Looted funds: We Have Recovered One Billion Dollars Since 2015 – Malami

The Attorney General of the Federation and Minister of Justice, Abubakar Malami claims  that the federal government has recovered $1 billion in looted funds since 2015.

Malami Says $1bn Looted Funds Has Been Recovered By FG

Malami disclosed this on Wednesday while briefing state house correspondents after the federal executive council (FEC) meeting at the presidential villa, Abuja.

According to him, the sum of $1 billion have been recovered from stolen funds since the inception of the President Muhammadu Buhari administration till date.

Malami said the recovered funds have been deployed to various sectors of the economy, including poverty alleviation.

He said since the inception of the President Muhammadu Buhari administration in 2015, over 3,000 convictions have been recorded.

The AGF also said the council approved a new anti-corruption strategy document to strengthen the anti-graft fight in the country.

While expressing government’s concern over cases of budget padding, which he described as worrisome, he added that every necessary measure would be explored to address it.

KanyiDaily recalls that the Federal Government had revealed that the $322.5m stolen funds from Gen Sani Abacha between, has been shared to 1.9million poor and vulnerable Nigerians.