• Home
  • Featured
  • FG recovers £6.3m, €5.4m and $390,000 of its assets in foreign countries
Featured

FG recovers £6.3m, €5.4m and $390,000 of its assets in foreign countries

The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami has said that Nigeria recovered £6.3m, €5.4, and $390,000 of its assets stowed by corrupt government officials in foreign accounts.

Malami made this known on Thursday, Jan. 12, during a ministerial scorecard of the Justice Sector from 2015 till date.

He said: “In compliance with presidential mandates and foreign judicial processes, the Ministry has recovered total sums of £6,324,627.66 (Six Million, Three Hundred & Twenty-Four Thousand, Six Hundred & Twenty Seven Pounds, Sixty-Six Pence); €5,494,743.71 (Five Million, Four Hundred and Ninety-Four thousand, Seven Hundred and Forty-Three Euro, Seventy-One Cents); and $390,000,000 (Three Hundred and Ninety Million dollars) from various jurisdictions.

“Some of the recovered funds are being utilized in the financing of critical infrastructure including Abuja – Kano Expressway, Second Niger Bridge, and Lagos – Ibadan Expressway.”

The minister also said the Buhari administration realised a sum of N1.8bn locally from the sale of forfeited assets between 2015 till date.

“A total sum of N1,823,788,146.86 (One Billion, Eight Hundred and Twenty Three Million, Seven Hundred & Eighty-Eight Thousand, One Hundred and Forty-Six Thousand naira, Eighty-Six kobo) has been generated so far by the Ministry, from the forfeited properties,” he said.

Related posts

FG adds new tax on telephone calls

theKorrespondent

Nigerians groan as fuel scarcity spreads nationwide

theKorrespondent

NICOT HOLDS END OF YEAR GET TOGETHER AND AWARD NIGHT (PHOTOS)

theKorrespondent

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More