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

According to Abubakar Malami, Attorney General of the Federation (AGF) and Minister of Justice, Nigeria has recovered funds stashed abroad by dishonest government officials, including £6.3 million, €5.4 million, and $390,000.

On January 12, during a ministerial scorecard of the Justice Sector from 2015 to the present, Malami made this statement.

According to him, the Ministry has recovered sums totaling $390,000,000 (three hundred and ninety million dollars), £5,494,743.71 (five million, four hundred and ninety-four thousand, seven hundred and forty-three euro, seventy-one cents), and £6,324,627.66 (six million, three hundred and twenty-four thousand, six hundred and twenty-seven pounds, and sixty-six pence) from a variety of 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.

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