Tag: Recovered Loot
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EFCC hands over N147.7m recovered loot to Kwara Govt
Economic and Financial Crimes Commission (EFCC) has handed over the sum of N147.7 million recovered from alleged treasury looters and contractors to the Kwara state government. It said that the sum of N138 million was recovered from the contractors who handled projects from Kwara State Internal Revenue Service (KWIRS) while nine million naira was recovered…
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Recovered loots: Allow audit committee to cover OBJ, Yar’Adua, Jonathan’s tenures, SERAP tells Buhari
Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari “welcoming the inauguration of the Audit Committee on the Recovery and Management of Stolen Assets as a partial fulfilment of the judgment by Justice Idris,” and requesting him to use his “leadership position to strengthen and extend the mandate of…
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We’ll use N558.8m recovered loot to partly finance 2017 budget – FG
The Federal Government said on Monday it would use a fraction of the looted funds recovered so far to finance part of the 2017 budget. The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, said this at the 2017 budget breakdown in Abuja. He said the total revenue projected was N5.08 trillion, with…
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FG approves 5 percent of recovered loot for whistleblowers
As part of measures to fast track effective recovery of stolen public funds, the Federal Government at its Executive Council meeting on Wednesday approved the Ministry of Finance Whistleblowing Programme that hopes to reward individuals, who voluntarily offers credible information on stolen or concealed funds, with about 2.5 per cent and five per cent of…