The Federal Government has announced that it has made a recovery of one billion dollars ($1,000,000,000) since the inception of the President Muhammadu Buhari administration till date.
The Attorney General of the Federation and Minister of Justice, Abubakar Malami, disclosed this on Wednesday after the Federal executive council (FEC) meeting presided over by President Buhari at the State House.
The AGF noted that the recovered assets, deployed to various sectors of the economy particularly to address poverty alleviation, has made huge impact on poverty levels and the nations economy.
“Looted funds recovered by the administration both locally and from foreign governments in the last few years amounts to over $1billion.
“The first $322 million dollars recovered by the administration was exclusively deployed for social intervention programmes like Npower, market money, school feeding programmes among others,”he said
Malami also disclosed that the Federal Executive Council meeting presided over by President Muhammadu Buhari has approved a review of the national anti-corruption policy of the federal government, extending it from year 2022 to 2026.
The review and extension, according to the Minister of Justice and Attorney General of the Federation, Abubakar Malami on Wednesday, became necessary, following successes recorded by the administration in its anti-corruption drive.
Malami revealed the anti corruption agencies have been able to secure convictions on behalf of the government in Courts to the tune of over 3000.
He said bulk of the convictions were secured between 2015 till date, when the All Progressive Congress administration took over the mantle of leadership.
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“We think the anti corruption policy of the Muhammadu Buhari administration has been largely successful because we have secured over 3000 convictions as of the year 2022. From mere 109 convictions we have gotten over 3000 convictions which is the major reason we decided to extend the policy from 2022 to 2026,” he stated.
The Attorney General expressed the Federal government’s worry over recurrent cases of budget padding, asserting that necessary measure would be explored to tackle it.
One of the promises by President Muhammadu Buhari in 2014 was to wage war against corruption in the country.
“If we don’t fight corruption in the country, corruption will fight us,” President Buhari had said during his electioneering campaign in 2014