Feb 26, 2017 – Nigeria Has Recovered N58Billion & $667 Million US Dollars From Corrupt Politicians Under Buhari Administration
Justice Minister Revealed The Total Sum Of Money Buhari Government Recovered From Corrupt Nigerian Politicians & Companies.
Minister of Justice and the Attorney General of the Federation, Abubakar Malami (SAN), has revealed that his ministry has so far recovered N57.9 billion as well as $US666.676 from corporate organisations and corrupt individuals in the country.
Highlights of the recovery showed that the sum of N50 billion was the fine paid by MTN Telecommunication Company; N7 billion and $10 million dollars was recovered from private residences, while N40 million and N50 million were voluntarily returned. The sum of $250 million under interim forfeiture was recovered as alleged proceeds of oil bunkering. Also, $136.676 million awaiting actual remittance and $270 million were recovered from the commercial banks.
The Minister made these disclosures in Abuja while defending the 2017 Appropriation bill of the Federal Ministry of Justice before the Senate Committee on Judiciary, Human Rights and Legal Matters at the National Assembly Complex last Thursday. Malami, however, lamented that his ministry operated without a budget in 2016.
His Special Adviser on Media and Publicity, Comrade Salihu Othman Isah, in a statement, quoted the Minister as saying:
“Our budgetary proposal of N18, 528,093,480.00 was not appropriated thereby compelling the Ministry to operate on a zero capital budget.”
According to Isah, the AGF expressed satisfaction with the achievements recorded by the Ministry as a result of the recoveries, which resulted in increased revenue for the Federal Government.
The budget framework, which the Minister defended, shows that the ministry’s budgetary allocation received a boost as against the 2016 appropriation. The budget document showed that the total sum of N6,914,774,768.00 was earmarked for the Ministry in the 2017 budget appropriation as against N3, 921,612,815 in 2016.
Members of the committee chaired by Senator David Umaru representing Niger East Senatorial District, expressed satisfaction with the budget presentation and unanimously applauded the recoveries made by the ministry of Justice.
[Credit: Sunday Sun]
What are they up to with the recovery?
That’s quite commendable ! Our anti graft agencies still need to redouble their effort in recovering our stolen money. However, this good work could become a thing of condemnation if those recovered loots are not properly used for the welfare of Nigerian citizens. Transparency and proper use of the recovered loots in key areas of our economy is what we nigerians are clamoring for. We want to feel the impact and not just a mere announcement on the pages of newspapers. We want to see the full benefit of the anti graft war against corruption the administration has made as a priority over other important issues confronting our nation. We are waiting to see how it goes.
Is that all? You can do more keep up the good work!
thats is a good news, then why is Goverment borrowing money if we have this huge amount in our possessions.
Story for the gods o
I believe ! The heap of cash pictured actually look old and dirty enough to be the recovered but unused money that has been quietly gathering dust in the archives since recovery!
yet Nigrians are dieing for hungry.
where is the recovered money going to ?
Yet it does show any form of improvement on the economy