FG does not know exact figures of looted funds abroad – AGF

SERAP

The Attorney General of the Federation, Abubakar Malami on Friday said the Federal Government does not have exact figures of looted funds stashed abroad.

Malami made this disclosure at a Media Roundtable on Open Government Partnership in Abuja.

Malami said the exact figures are hard to determine but the Federal Government will continue to liaise with the concerned countries.

He said: “It is impossible to give a clear figure against the background of complexity, differences of rules, approach and processes, at international communities.

“Also, investigations which are ongoing and keep changing, and there are also cases in court with different jurisdiction and dynamics, so it is impossible to arrive at an exact amount”.

He further said, “The Federal Government of Nigeria has set up an OGP National steering committee with the Federal Ministry of Justice as the coordinating ministry.

“The government will also continue to pursue reform programmes on transparency and accountability in promoting asset disclosure, improved public procurement, promoting fiscal transparency and empowerment.

“We will work with the network of OGP implementing countries for technical support, especially in repatriating our stolen funds that are currently stashed away abroad.

“I invite the media to join hands with the government to communicate all of these reforms to Nigerians in a very simple language not just at the Federal and states levels but also in the local communities.”

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