In a letter addressed to the commission’s acting chairman, Ibrahim Magu, Falana said the Federal Government has not accounted for the funds recovered between 1998 and 2014. He said despite a court order directing the Accountant-General of the Federation to account for the funds, he has refused to.
“From 1998 to 2014, the Federal Government successfully recovered over $4bn from the Abacha loot. However, based on the refusal of the Office of the Accountant-General of the Federation to account for the recovered loot, SERAP applied to the Federal High Court for an order of mandamus
“Even though the court granted the order, the Federal Government has failed to account for the recovered loot. In the circumstances, we have submitted a petition to the EFCC to investigate the alleged criminal diversion of the recovered loot.”