the sum as part of recovered assets of the former military dictator.
The fund, which was repatriated from the United States and the Bailiwick of Jersey, was committed to expediting the construction of the Lagos-Ibadan expressway, Abuja-Kano road, and the Second Niger Bridge.
Senior Special Assistant to President Muhammadu Buhari on Public Affairs, Ajuri Ngelale, explained during a virtual town hall meeting hosted on Twitter by the Asiwaju Bola Ahmed Tinubu Media Centre, how the presidency prevented the National Assembly from diverting the money.
While presenting the scorecard of the Buhari administration, especially, in the area of infrastructure, Ngelale said the country would not be able to expand its revenue base without putting the infrastructure on ground.
Ngelale explained that considering the infrastructure deficit in the country, the President Buhari government devised innovative ways to finance, to bridge fifty years of infrastructure neglect in the country.