Malami: Nigeria recovered N3.2bn loot within a year
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has said Nigeria has recovered over N3.2bn (£6,324,627.66) of stolen monies from various jurisdictions globally from March 2021 to May 2022. He said this Thursday while featuring at the 46th Session of the State House Briefing organised by the Presidential Communications Team at the […]
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has said Nigeria has recovered over N3.2bn (£6,324,627.66) of stolen monies from various jurisdictions globally from March 2021 to May 2022.
He said this Thursday while featuring at the 46th Session of the State House Briefing organised by the Presidential Communications Team at the Presidential Villa, Abuja.
Man drags Buhari, Malami, others to court, wants NYSC scrapped over insecurity
Why whistleblowing policy is not working — Malami
He said the recovered foreign loots had since been disbursed into key infrastructure projects nationwide, including the Second Niger Bridge, Abuja-Kano Road and the Lagos-Ibadan expressway.
The minister also said the federal government raised N1.82bn from the sale of bid forms and actual sale of forfeited properties in the first 18 months of the Muhammadu Buhari administration.
Malami, who said the Justice Ministry had backed the federal government in various infrastructure funding agreements, regretted that Nigeria currently faces a N329bn funding gap.
The AGF added that an inter-ministerial committee on the audit and recovery of back years on stamp duty had so far recovered N596,055,479.47.