The presidency revealed that the $311 million loot by the 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 says the direct payment was to prevent the National Assembly and the Ministries, Departments, and Agencies from diverting the money.
Senior Special Assistant to President Muhammadu Buhari on Public Affairs, Ajuri Ngelale, says the country would not be able to expand its revenue base without putting the infrastructure on the ground.
Ngelale explained that considering the infrastructure deficit in the country, the Buhari government devised innovative ways to finance, to bridge 50 years of infrastructure neglect in the country.