Headline$1b Looted Funds Recovered Since 2015 ― FG

$1b Looted Funds Recovered Since 2015 ― FG


November 23, (THEWILL) – The Federal Government on Wednesday said a total of $1 billion in looted funds has been recovered by the Muhammadu Buhari-led administration in the last seven and a half years.

Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, made this known while addressing newsmen after the weekly Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari, at the State House, Abuja.

Malami said the recovered loot had been deployed in various sectors of the economy including poverty alleviation.

The AGF also announced the council approved a new Anti-corruption Strategy Document to strengthen the anti-graft fight in the country.

He 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.

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