The Federal Government has said that Nigeria recovered £6.3m, €5.4, and $390,000 of its assets stowed by corrupt government officials in foreign nests.
Abubakar Malami, the Attorney General of the Federation (AGF) and Minister of Justice, announced this on Thursday during a ministerial scorecard of the Justice Sector from 2015 to date.
He stated that a portion of the recovered funds were used to rebuild the Abuja-Kano Expressway, the Lagos-Ibadan Expressway, and the Second Niger Bridge in the South-East.
“In compliance with presidential mandates and foreign judicial processes, the Ministry has recovered total sums of £6,324,627.66 (Six Million, Three Hundred & Twenty-Four Thousand, Six Hundred & Twenty Seven Pounds, Sixty-Six Pence); €5,494,743.71 (Five Million, Four Hundred and Ninety-Four thousand, Seven Hundred and Forty-Three Euro, Seventy-One Cents); and $390,000,000 (Three Hundred and Ninety Million dollars) from various jurisdictions.
“Some of the recovered funds are being utilized in the financing of critical infrastructure including Abuja – Kano Expressway, Second Niger Bridge, and Lagos – Ibadan Expressway,” he said.
The minister also said the administration of President Muhammadu Buhari realised a sum of N1.8bn locally from the sale of forfeited assets between 2015 till date.
“A total sum of N1,823,788,146.86 (One Billion, Eight Hundred and Twenty Three Million, Seven Hundred & Eighty-Eight Thousand, One Hundred and Forty-Six Thousand naira, Eighty-Six kobo) has been generated so far by the Ministry, from the forfeited properties,” Malami said.