• Federal Government opens register for looted funds

    Federal Government opens register for looted funds

    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.

    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 […]

  • No exact figures for looted funds – Malami

    No exact figures for looted funds – Malami

    According to reports, the Attorney General of the Federation, Abubakar Malami (SAN), says the Federal Government has no exact figure of Nigeria’s looted funds abroad.

    Malami, who made this known at a Media Roundtable on Open Government Partnership in Abuja on Friday, said Nigeria would continues to liaise with other countries on the repatriation of looted funds, but the exact figures might be difficult to ascertain.

    The minister said this was because the nexus of complexity and dynamics of legislations, culture and […]

  • Looted funds: US won’t hand over cash to Nigeria – official

    Looted funds: US won’t hand over cash to Nigeria – official

    It was gathered that the United States Government has said it will not hand over physical cash accruing from looted funds by Nigerians in the country to the federal government.

    This was disclosed yesterday in Abuja by the International Affairs Fellow, Under Council of Foreign Affairs, Mathew T. Paige.

    According to Paige, who fielded questions from students and lecturers of Baze University, Abuja, the US government would rather channel such money to funding of development programmes in Nigeria.

    “There are different constructions in […]

  • Check East; Abacha not the only Nigerian Who Looted Funds – Sani tells Buhari

    Check East; Abacha not the only Nigerian Who Looted Funds – Sani tells Buhari

    The Chair­man, Senate Commit­tee on Local and Foreign Debts  and Senator repre­senting Kaduna Central Senato­rial District, Shehu Sani, has, Wednesday, urged President Muhammadu Buha and the Chairman, Economic and Finan­cial Crimes Commission (EFCC) Magu to extend their anti-corruption fight to the Middle East and Far East where he al­leged some corrupt Nigeri­ans ferried Nigerian’s looted treasury to.

    Sani, spoke in Kano dur­ing a courtesy visit to el­der statesmen, Alh Tanko Yakasai and Alh Yusuf Maitama Sule.

    According to him, “hun­dreds of billions […]

  • Buhari to demand recovery of looted funds at UN Assembly

    Buhari to demand recovery of looted funds at UN Assembly

    President Muhammadu Buhari will next week lead the Federal Government delegation to New York, the United States, where he will address the 71st regular session of the United Nations General Assembly on September 21, 2016.

    The Minister of Foreign Affairs, Geoffrey Onyeama, who stated this on Friday in Abuja, explained that the President would use the opportunity to build on his relationship with other world leaders and demand the recovery of looted funds stashed away in foreign countries.

    According to him, the […]

  • Metuh, Amosu, Dikko beg to return looted funds to avoid going to jail

    Metuh, Amosu, Dikko beg to return looted funds to avoid going to jail

    Three of those on trial for alleged corruption are eager to return their “loot” for freedom, according to the Newsmen.

    They want to refund cash and surrender property to avoid going to jail.

    An Economic and Financial Crimes Commission (EFCC) source said that the agency got requests from former National Publicity Secretary of the Peoples Democratic Party (PDP) Olisa Metuh, ex-Chiefs of Air Staff Air Marshals Adeshola Amosu and Mohammed Dikko Umar.

    Metuh is standing trial for allegedly receiving N400 million from the […]

  • Looters of Nigeria’s money now hide billions of looted funds in farms, says Dogara

    Looters of Nigeria’s money now hide billions of looted funds in farms, says Dogara

    The Speaker of the House of Representatives, Yakubu Dogara, has expressed shock over the wicked manner some leaders looted the nation’s treasury, saying they now hide their loot in farms.

    Dogara, who lamented that no conviction had been secured so far against the looters to serve as deterrence to others, said, in an interview, that there was need to reassess the way the anti-graft war was being waged to ensure the rule of law was followed.

    He also urged support for the […]

  • Nigeria can raise $200bn from withheld, looted funds – Falana

    Nigeria can raise $200bn from withheld, looted funds – Falana

    Femi Falana, Human rights activist has called on the federal government to jettison plans to borrow $2 billion from China or any other country, asking it to, instead, intensify efforts to recover the nation’s wealth which had been criminally diverted by a handful of local and foreign looters.

    Falana, in a statement yesterday, disclosed that he had, in an earlier letter similarly, advised government against borrowing $2.5 billion from the World Bank and another $1 billion from the African Development Bank […]

  • How Nigeria Can Raise $200bn From Withheld, Looted Funds – Femi Falana explains

    How Nigeria Can Raise $200bn From Withheld, Looted Funds – Femi Falana explains

    Human rights activist, Femi Falana, has called on the federal government to jettison plans to borrow $2 billion from China or any other country, asking it to, instead, intensify efforts to recover the nation’s wealth which had been criminally diverted by a handful of local and foreign looters.

    Falana, in a statement yesterday, disclosed that he had, in an earlier letter similarly, advised government against borrowing $2.5 billion from the World Bank and another $1 billion from the African Development Bank […]