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HomeTop NewsNigeria recovers $1 bln looted funds since 2015 ~AGF

Nigeria recovers $1 bln looted funds since 2015 ~AGF

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Nigeria recovered a total of one billion dollars from looted funds stacked away by public officials since the inception of the President Muhammadu Buhari administration in May 2015 till date.

The Attorney General of the Federation and Minister of Justice, Abubakar Malami disclosed this on Wednesday after the Federal Executive Council (FEC) meeting presided over by Buhari at the State House.

He said since the inception of the President Muhammadu Buhari administration in 2015, over 3,000 convictions have been recorded.

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The AGF noted that the recovered assets, deployed to various sectors of the economy particularly to address poverty alleviation, has made huge impact on poverty levels and the nation’s economy.

Against this backdrop, he declared that the Council has given approval for an anti-corruption strategy document to strengthen the anti-graft fight in the country.

In the same vein, the AGF expressed the Federal government’s worry over recurrent cases of budget padding, asserting that necessary measures would be explored to tackle it.

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