Just In: FG Recovers $1billion Looted Funds – Malami - Mc Ebisco
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Just in: FG recovers $1billion looted funds – Malami

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami said the current administration has so far recovered about $1 billion looted funds from 2015 till date, giving hint on documents containing Federal Government FG’s new strategy to tackle corruption .

Malami disclosed this while briefing State House Correspondents after the week’s Federal Executive Council (FEC) meeting presided over by President Buhari at the Presidential Villa, Abuja.

The AGF disclosed that the Council has approved a new Anti-corruption Strategy Document to strengthen anti-graft campaigns in the country.

He said the recovered assets had been deployed to various sectors of the economy including poverty alleviation.

Malami also expressed the government’s concern over cases of budget padding, which he described as worrisome, noting that every necessary measure would be explored to address it.

Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, in her briefing blamed the Minister of Finance, Budget and National Planning, Zainab Ahmed, for adding N206bn to the Humanitarian Affairs Ministry’s budget.

While appearing before the Senate Committee on Special Duties on Monday, to defend the 2023 Budget, Farouq had claimed that the Ministry requested some projects for the North East Development Commission and the National Social Safety Net Project in the 2022 budget, which were not released but was surprised to see an inflated amount in the 2023 budget of the ministry.

The Minister of Defense, Maj. Gen Bashir Magashi (rted), told the Senate that Ahmed inserted a total of N11 billion into his Ministry’s 2023 budget.

More later Shortly…