FG Expecting $200m From Netherlands, Switzerland – Malami
The Federal Government says Nigeria is awaiting the return of $200million from the Netherlands and Switzerland.
Mr Malami disclosed this on Tuesday at a one-day capacity building workshop organised for judiciary correspondents in Abuja, the nation’s capital. “On the fight against corruption and associated recovery of looted and illicit assets, I am happy to inform you that within the period in contention, Nigeria succeeded in recovering $311 billion from U.S. and New Jersey and the money has been repatriated to Nigeria,” Malami said.The minister said due to the anti-corruption crusade, the Federal Government facilitated the recovery of $62 billion arrears from oil companies as part of its Production Sharing Agreement .
Malami also disclosed that over N685 million was recovered through the help of whistle-blowers within the last one year while N500 million was recovered from forfeited vessels, trucks, and barges.Elsewhere, the Minister of Information and Culture, Lai Mohammed, said the government has recovered looted funds in excess of N800 billion with over 1,400 convictions secured.
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