Tag: Looted Funds
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Looted funds: Reps grill NSA, IGP; invites Presidential Committee chair on arms, ammunition
The House of Representatives ad-hoc committee investigating the recovery and management of looted funds and assets by agencies of the federal government on Tuesday grilled the Office of the National Security Adviser ONSA and the Office of the Inspector-General of Police IGP on the amount of funds so far recovered. The panel also resolved to…
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Recover looted wealth to fund budget – Falana
Human Rights lawyer Femi Falana (SAN) has told the Federal Government to embark on a drive to recover Nigeria’s looted wealth to garner resources to fund the 2020 budget. Falana made the assertion in an interview with a correspondent of the News Agency of Nigeria (NAN) at Imota, near Abeokuta on Sunday. He said the…
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How we’ll recover, spend looted funds in Oyo – Makinde
Governor Seyi Makinde of Oyo State has wooed banks’ executives to assist the government in ensuring that all looted funds in the state were recovered and used for the overall development of the state. He also vowed to recovered every bit of looted funds in the state, while such recovered loot should be kept in…
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Why EFCC don’t have exact amount of looted funds – Magu
The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu on Wednesday said it was difficult to say exactly how much was looted from Nigeria. He blamed it on poor record keeping, adding that previous administrations’ lack of political will accounted for the poor rate of asset recovery from abroad. “It is…
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We’ll soon publish names of Nigerians who acquired properties with looted funds – FG
The federal government on Thursday promised to release the names of 200 individuals who own property that was purchased with illegally-acquired funds. The Chairman, Special Presidential Investigative Panel for the Recovery of Property, Okoi Obono-Obla, said this at the “Tackling corruption through improving transparency in property ownership” project which was held by ANEEJ in Abuja…
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Buhari’s visit: U.S. to commence repatriation of over $500m looted funds to Nigeria
The visit of President Muhammadu Buhari to U.S. President Donald Trump has yielded the finalisation of negotiations to repatriate more than 500 million dollars (about 190 billion Naira) of Nigeria’s looted money traced to the U.S. Nigeria’s Attorney-General and Minister of Justice, Abubakar Malamin said he and the Attorney-General of the U.S. would be meeting…
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2019: Nigerians will forgive when you return funds stolen for 16 years, FG tells PDP
The federal government says the Peoples Democratic Party (PDP) should complete its apology to Nigerians by returning all the funds looted from the public treasury during its 16 years in power. In a statement issued in Abuja on Tuesday, the Minister of Information and Culture, Lai Mohammed, also challenged the party to show the genuineness…
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FG moves to recover looted funds, assets traced to ex-govs, ministers, others in Dubai
The Federal Government on Friday launched fresh moves to seize looted funds and suspicious assets traced to some former governors, ministers and senators in the United Arab Emirates (UAE). The Attorney-General of the Federation, Mallam Abubakar Malami (SAN), and the Acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu, left for Dubai…
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Buhari will demand repatriation of looted funds at UN Assembly – Onyeama
President Muhammadu Buhari will demand the repatriation of looted public funds to countries of origin, including Nigeria, at the forthcoming 72nd United Nations General Assembly holding in New York, the Foreign Affairs Minister, Geoffrey Onyeama, said on Tuesday in Abuja. Onyeama explained that the President would lead a large delegation to the Assembly, which would…
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Repatriation of looted funds: EFCC proposes establishment of foreign offices
In a bid to fast-track tracing, recovery and repatriation of looted funds stashed abroad, the Economic and Financial Crimes Commission (EFCC) said it plans to set up anti-corruption desks in Nigerian foreign missions. Acting Chairman of the Commission, Ibrahim Magu, announced this on Tuesday in Abuja at a five-day induction programme for the 45 non-career…