Anti-Corruption: FG Recovers N200bn

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As part of successes of the President Muhammadu Buhari's administration in the fight against corruption, the Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN) on Thursday said the Federal Government has so far recovered in excess of N200 billion in final forfeiture in its anti-corruption fight.

 

Malami disclosed this in Abuja at a Special Town Hall Meeting on “Fight against Corruption”, organized by the Ministry of Information and Culture.

The minister, who was represented by Mr Abiodun Ayodeji, Special Adviser to the President on Financial Crimes, said that there were other recoveries that were still in the interim.

He listed the recoveries to include, the 325 million dollars Abacha loot and 75 million dollars connected to the Malabu oil transaction.

The minister said that the recovery was significant considering the effects of corruption on the country. Malami said that the government was able to achieve the feat following the implementation of the Nigeria Anti-Corruption Strategy set up by the ministry and endorsed by the Federal Executive Council in July 2017.

He said that the strategy rested on five pillars; Prevention of Corruption, Enforcement of Sanction, Public Enlightenment, Campaign for Ethical Reorientation and Recovery of Stolen Fund.

On his part, the Chairman of Code of Conduct Bureau, Muhammed Isah, revealed that the bureau, between November 2018 and now has investigated 160 cases of corruption to the tune of N40 billion.

He said that from the 160 investigated cases, 75 had been filed before the Code of Conduct Tribunal for trial.

Isah also noted that from the 14 code of conduct for public officers, the most talked about are the Asset Declaration.