The Federal Government has reportedly earned N1, 823,788.146.86 from forfeited assets, according to Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN).
Additionally, he stated that $641 million in looted funds from the late military ruler Gen. Sani Abacha were utilized for social investments and the construction of essential infrastructure.
According to him, the Lagos-Ibadan Expressway, the Second Niger Bridge, and the Abuja-Kano Highway received $319 million of the $641 million in funding.
Regarding terrorism, he stated that 397 defendants were found guilty after 397 cases were profiled, 1,500 were prosecuted.
The government has defended overseas cases, according to Malami, who provided the breakdown in a presentation at the PMB Administration Scorecard in Abuja, to prevent liabilities that might total billions of dollars in the US.
He said: “In line with the cardinal principle of the present administration in the fight against corruption, a total sum of N1, 823,788.146.86 has been generated from forfeited properties.
” A total sum £6,324.627.66, €5,494,743.71 and $490,000,000 realised from various jurisdictions from 2021 to date.
“Some of the recovered funds are being used on the financing of critical infrastructure. including Lagos-Ibadan Expressway, the Second Niger Bridge and Abuja-Kano Highway.”
While social investments for the poor received $322 million, he said that $319 million went to infrastructural projects including the Lagos-Ibadan Expressway, the Second Niger Bridge, and the Abuja-Kano Highway.
Malami added that the rising judgment debts have been successfully addressed by the Buhari administration.
He said; “We have saved the government from huge judgment debt liabilities to the tune of over N142bilion and over $507million.”
