FG recovers $1bn looted funds since 2015

AGF Abubakar Malami

*** Okays new Anti-corruption Strategy Document

By Harry Awurumibe, Editor Abuja Bureau

The anti-corruption strategic formula currently in place in Nigeria may have yielded plenty dividends as the federal government on Wednesday said it has recovered $1 billion being looted fund from the inception of President Muhammadu Buhari’s administration till date.

The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, stated this while briefing State House correspondentsat the end of the weekly Federal Executive Council, (FEC) meeting presided over by President Buhari at the Council Chamber, Presidential Villa, Abuja.

Malami affirmed that the recovered assets had been deployed to various sectors of the economy including poverty alleviation.

He announced the Council’s approval of the new Anti-corruption Strategy Document to strengthen anti-graft fight in the country.

The Minister also expressed government’s concern over cases of budget padding, describing it as worrisome, adding that every necessary measure would be explored to address it.

Said he: “Budget padding is a serious matter and a source of concern for the government. I am really disappointed it is still happening but I can confirm that government is taking every
necessary measure would be explored to address it”.

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