Looting Update: N7b, $10m Recovered From Private Homes

* N57.9b and $666.676m recovered so far
The Federal Government anti-corruption
crusade has so far yielded N57b and $US666m,
according to Attorney General of the Federation
(AGF)/Justice Minister Abubakar Malami (SAN).
Of this amount, N7billion and $10million cash
was recovered from private residences of former
public officers, the minister said in an update on
the fight against looters of our money.
Malami revealed the figures while defending the
2017 Appropriation bill of the ministry before the
Senate Committee on Judiciary, Human Rights
and Legal Matters at the National Assembly in
Abuja.
But he was silent on the identity of the
individuals in whose houses the money was
recovered.
Malami’s spokesman Salihu Isah also quoted
him as saying “$250m found to be proceeds of
illegal oil bunkering has been temporarily
forfeited to the government; $136.676m is
awaiting actual remittance, while $270 FG’s
fund has also been recovered from commercial
banks.”
Whatever has been recovered so far, including
the $9.2m by the EFCC, is just a tip of the
iceberg.