Looting Update: N7b, $10m Recovered From Private Homes

*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.

Share this PostPin ThisShare on TumblrShare on Google PlusEmail This

Comments

  1. nawaooo. God punish all looters!

    ReplyDelete
  2. Hope they won't loot the loot

    ReplyDelete
  3. Whatever 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.

    ReplyDelete
  4. Magu is really working. More grace Sir.

    ReplyDelete
  5. Am very happy that Federal Government anti-corruption crusade is yielding a positive results

    ReplyDelete
  6. Keep striving sir, more grace

    ReplyDelete
  7. This why some people are madly rich in this country

    ReplyDelete
  8. I really think EFCC are doing their best to tackle corruption and looting, kudos

    ReplyDelete
  9. jesus christ! these people bled this country..they must all be caught for this daily light robbery

    ReplyDelete
  10. Hmmmmm no wonder we are in this bad situation

    ReplyDelete
  11. EFCC should not relent, more monies should be recovered from the thiefs........

    ReplyDelete
  12. Wow! c moni wen sum people dey die of hunger daily..

    ReplyDelete
  13. Shouldn't the recovered hard currencies be used to reduce foreign exchange scarcity???

    ReplyDelete
  14. So much corruption in the land.
    Looking forward to the usage of recovered loot for the development of the country

    ReplyDelete
  15. Expose anybody involved stealing our money

    ReplyDelete
  16. Nawa ooo. Corruption everywhere

    ReplyDelete
  17. These toothless bulldog is really working.

    ReplyDelete
  18. The 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

    ReplyDelete
  19. As you can see Buhari regime is trying and I believe these devilish looters are all from previous regime. Sai Buhari

    ReplyDelete
  20. Kudos to our EFCC but am sure there are still more to be recovered.

    ReplyDelete

Post a Comment

Please keep your comments clean always. Thank you!