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1 month ago
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- Attorney General Lateef Fagbemi denied claims that Nigeria recovered $967.5 cardinal successful stolen funds, clarifying the existent fig recovered is $105.9 million
- In 2024, the EFCC recovered implicit N248 billion, $105 million, and 753 lodging units, portion the ICPC recovered N29.685 cardinal and astir $1 cardinal successful assets
- Fagbemi urged media to close mendacious reports and highlighted that recovered funds person supported large infrastructure, healthcare, renewable energy, and anti-corruption initiatives
FCT, Abuja - The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, has denied reports claiming the Federal Government recovered $967.5 cardinal successful stolen funds.
Speaking astatine the Asset Recovery Summit successful Abuja connected Tuesday, Fagbemi stated that the existent figures are overmuch little but stay significant.
Source: Twitter
In a connection signed and released connected Friday, helium clarified, “Contrary to the claims, $105.9 cardinal was recovered, not $967.5 billion.”
Significant recoveries made by EFCC and ICPC successful 2024
Fagbemi highlighted that successful 2024 alone, the Economic and Financial Crimes Commission (EFCC) reclaimed implicit N248 billion, $105 million, and 753 duplexes.
Meanwhile, the Independent Corrupt Practices Commission (ICPC) recovered N29.685 cardinal successful currency and $966,900 successful assets.
He added that from 2017 to date, Nigeria has collaborated with planetary partners to retrieve astir $763.7 cardinal and £6.47 million.
Of this amount, astir $102.88 cardinal and £2.06 cardinal were recovered successful 2024.
AGF urges correction of mendacious media reports
The Attorney General called connected media organisations that published the erroneous $967.5 cardinal fig to close their reports, emphasising,
“The fig quoted by the writers is mendacious and wholly astatine variance from my remarks.”He commended the government’s transparency and stressed that recovered funds are channelled into captious projects.
“From 2017 to 2024, recovered funds helped money captious infrastructure similar the Lagos-Ibadan Expressway, the Second Niger Bridge, and the Abuja-Kano Road,” Fagbemi said.He besides noted that the funds enactment healthcare services, renewable energy projects, and regularisation of instrumentality initiatives crossed Nigeria.
Asset betterment remains captious successful warring corruption
Source: Facebook
Fagbemi concluded,
“Asset betterment is cardinal to warring corruption and gathering spot successful government. Nigeria has earned planetary designation for its efforts, and we volition proceed to prosecute transparency and justice.”Court takes enactment connected EFCC's lawsuit Vs Fayose
Legit.ng earlier reported that The national precocious tribunal successful Lagos has reserved ruling on the no-case submission filed by Ayodele Fayose, a salient erstwhile politician of Ekiti state. As reported connected Tuesday, May 20, by Channels Television, the tribunal took enactment successful Fayose's proceedings implicit alleged wealth laundering and theft totalling N6.9 billion.
Fayose, an unfastened protagonist of President Bola Tinubu, was archetypal arraigned connected October 22. 2018, earlier Justice Mojisola Olatoregun.
The ex-governor was arraigned alongside his company, Spotless Investment Limited, connected 11 counts bordering connected fraud and money laundering. He had pleaded not blameworthy to the complaint and was subsequently freed.
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Source: Legit.ng
