The World Bank says it needs additional time to provide comprehensive information on the spending of recovered funds looted by the late Nigerian Head of State, Sani Abacha. That the loot is so massive indeed they will need extra time to handle the counting, because World Bank said this a response to human rights group, Socio-Economic Rights and Accountability Project (SERAP) asking for a comprehensive document detailing all the loots of the former military dictator which is estimated at $11.3 billion and stashed in foreign banks.
“In response to your request, we would like to inform you that we are still considering your request and we will need additional time because the money involved is too huge for us to handle.” World Bank writes.
The World Bank said that although it takes just 20 working days to respond to such requests, under special cases it could take much longer time.
The loot stolen by the former military ruler from 1993 to 1998 is estimated to be worth 11.3 billion dollars.