AGF Confirms Return of $110m Assets Recovered Globally – THISDAYLIVE

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Adedayo Akinwale and Juliet Akoje in Abuja

The Minister of Justice and Attorney General of the Federation (AGF), Lateef Fagbemi, yesterday confirmed the return of over $110 million assets recovered from various countries of the world.

Fagbemi disclosed this during the 2025 budget defence of the ministry when he appeared before the House of Representatives Committee on Justice chaired by Hon. Olumide Osoba.

He revealed that the ministry had developed a template for most of the agreements and shared them with some of the state governments in order to help them to review contracts, saying that is where most of the damages and risks are.

Fagbemi noted that although state governments were at liberty to engage in foreign transactions, the sub-national  governments are not recognised in cases of arbitration, stressing that it is the national government that takes such responsibilities.

He stated: “The popular case of P&ID, there were so many issues…



Source: Thisday Newspaper