Politics
Looters of Nigerian economy have returned over N18billion – FG
Looters of Nigerian economy have returned over N18billion to the coffers of the Federal Government since the coming of the Buhari administration. The recovered monies comprise of N15billion and $10.5million.
The claim was made Thursday in Abuja by the Attorney-General of the Federation and Minister of Justice (AGF), Mr Abubakar Malami when the Senate Committee on Judiciary, Human Rights and Legal Matters visited the ministry on its oversight function to appraise the 2016 budget performance of the ministry.
Addressing the visiting legislators, he said, “Let me put it on record that the Federal Ministry of Justice has equally significantly recorded success in the recovery drive as it relates to the looted funds.
“In that regard and direction, over N15bn has been recovered by the ministry and $10.5m was equally recovered in that direction.”
He enumerated the critical roles of his Ministry to include, “The anti-corruption campaign, the recovery of stolen national assets, the rule of law component of the anti-terrorism war and the institutionalisation of law and order in all aspects of national life.”
Offering reasons for Nigeria’s non-membership of the Financial Action Task Force, Malami explained that it will take the collaboration of both the executive and the legislature to scale all the hurdles.
Read also: NIGER DELTA: Clarke’s group trusts FG to adopt 16-point agenda
“Among some of the demands required to become a member are the passing of the Money Laundering Act, Proceeds of Crime Act and Autonomy of the Financial Task Force.
“All these bills are still pending before the legislature and have not been passed, so we need to work together to get Nigeria registered,” he said.
The Chairman of the Committee, Sen. David Umaru (APC-Niger) said the 2016 budget was fraught with challenges but noted that the ministry and its parastatals was able to make judicious use of it.
Under Malami, the anti-corruption war which is central to the promises of the ruling APC government has received plenty of knocks for style of prosecution of cases and respect for the rule of law. Most prominent of these is the on-going trials former National Security Adviser (NSA), Dasuki, and two Supreme Court justices, Ademola and Ngwuli.
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JOHNSON PETER
January 27, 2017 at 9:37 am
All I want is for them to pass a law of death penalty for anyone found wanting of any corrupt practices or money laundering. If this is done, corruption will reduce drastically in Nigeria as no one is ready to die no matter what . That will checkmate our greedy politicians especially our senators too.
yanju omotodun
January 27, 2017 at 3:46 pm
Death penalty for corrupt people kwa! Not in Nigeria. No lawmaker will sponsor such bill and if definitely one of them is moved to present such bill, the bill won’t go beyond 1st reading. Nigeria is not china.
Roland Uchendu Pele
January 27, 2017 at 10:37 am
It is one thing to recover a loot, it’s another to keep the loot in good use for the Nation. The question we should be asking via our representatives is, ‘what have we used the recovered funds to do?’
Animashaun Ayodeji
January 27, 2017 at 10:59 am
The federal government has been using the money to treat president Buhari who’s currently lying sick in London. That’s an achievement to this government too
Balarabe musa
January 27, 2017 at 12:33 pm
You are a fool for saying that. Who told you that he is sick? Baba buhari is sound and sane. Say something else meaningful.
Joy Madu
January 27, 2017 at 11:21 pm
His not a fool but he follow according to the report that buhari is sick. If buhari was not sick let him show himself and stop course problem
Johnson Amadi
January 27, 2017 at 10:48 am
Who are the people who returned all these monies to FG? How and when did they returned over N18bn to the federal government? all these questions are seriously begging for answers.
Margret Dickson
January 27, 2017 at 2:55 pm
If all you want is the full details of the money, don’t expect any word from the federal government concerning this. By the time they start providing answers and release names of the looters, there’ll likely be commotion in the society.
chichi emerue
January 27, 2017 at 11:26 pm
And i believe buhari should give us the answer to the money
kumi
January 27, 2017 at 12:10 pm
what is over is that a figure give us the full figure please thiefs