WE’VE RECOVERED $1BN LOOTED FUNDS SINCE 2015 —FG

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The Federal Government said yesterday it has recovered $1 billion, being looted funds, since the inception of President Muhammadu Buhari’s administration till date.

The Attorney General of the Federation, AGF, and Minister of Justice, Abubakar Malami, disclosed this while briefing State House correspondents at the end of the weekly Federal Executive Council, FEC, meeting presided over by President Buhari at the Council Chamber,

Presidential Villa, Abuja, affirmed that the recovered assets had been deployed to various sectors of the economy, including poverty alleviation.

The AGF, while revealing that the preceding government recorded only 109 convictions before 2015, said the Buhari administration has convicted over 3,000 offenders and recovered about $1b to date.

He expressed the government’s concern over sundry cases of budget padding, describing the development as worrisome.

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