The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has advised the President, Major General Muhammadu Buhari (retd.), to use the loot to fund projects in Delta State.
According to The Punch, the PACAC chairman said using the latest £4.2m (N2.2bn) tranche of the Ibori loot to fund the Lagos-Ibadan Expressway and the Abuja-Kano railway, would be unjust since such projects would have no direct impact on the lives of the people of Delta.
The 80-year-old senior advocate argued that since the funds emanated from the Delta State treasury, it would only be proper for the money to be used for the development of the state.
He said, “The money came from Delta State. Naturally, it must go back to Delta State. I know the basis of the Federal Government argument. It is not just about the MoU. There is a provision in the EFCC Act which says all monies recovered should go to the Federal Government.
“I think they may want to rely on this. However, that law is void because a law cannot be based on transferring the assets belonging to one person to another. My advice is for the Federal Government to ask the Delta State government to nominate projects they want to undertake and then money would be released for the projects.
“The Ibori money being used for Lagos-Ibadan Expressway and others is unacceptable. You cannot use money from Delta State to fix projects in other places. The Federal Government can also use the money to fund its many projects in Delta State like the Benin-Warri road and many others.”
Meanwhile, the House of Representatives has asked the Federal Government not to spend the £4.2m (N2.2bn) seized from former Governor James Ibori until the lawmakers conclude an investigation of the repatriation process.
This is just as members of the House from Delta State, where Ibori was governor, insisted that the money should be taken back to the state, while alleging that the actual amount was £6.2m, and not £4.2m.
The House consequently resolved to investigate the circumstances surrounding the recovery and planned disbursement of the loot.
It was reported on Tuesday that Federal Government had no plan of releasing the money to the Delta State Government, a development rejected by the state government.
The Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN), while thanking the UK, had said the money would be used for Federal Government projects such as the Lagos-Ibadan Expressway, the 2nd Niger Bridge, and the Abuja-Kano rail.
At the plenary on Wednesday, the House unanimously adopted a motion jointly moved by Delta representatives urging the Federal Government, through the Federal Ministry of Finance, Budget and National Planning, to “stop forthwith further appropriation/and or disbursement of recovered loot of £4.2m pending the final determination of the matter by the House.”
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