Vice President, Yemi Osinbajo on Monday said recovered loots will be used to fund the budget.

Osinbajo spoke at the at the 22nd Nigerian Economic Summit on Monday.

He said the Federal Government was expecting some stashed loots with the US and some with the Swiss government.

“If you look in the 2016 budget, N350bn is the amount we expect to recover so we really have provided for it. That’s what we are expecting,” he said.

“Of course we have not made up to that in physical cash. For example, we have about 400 million outstanding with the US and some money with the Swiss government. The actual figure of what we have recovered has been made public in the president’s address including real estate.

“We intend to use that money in the budget. There is a process, once money comes in, we disburse it and we account for it. Some people have suggested that we should use the money to build roads and call it the anti-corruption road.”