We Have Recovered $1 Billion Looted Funds- AGF Malami


The Attorney-General and Minister of Justice, Abubakar Malami, has revealed that the President, Major General Muhammadu Buhari-led regime has so far recovered about $1 billion looted funds from 2015 to 2022.

Malami disclosed this at the Presidential Villa, Abuja while briefing the State House Correspondent after the week’s Federal Executive Council meeting on Wednesday.

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

“Between 2015 to 2022, our administration has recovered about $1 billion looted funds from different quarters.”

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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.

In an effort to revamp the image of the Naira, and tackle corruption, the federal government launched the newly redesigned Naira notes today.

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele was in attendance during the unveiling ceremony. Meanwhile, at a briefing after the ceremony before the Federal executive council meeting, the CBN governor debunked insinuations that the early unveiling of new notes is a means to target any Nigerian.

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Mr. Emefiele appealed to members of the public that there is no need to perpetuate any such information. According to him, the CBN will intensify the monitoring process and interrogate the process of withdrawal.

Malami

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Photo Credit: Getty



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