*N57.9b and $666.676m recovered so far
The Federal Government anti-corruption crusade has so far yielded N57b and $US666m, according to Attorney General of the Federation (AGF)/Justice Minister Abubakar Malami (SAN).
Of this amount, N7billion and $10million cash was recovered from private residences of former public officers, the minister said in an update on the fight against looters of our money.
Malami revealed the figures while defending the 2017 Appropriation bill of the ministry before the Senate Committee on Judiciary, Human Rights and Legal Matters at the National Assembly in Abuja.
But he was silent on the identity of the individuals in whose houses the money was recovered.
Malami’s spokesman Salihu Isah also quoted him as saying “$250m found to be proceeds of illegal oil bunkering has been temporarily forfeited to the government; $136.676m is awaiting actual remittance, while $270 FG’s fund has also been recovered from commercial banks.”
Whatever has been recovered so far, including the $9.2m by the EFCC, is just a tip of the iceberg.
The Federal Government anti-corruption crusade has so far yielded N57b and $US666m, according to Attorney General of the Federation (AGF)/Justice Minister Abubakar Malami (SAN).
Of this amount, N7billion and $10million cash was recovered from private residences of former public officers, the minister said in an update on the fight against looters of our money.
Malami revealed the figures while defending the 2017 Appropriation bill of the ministry before the Senate Committee on Judiciary, Human Rights and Legal Matters at the National Assembly in Abuja.
But he was silent on the identity of the individuals in whose houses the money was recovered.
Malami’s spokesman Salihu Isah also quoted him as saying “$250m found to be proceeds of illegal oil bunkering has been temporarily forfeited to the government; $136.676m is awaiting actual remittance, while $270 FG’s fund has also been recovered from commercial banks.”
Whatever has been recovered so far, including the $9.2m by the EFCC, is just a tip of the iceberg.







Welldone EFCC
ReplyDeletenawaooo. God punish all looters!
ReplyDeleteHope they won't loot the loot
ReplyDeleteWhatever has been recovered...........................so far is just tip of the icerberg? Honestly you are right! In my own opinion about the looters & the loots its just like " the more you look, the less you see.
ReplyDeleteMagu is really working. More grace Sir.
ReplyDeleteAm very happy that Federal Government anti-corruption crusade is yielding a positive results
ReplyDeleteKeep striving sir, more grace
ReplyDeleteThis why some people are madly rich in this country
ReplyDeleteHmmmmmmm
ReplyDeleteI really think EFCC are doing their best to tackle corruption and looting, kudos
ReplyDeletejesus christ! these people bled this country..they must all be caught for this daily light robbery
ReplyDeleteHmmmmm no wonder we are in this bad situation
ReplyDeleteEFCC should not relent, more monies should be recovered from the thiefs........
ReplyDeleteWow! c moni wen sum people dey die of hunger daily..
ReplyDeleteShouldn't the recovered hard currencies be used to reduce foreign exchange scarcity???
ReplyDeleteSo much corruption in the land.
ReplyDeleteLooking forward to the usage of recovered loot for the development of the country
Expose anybody involved stealing our money
ReplyDeleteNawa ooo. Corruption everywhere
ReplyDeleteThese toothless bulldog is really working.
ReplyDeleteThe previous government of three decades are very corrupt they were busy looking they don't even allow the EFCC to do their work and they call them selves cabal without them no Nigeria All this people should not be allowed to advise the young politicians thank you
ReplyDeleteAs you can see Buhari regime is trying and I believe these devilish looters are all from previous regime. Sai Buhari
ReplyDeleteKudos to our EFCC but am sure there are still more to be recovered.
ReplyDeleteKudos to EFCC.
ReplyDeleteBrunch of criminals
ReplyDelete