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Anti-corruption: FG recovers N58b, $700m from looters

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…Nneoma Ndibe

The Federal Government has recovered almost N58 billion and $700 million respectively from looters through the ongoing anti-corruption war.

The Attorney General of the Federation (AGF).and Minister of Justice, Mr. Abubakar Malami, disclosed this on Friday, while defending the ministry’s 2017 Appropriation bill before the Senate Committee on Judiciary, Human Rights and Legal Matters.

 

Malami said that Ministry of Justice recovered the money in collaboration with the anti-corruption agencies in the country.

 

He said: “N50 billion was the fine paid by MTN company while N7 billion and $10 Million US Dollars was recovered from private residence.

 

“Aside some money voluntarily returned, $250 million under interim forfeiture was alleged proceeds of oil bunkering and also $136.676 million awaiting actual remittance and $270 Million was government fund recovered from commercial banks.”

 

The Minister however, told the Senate Committee that the ministry operated through 2016 without capital budget.

 

“Our budgetary proposal of N18, 528,093,480.00 was not appropriated thereby compelling the Ministry to operate on a zero capital budget,” he said.

 

But said that Ministry was still able to record what he described as “uncommon achievements” as a result of the recoveries made which culminated to increased revenue of the Federal government.

 

“I am happy to state however, that we as a Ministry recorded modest achievements in the act of contributing to the revenue generation of the Federal Government notwithstanding the zero capital budgets,”Malami said.

 

Against this backdrop, the minister underscored the need for additional funding given the enormous additional responsibilities arising from the passage of the Administration of Criminal Justice Act (ACJA) 2015.

 

In his response to Senator Ovie Omo-Agege, representing Delta West, on payment of outstanding judgment debts, the Minister explained that he was conscious and perturbed.

 

“Efforts are on-going to offset the outstanding and probably abate future debts.’’


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