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HomeTop NewsGovernors want shares of N2.3 trln recovered loots, drag Buhari to Supreme...

Governors want shares of N2.3 trln recovered loots, drag Buhari to Supreme Court

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The 36 state governors under their umbrella body, the Nigeria Governors’ Forum (NGF) have dragged the federal government to the Supreme Court to account for the recovered loots so far.

The governors are asking the Supreme Court to, among others, compel the central government to account for about N2.28 trillion (both in cash and assets) so far recovered from looters and suspects since 2015 under the present administration of President Mohammadu Buhari.

They claimed that between 2015 and now, the government had recovered about N1.8 trillion in cash and about N450 billion worth of non-cash assets, alleging that it diverted same into the Consolidated Revenue Accounts (CRA) and other accounts not recognised by the constitution, as against the Federation Account (FA), as required.

The plaintiffs, in the suit marked: SCN/CV/393/2021 filed by a legal team, which include Femi Falana, want the court to compel the Federal Government to give detailed account of the recovered assets and remit same into the federation account.

They also want the Revenue Mobilisation and Fiscal Commission (RMFAC) to design modalities for distributing the recovered loot among the federating units.

Listed as the sole defendant in the suit filed on June 16, is the Attorney-General of the Federation (AGF).

However, in a reaction to the NGF suit, the AGF said the states were on a wild goose chase.

In a statement on Tuesday, the AGF stated that the recovered loot, both domestic and international, are not governed by local laws.

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