FG disburses recovered N3.2bn foreign loot into key infrastructure projects nationwide

Tayo AFOLABI

The federal government has disbursed over N3.2bn (£6,324,627.66) recovered of stolen monies from various jurisdictions globally into key infrastructure projects nationwide.

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, disclosed these on Thursday at the 46th Session of the State House Briefing organised by the Presidential Communications Team at the Aso Rock Villa, Abuja.

Malami explained that the recovery was made from March 2021 to May 2022, adding that government also generated a total of N1.82bn from the sale of bid forms and actual sale of forfeited properties in the first 18 months of the Buhari-led regime.

The AGF who noted that the Justice Ministry has supported the Federal Government in various infrastructure funding agreements, lamented that the country currently grapples with a N329bn funding gap.

He explained further that an inter-ministerial committee on the audit and recovery of back years on stamp duty has so far recovered N596,055,479.47.