Tag: Recovered Loots
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Reps invite CBN governor on recovered loot
The House of Representatives ad hoc committee investigating the assessment and status of recovered loots has invited the governor of Central Bank of Nigeria (CBN), Mr Goodwin Emefiele to appear before it. The Chairman of the committee, Rep. Adeogun Adejoro who extended the invitation on Thursday in Abuja said that it was necessary for the…
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FEC approves establishment of new agency to manage recovered loots, assets
The Federal Executive Council (FEC) has approved the establishment of the Proceeds of Crime Recovery and Management Agency Bill. The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, stated this on Wednesday after this week’s virtual FEC meeting. According to Malami, the bill is intended to put in place a legal and institutional…
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No ulterior motives behind writing Magu on recovered loots – Adeosun
The Minister of Finance, Mrs. Kemi Adeosun on Sunday insisted that there was no ulterior motives behind writing the acting chairman of the Economic and Financial Commission (EFCC), Ibrahim Magu, on cash assets recovered by the agency between May 2015 and January 2018 as speculated in the media. Recall that a memo dated February 9…
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We’ll finance 2017 budget with recovered loots – Buhari
President Muhammadu Buhari has said the Federal Government will finance the 2017 budget with parts of the recovered loots. The President said this at the 22nd Annual Conference of the Association of National Accountants of Nigeria in Abuja on Tuesday. He was represented by the Accountant General of the Federation, Alhaji Idris Ahmed. He said…