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FG To Release List Of Looted Funds This Week

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The Federal Government will release the list of looted funds before the end of the week. This was disclosed yesterday by the minister of information and culture, Lai Mohammed.

The minister said the list won’t disclose the names of those who the funds were recovered from. He said this during the conversation a live studio Programme aired on Channels television to examine the journey of the President Muhammadu Buhari led government in the last one year.

“Nigerians will get the amount recovered by the end of the week, but for legal reasons, we will not reveal the names ” Mohammed said. He was speaking alongside the Minister of Finance Kemi Adeosun, Chairman Presidential Advisory Committee on Anti Corruption, Itsey Sagay and the Director of Army Public Relations, Sani Usman.

President Buhari in had in his Democracy Day broadcast earlier in the day promised that the Ministry of Information and Culture would publish the details which he said would be updated periodically. “The processes of recovery can be tedious and time consuming, but today I can confirm that thus far: significant amount of assets have been recovered. A considerable portion of these are at different stages of recovery.

“Full details of the status and categories of the assets will now be published by the Ministry of Information and updated periodically.

“When forfeiture formalities are completed these monies will be credited to the treasury and be openly and transparently used in funding developmental projects and the public will be informed” Buhari said Sunday morning.

Buhari had in an interview in London while attending the anti-corruption summit organised by British Prime Minister, David Cameron, promised to disclose the figure of loots so far recovered, in his Democracy Day address to the nation.

Meanwhile the Senior Special Assistant to the President (Media) Garba Shehu took to his Twitter handle to reiterate that the list should be ready between Wednesday and Thursday. He said it will include records “obtained from the CBN and the investigation agencies regarding recovery and seizures” containing “actual status with regard to frozen sums in banks and assets held wherever they are”.

 

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Akin Akingbala is an international journalist based in Lagos, Nigeria. Aside being happily married, he has interests in music, sports and loves traveling.

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