ANTI-CORRUPTION: FG Recovers $63.5b In 12 months

Attorney-General of the Federation (AGF) and Minister of Justice Abubakar Malami (SAN) says the Federal Government’s anti-corruption efforts has yielded about $63.5 billion within a year.

Malami mad ethe claim while presenting the achievements of his ministry between May 29, 2019 and July 28, 2020 in Abuja on Tuesday.

The AGF boasted that his ministry has saved the country about N2.1b and $800 milling within the same period from the successful handling of about 80 cases in the federal and state high courts as well as the Community Court of the Economic Community of West African States (ECOWAS).

Malami noted that in the fight against corruption, $62 billion was recovered as arrears of taxes from oil companies; about $1 billion (from OPL 245 – Malabu); $311 million (from Abacha loot III) and $6.3 million (from Abacha loot IV).

He added that Nigeria, also within the period, made N685,784,757.09 from the “whistle blower recovery” (which has been paid into the Federal Government Asset Recovery Account) and N500 million (from the disposal of forfeited vessels, trucks and barges (which has also been paid into the  dedicated account).

Listing the many reforms brought about in the justice sector by his ministry and agencies under it, Malami further disclosed that Nigeria was expecting $200 million from The Netherlands and Switzerland.


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