A
abujagirl
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The Swiss government is blaming the World Bank for the delay in repatriation of $321million Sani Abacha.
PUNCH reports that Deputy Head of Mission, Swiss embassy in Nigeria, Daniel Cavegn, said the World Bank has to finalise the projects to be executed with the money by the Federal Government.
He said, “Once the monitoring of the World Bank for the projects chosen by the Federal Government is finalised, we will proceed to a bilateral agreement for the restitution, which is the legal basis for the transfer of the money.
“The Swiss forfeiture order provides for a return of $321m to Nigeria and foresees a monitoring of the use of the funds by the World Bank.
“From the Swiss side, we are committed to begin the restitution of the money to Nigeria as soon as possible; we will proceed to a bilateral agreement for the restitution, which is the legal basis for the transfer of the money.
“It is difficult to currently give a time frame for the start of the restitution as the finalisation of the proceedings will still need time.”
PUNCH reports that Deputy Head of Mission, Swiss embassy in Nigeria, Daniel Cavegn, said the World Bank has to finalise the projects to be executed with the money by the Federal Government.
He said, “Once the monitoring of the World Bank for the projects chosen by the Federal Government is finalised, we will proceed to a bilateral agreement for the restitution, which is the legal basis for the transfer of the money.
“The Swiss forfeiture order provides for a return of $321m to Nigeria and foresees a monitoring of the use of the funds by the World Bank.
“From the Swiss side, we are committed to begin the restitution of the money to Nigeria as soon as possible; we will proceed to a bilateral agreement for the restitution, which is the legal basis for the transfer of the money.
“It is difficult to currently give a time frame for the start of the restitution as the finalisation of the proceedings will still need time.”
