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Buhari’s Minister reveals amount recovered from anti-corruption war.

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    The Attorney General of the Federation and
Minister of Justice, Abubakar Malami (SAN),
says the Federal Government has so far
recovered in excess of N200 billion in final
forfeiture in its anti-corruption fight.
Malami disclosed this on Thursday in Abuja at
a Special Town Hall Meeting on “Fight Against
Corruption”, organised 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, NAN reports.
“We have recovered in excess of 200 billion
in final forfeiture and there are recoveries
still in the interim than cannot be dealt with.
“The money we have earned for the federal
government in the process of the anti-
corruption war is in the excess of N200
billion.
“Notable among the recoveries is the 325
million dollar Abacha loot and 75 million dollar
connected to the Malabu oil transaction,’’ he
said.
The minister said that the recovery was
significant considering the effects of
corruption on the country.
“Nigeria has earned in excess of 650 billion
dollar from oil in revenue but bulk of the funds
is either stolen or mismanaged.
“NEITI recently said that in the last 10 years,
40 billion dollar was stolen due to oil theft
alone.
“These have left us with infrastructure that is
grossly inadequate to support modern
economy.
“It is, therefore, so real that if we do not kill
corruption, the menace will kill us, hence the
administration is focusing on war against
corruption,’’ he said.
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.
Malami said that corruption prevention was
being achieved by deliberate implementation
of policies like the BVN for banking system,
Integrated Payroll and Personnel Information
System, and Treasury Single Account.
He said that government had been able to
enforce sanctions against politically exposed
persons which were, hitherto, untouchable.
The minister said that the government had
engaged on public enlightenment against
corruption like the town hall meeting, adding
that the Presidential Executive Order No. 6
signed in 2018 and the effective
implementation of the Criminal Justice Act
had helped in the successful fight against
corruption.
Malami said that the government planned to
do more by leveraging on technology in the
fight against the menace.
Speaking in the same vein, the Chairman of
Code of Conduct Bureau, Muhammed Isah,
said that the bureau, from November 2018 till
date, had 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 is Asset Declaration.

https://dailypost.ng/2019/11/07/buharis-minister-reveals-amount-recovered-from-anti-corruption-war/

 
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