Activist urges Tinubu to invest $150 million Abacha loot in Niger Delta development

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Activist urges Tinubu to invest $150 million Abacha loot in Niger Delta development
Activist urges Tinubu to invest $150 million Abacha loot in Niger Delta development

Niger Delta rights activist Ozobo Austin has urged President Bola Tinubu to allocate the $150 million General Sani Abacha loot to advance critical infrastructure in the Niger Delta region.

Austin emphasized that the funds, considered part of the Niger Delta oil revenue stolen by Abacha, should exclusively benefit the Niger Delta, deeming it unjust for the Nigerian government to divert the funds elsewhere.

Arguing against claims that the money belongs to the Nigerian government, Austin asserted that the funds originated from crude oil sales in the Niger Delta during the Abacha regime.

Given that oil was the primary revenue source in Nigeria at the time, exclusively derived from the Niger Delta region, he insisted that the funds rightfully belong to the Niger Delta and not the Nigerian government.

The French government recently announced its decision to return the $150 million Abacha loot to Nigeria.

French Minister for Europe and Foreign Affairs Catherine Colonna disclosed this during her visit to Abuja, where she informed President Tinubu about the planned return of the seized funds.