Federal Government opens register for looted funds

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Alhaji Lai Mohammed, Nigeria’s Minister of Information and Culture, has disclosed that the federal government has created a register for all recovered assets stolen by corrupt officials, saying the move was to prevent “re-looting” of what was being recovered.

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Speaking on Friday at a meeting with representative of the United Nations, UN Secretary-General for West Africa in Abuja, Mohammed Ibn Chambas, he said the register would be made public soon.

Mohammed said, “Corruption is as dangerous as terrorism. For an economy as ours, which is in a recession, the mindless looting of our resources has made us arrive at this particular situation.

“The government is focused, and it is not looking back in the fight against corruption, and it is clear today that nobody will be spared.

“Through the effort presidential committee on asset recovery, the government has been able to coordinate the collation and categorisation of recovered assets from 2015 to 2016.

“The committee has approved a central asset management committee under the minister of finance which will manage the recovered assets to avoid re-looting or mismanagement as was the case in the past.

“The government has created an asset register for recovered stolen assets to avoid a situation where the assets disappear. And this register will be available for the public.”

 

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