Friday, April 26, 2024

$1bn looted funds recovered in 7 years – FG

The Federal Government has recovered one billion dollars ($1,000,000,000) in seven and a half years since the inception of the President Muhammadu Buhari administration in May 2015 till date.

The Attorney General of the Federation and Minister of Justice, Abubakar Malami, disclosed this on Wednesday after the Federal Executive Council (FEC) meeting presided over by Buhari at the State House.

The AGF noted that the recovered assets, deployed to various sectors of the economy, particularly, to address poverty alleviation, have made huge impact on poverty levels and the nation’s economy.

He stated that as a result of this, FEC has given approval for an anti-corruption strategy document to strengthen the war against corruption in the country.

The AGF also expressed the federal government’s worry over recurrent cases of budget padding, saying that necessary measure would be explored to tackle it.

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