Looted assets: We’ve recorded appreciable milestone, says Malami | The Guardian Nigeria News

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The Minister of Justice, Abubakar Malami, SAN, has said that the ministry has recorded appreciable milestone in the recovery of looted assets in the country.

He said this during the budget defence before the House of Representatives Committee on Justice on Monday in Abuja.
He stated that the Ministry was mandated to embark on the recovery of looted assets, adding that it had recorded appreciable milestone.

He added that in this regard, monies recovered were promptly deposited into government treasury, thereby increasing the revenue profile of the government.

He said that the ministry is presently making efforts to ensure that it was allocated some cost of collection from recovered funds to finance its recovery operations.

“To date, there are large sums of illicit money stashed abroad for which we are working at close quarters with ICPC, and EFCC as dependable allies to effect recovery,” he said.

The Attorney-General said that the ministry handled public prosecution and civil…



Source: Guardian Newspaper

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