FG discloses how much it has recovered from looters

FG discloses how much it has recovered from looters

– The federal government says in addition to the N200bn recovered in the anti-graft war, there are recoveries still in the interim than cannot be dealt with

– The minister of justice, Abubakar Malami, notes that the anti-corruption strategy set up by the ministry made it possible for the money to be recovered

– Malami says that the government plans to do more by leveraging on technology in the fight against the corruption

The federal government has disclosed that it has recovered in excess of N200bn in final forfeiture in its anti-corruption fight.

The minister of justice, Abubakar Malami, made the disclosure on Thursday, November 7, at a special town hall meeting organised by the ministry of information and culture, The News Agency of Nigeria (NAN) reports.

“We have recovered in excess of 200 billion in final forfeiture and there are recoveries still in the interim than cannot be dealt with.

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“The money we have earned for the federal government in the process of the anti-corruption war is in the excess of N200 billion,” the minister who was represented by Abiodun Ayodeji, the special adviser to the president on financial crimes said.

He noted that the anti-corruption strategy set up by the ministry and endorsed by the federal executive council in July 2017 made possible for the feat to be achieved.

Malami stated that the prevention of corruption, enforcement of sanction, public enlightenment, for ethical reorientation and recovery of stolen funds were the five pillars on which the strategy rested.

He said that the government planned to do more by leveraging on technology in the fight against the menace.

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Meanwhile, the Civil Society Legislative Advocacy Centre (CISLAC) has called on President Muhammadu Buhari to assent to the Companies and Allied Matters Act (Repeal and Re-enactment) bill.

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The bill was transmitted to the president on Monday 27 after it was passed by the 8th National Assembly on Tuesday, May 14. President Buhari didn’t assent to the bill and no reason was given for his action by presidential spokespersons.

Executive Director of CISLAC, Auwal Ibrahim Musa, during a press briefing on Thursday, November 7, stated that the bill contains provisions that enhances the ability of anti-corruption agencies to detect and stop corruption.

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