1.8bn gotten from sale of forfeited asset – Malami
Abubakar Malami(SAN), the Attorney-General of the Federation and Minister of Justice, has stated that the Federal Government got a total of N1, 823,788.146.86 from forfeited assets.
Malami also said $641million recovered loot from the late military dictator, Gen. Sani Abacha has been used for social investment and development of critical infrastructure.
He explained that $319million out of the $641million was spent on the Lagos-Ibadan Expressway, the Second Niger Bridge and Abuja-Kano Highway.
He said 3,000 cases of terrorism were profiled, 1,500 prosecuted and 397 convicted.
Malami, who gave the breakdown in a presentation at the PMB Administration Scorecard in Abuja, said the government has defended international cases to avoid liabilities running into billions of US dollars.
He said: “In line with the cardinal principle of the present administration in the fight against corruption, a total sum of N1, 823,788.146.86 has been generated from forfeited properties.
” A total sum £6,324.627.66, €5,494,743.71 and $490,000,000 realised from various jurisdictions from 2021 to date.
“Some of the recovered funds are being used on the financing of critical infrastructure. including Lagos-Ibadan Expressway, the Second Niger Bridge and Abuja-Kano Highway.”
“We have saved the government from huge judgment debt liabilities to the tune of over N142bilion and over $507million,” he added
However, he stated that Buhari administration has succeeded in addressing mounting judgment debts.
