How we Recovered Looted Billions from UK, Others, AGF Malami Shares Crucial Details

• The Attorney-General of the Federation (AGF) and Minister of Justice Abubakar Malami, has revealed in detail how FG recovered looted funds
• Malami, during a public lecture held in the US, disclosed that President Muhammadu Buhari has vowed to fight corruption in the country through legislative systems
• The minister noted further that the successes recorded so far could be used as a model by other African countries to fight corruption

United States- The federal government has shared new details into how preventive measures were adopted to check corruption and manage recovered stolen assets that had brought about the repatriation of some stolen funds stashed abroad.

The Punch reports that the funds included $322.52m from Switzerland, $311.7m from the United States, €5.4m from Northern Island, and €4,214,017.66 and $200m from the United Kingdom.

The Attorney General of the Federation and Minister of Justice, Abubakar Malami, according to a statement issued on Tuesday, November 16, by his media aide, Dr Umar Gwandu, made this disclosure during the 2021 annual public lecture organised by the Centre for Media and Peace Initiative, New York, United States, on Monday, November 15.

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According to him, being an Africa Union Champion in the fight against corruption, President Muhammadu Buhari has endeavoured to fight corruption in all its ramifications through the legislative framework.

He said outstanding successes recorded by the government in international asset recovery could be a template for other African countries in the fight against graft.

Malami said:

“Various steps have been taken in terms of legislatives frameworks, establishment of institutions and policy measures targeted at combatting corruption, regional corporation and ensuring good governance for the benefit of citizens."

Malami hinted further that the present government was able to achieve the successes due to the political will, funding, legislation, institutional support and executive orders of Buhari.

The minister added that:

“The Buhari’s approach to fight against corruption has been one of three cardinal pillars of our campaign promises; the others are economic and security development.”

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He stressed that Nigeria had taken anti-corruption measures in tackling cybercrime, money laundering, oil bunkering and false assets declaration among others.

Senate moves against public servants with unexplained sources of wealth

Meanwhile, Legit.ng had earlier reported that lawmakers of the Ninth Senate on Tuesday, November 10, considered two bills seeking to facilitate the swift prosecution of money launderers and terrorist financiers.

A statement by Ezrel Tabiowo, a special assistant, press to the Senate president, said the bills once passed into law would provide the framework required for the prosecution of public servants who cannot explain the source of their wealth.

The two bills being sought by the Senate are the Money Laundering (Prevention and Prohibition) Bill, 2021, and Money Laundering (Prevention and Prohibition) (Repeal & Re-enactment) Bill, 2021.

Source: Legit.ng