FG Financing Capital Projects From Looted Assets Recovered Abroad – Malami


The Attorney General of the Federation and Minister for Justice, Abubakar Malami SAN, has revealed that the federal government is prudently investing money retrieved from some Nigerians’ looted properties in the country’s capital projects.

Malami made the statement during a two-hour broadcast on Radio Kano in the state capital.

He claimed that President Muhammadu Buhari’s administration has completed several investment projects with seized assets across Nigeria, noting that all have been successful as a result of their measures to intensify the fight against corruption.

As per Malami, Nigeria has retrieved a significant sum of money from Switzerland, which has aided their government much, as well as $311 million dollars from China.

He said: “The money recovered from looted assets, especially those that were kept abroad were used judiciously and are all visible by Nigerians.

“Some of the projects that were carried out from that money include the Kano-Abuja highway, the Lagos-Ibadan expressway, Second Niger Bridge which was abandoned many years ago, and other projects like school feeding programs, the Agricultural inputs supports, N-Power and many others,”

“The fight against corruption has recorded tremendous success also. This administration did not even favour even members of its cabinet whenever found guilty. Many people were convicted on several corruption allegations and nobody intervened to favour or influence the process.

“This has really helped in the recovery of many looted assets and that is what we are using in many of our capital projects.

“It equally helped in the fight against insecurity because that past administration has looted huge amount of money that was meant for the fight against terrorism. But we came and cleared all their mess. So we did what they were not able to do in one year.

“The time we came there were over 17 local governments in the Northeast that were under the control of the Boko Haram terrorists, there were attacks everywhere in the region. But we were able to recover the 17 local governments, restore peace, build houses for IDPs and many more,”

Source: www.GHgossip.com


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