Nigeria says it seizes $10.3 billion in looted money, assets
June 4, 2016
LAGOS, Nigeria – Nigeria says it has seized more than $10.3 billion in looted cash and assets in the past year under President Muhammadu Buhari’s anti-corruption campaign.
Information Minister Lai Mohammed says the government also expects repatriation of some $330 million stolen from the public treasury and stashed in banks abroad. Most is in Switzerland.
Mohammed’s statement Saturday did not include names of accused officials, though the government had promised to publish them.
He said the funds include $583.5 million recovered in cash and $9.7 billion in cash and assets under interim forfeiture including sea-going vessels, buildings and land.
Hundreds of people have been arrested, and the many ongoing trials include that of a former national security adviser accused of diverting $2.1 billion meant to fight the Boko Haram Islamic insurgency.
Nkemnji Global Tech
Featured
Cameroon: Security Beefed up Ahead of CHAN Tournament
Pan African Visions | January 16, 2021 5:56 am
Cameroon: Nkafu Policy Institute Publishes Report on the Effect of BEAC’s Monetary policy
Pan African Visions | January 16, 2021 5:49 am
What happened to Turkana oil exploration, Kenyans ask amid hike in Fuel prices
Pan African Visions | January 16, 2021 3:15 am
OUT NOW! 2nd Edition of “Billions At Play” charts recovery path for African Oil & Gas Sector
Pan African Visions | January 14, 2021 4:59 pm
Recent News
-
Senegal already produces Gas: Investors should look Onshore
January 16, 2021 6:14 am
-
Cameroon: Security Beefed up Ahead of CHAN Tournament
January 16, 2021 5:56 am
-
Cameroon: Nkafu Policy Institute Publishes Report on the Effect of BEAC’s Monetary policy
January 16, 2021 5:49 am
-
What happened to Turkana oil exploration, Kenyans ask amid hike in Fuel prices
January 16, 2021 3:15 am
-
CHAN 2021: A Look at the Major Contenders for the Trophy
January 16, 2021 3:00 am
Leave a Reply