Home » FG Has Recovered $1bn Looted Funds Since 2015

FG Has Recovered $1bn Looted Funds Since 2015

Buhari Govt Will Take Action Against Terrorism Financiers Soon - Malami

The Federal Government has said $1 billion in looted funds have been recovered so far by the administration of President Muhammadu Buhari.

The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, made this known while briefing State House correspondents after the Federal Executive Council (FEC) meeting at the State House in Abuja on Wednesday.

Malami disclosed that the recovered funds have been deployed to various sectors of the economy, including poverty alleviation.

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

The minister also said the council approved a new anti-corruption strategy document to strengthen the anti-graft fight in the country.

Malami expressed government’s concern over cases of budget padding, stressing that every necessary measure would be explored to address it.

A former Secretary to the Government of the Federation, Babachir Lawal, has backed the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar.

In an interview with the BBC on Wednesday, Lawal disclosed that he is no longer supporting the APC presidential candidate, Bola Ahmed Tinubu, for the Presidency in 2023.

The former SGF claimed that the opposition PDP had a discussion with the All Progressives Congress (APC) Christian leaders and the opposition party agreed to their demands.

He added that the Labour Party also tried to convince him and other aggrieved members to work for the party, but decided to support Atiku and the PDP.

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