News - North Central - FCT
Updated: November 23, 2022

Buhari Administration Says It Recovered $1Billion Looted Funds

By Maureen Okpe
November 23, 2022
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The Attorney-General and Minister of Justice, Abubakar Malami, on Wednesday disclosed that the President Muhammadu Buhari-led administration has so far recovered about $1 billion looted funds from 2015 to 2022.

Malami made the disclosure at the Presidential Villa, Abuja while briefing the State House Correspondent after the week’s Federal Executive Council meeting.

The Minister of Justice said the recovered assets had been deployed to various sectors of the economy including poverty alleviation.

“Between 2015 to 2022, our administration has recovered about $1 billion looted funds from different quarters.”

Malami also expressed the government’s concern over cases of budget padding, which he described as worrisome, noting that every necessary measure would be explored to put an end to the practice.