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Nigeria Recovers N3.2 Billion In 14 Months From Foreign Loot

Nigeria Recovers N3.2 Billion In 14 Months From Foreign Loot

Nigeria Recovers N3.2 Billion In 14 Months From Foreign Loot

Nigeria Recovers N3.2 Billion In 14 Months From Foreign Loot

From March 2021 to May 2022, the federal government recovered nearly N3.2 billion (£6,324,627.66) in stolen funds from various countries throughout the world.

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This is because in the first 18 months of the Buhari administration, it made a total of N1.82 billion from the sale of bid forms and the actual sale of seized properties.

Abubakar Malami, the Attorney-General of the Federation and Minister of Justice, revealed these to the media on Thursday during the 46th State House Briefing, which was held at the Aso Rock Villa in Abuja and was hosted by the Presidential Communications Team.

Nigeria Recovers N3.2 Billion In 14 Months From Foreign Loot

According to him, the recovered foreign loots have since been disbursed into key infrastructure projects nationwide.

They include the Second Niger Bridge, Abuja-Kano Road and the Lagos-Ibadan expressway.

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The AGF who noted that the Justice Ministry has supported the Federal Government in various infrastructure funding agreements, lamented that the country currently grapples with a N329bn funding gap.

Malami also explained that an inter-ministerial committee on the audit and recovery of back years on stamp duty has so far recovered N596,055,479.47.


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