Sunday, December 4, 2022

Over $1 billion looted funds recovered under Buhari spent on tradermoni, other programmes: AGF Malami

Mr Malami said proceeds of the fight against corruption had been ploughed into the nation’s economy to impact the livelihood of Nigerians.

• November 23, 2022
Attorney General Abubakar Malami
Attorney General Abubakar Malami [Photo Credit: The Africa report]

The Minister of Justice and Attorney General of the Federation, Abubakar Malami, says President Muhammadu Buhari’s regime has recovered over $1 billion in looted funds since it assumed office in 2015.

Mr Malami said this when he briefed State House correspondents on Wednesday’s Federal Executive Council meeting outcome.

He added that the proceeds of the fight against corruption had been ploughed into the nation’s economy to impact the livelihood of Nigerians through programmes like the school feeding programme and tradermoni, among others.

Mr Malami said FEC approved an extension of the National Anti-Corruption Strategic Document from 2022 to 2026.

The minister said the approval was granted following the presentation of a memorandum to the council.

“Today, the office of the Attorney General of the Federation presented a council memo seeking approval for the validation, adoption and extension of the National Anti-Corruption Strategy Document from 2022 to 2026.

“I am happy to report that the memo was taken, deliberated upon and eventually approved by the council.

“The implication of which is that we now have in place a new anti-corruption strategy policy document which is a product of collaboration among the justice sector and law enforcement agencies.”

According to the minister, this follows the chain of successes recorded in the fight against corruption, a hallmark of the Mr Buhari administration.

“Today, we are recording successes in terms of convictions for corruption, to the extent that a single agency of government like the Economic and Financial Crimes Commission (EFCC) within a year, (2022) we have recorded over 3000 convictions,” he said.

Also addressing the correspondents on the outcome of the meeting, the Minister of Works and Housing, Babatunde Fashola, said the council approved N14.09 billion as an augmentation of the contract sum for the construction of a road in Kano State.

He said the contract was inherited from previous administrations, expressing the determination of the Buhari administration to complete the project.

“Council considered and approved the augmentation, which was for N14.095 billion.”

Some of the items covered by the augmentation include the old amount for Value Added Tax (VAT), which was increased from five to 7.5 per cent.

“Others are the need to construct a flyover at Dawanau international market interchange and also the need to construct more hydraulic facilities,” he added.


We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

England vs Senegal


Qatar 2022: England’s Three Lions devour Teranga Lions of Senegal to reach World Cup quarterfinals

Two first half goals from Jordan Henderson and Harry Kane and another in the second half by Bukayo Saka secured England’s spot in the quarterfinals.

A composite of Atiku Abubakar and Dubai city used to illustrate the story


I may not patronise Nigerian hospitals if elected president: Atiku

Peter Obi of the Labour Party said he would use Nigerian doctors if elected president, adding that available facilities would be improved to meet global standards.

Kwankwaso and Atiku

Hot news Home top

Atiku should lower fees at his university if he’s serious about education in Nigeria: Kwankwaso

Mr Abubakar of the Peoples Democratic Party, Mr Kwankwaso and Peter Obi of the Labour Party are among the presidential candidates taking part in today’s dialogue.

A composite of Bandits and Gambo Isah used to illustrate the story.

Heading 5

Bandits shoot imam, abduct 19 worshipers inside Katsina mosque; police rescue six

The incident was first reported by resident witnesses who said that the attackers had injured and shot the chief imam and one other worshipper during prayers.

A composite of Femi Falana, Recoloured notes and President Muhammadu Buhari used to illustrate the story.


Naira Recolouring: Buhari regime breached Constitution, says Femi Falana

Mr Falana argued that the Constitution requires Mr Buhari to present a Money Bill for the withdrawal of funds that will be used to print the recoloured notes