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Looting Update: N7b, $10m Recovered From Private Homes

*N57.9b and $666.676m recovered so far 
The Federal Government anti-corruption crusade has so far yielded N57b and $US666m, according to Attorney General of the Federation (AGF)/Justice Minister Abubakar Malami (SAN).

Of this amount, N7billion and $10million cash was recovered from private residences of former public officers, the minister said in an update on the fight against looters of our money.

Malami revealed the figures while defending the 2017 Appropriation bill of the ministry before the Senate Committee on Judiciary, Human Rights and Legal Matters at the National Assembly in Abuja.

But he was silent on the identity of the individuals in whose houses the money was recovered.

Malami’s spokesman Salihu Isah also quoted him as saying “$250m found to be proceeds of illegal oil bunkering has been temporarily forfeited to the government; $136.676m is awaiting actual remittance, while $270 FG’s fund has also been recovered from commercial banks.”

Whatever has been recovered so far, including the $9.2m by the EFCC, is just a tip of the iceberg.


*N57.9b and $666.676m recovered so far 
The Federal Government anti-corruption crusade has so far yielded N57b and $US666m, according to Attorney General of the Federation (AGF)/Justice Minister Abubakar Malami (SAN).

Of this amount, N7billion and $10million cash was recovered from private residences of former public officers, the minister said in an update on the fight against looters of our money.

Malami revealed the figures while defending the 2017 Appropriation bill of the ministry before the Senate Committee on Judiciary, Human Rights and Legal Matters at the National Assembly in Abuja.

But he was silent on the identity of the individuals in whose houses the money was recovered.

Malami’s spokesman Salihu Isah also quoted him as saying “$250m found to be proceeds of illegal oil bunkering has been temporarily forfeited to the government; $136.676m is awaiting actual remittance, while $270 FG’s fund has also been recovered from commercial banks.”

Whatever has been recovered so far, including the $9.2m by the EFCC, is just a tip of the iceberg.

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