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looted funds
June 19, 2020
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Magu reportedly marked down for ‘Mago Mago’ | The #YNaijaCover

Social media timelines in Nigeria were this Friday flooded with news about what may be an imminent sack of the Anti-Corruption Czar for the Muhammadu Buhari administration in the works. According to THISDAY, the Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), has sent a memo to President Muhammadu Buhari recommending... Read More
Cover Stories, Satire
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November 19, 2017
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We are not making good progress in looted funds repatriation – Osinbajo

Vice President Yemi Osinbajo on Saturday said Nigeria is being frustrated in its efforts to repatriate its stolen funds in developed countries. Osinbajo said this in Abuja while declaring open the 18th Ministerial Committee Meeting of the Inter-Governmental Action Group Against Money Laundering in West Africa (also known as GIABA). He said progress was not being... Read More
The News Blog
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October 20, 2017
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US, U.K laws designed to receive looted funds from Nigeria – US intelligence expert

Former United States intelligence community’s top expert on Nigeria, Mathew Page, has said that the U.S. and the United Kingdom are the biggest recipients of funds looted from Nigeria. Page stated this on Friday in Abuja at a roundtable organised by the Centre for Democracy and Development, a civil society organisation. His submissions were contained... Read More
The News Blog
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August 1, 2017
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[The Presidential Blog] Osinbajo sets up committee on looted funds, transfers ICPC chairman

Acting President Yemi Osinbajo has appointed new members into the Independent Corrupt Practices and other Related Offences Commission (ICPC). This was contained in a statement issued late Tuesday in Abuja and signed by the Director Press, Office of the Secretary to the Government of the Federation, Bolaji Adebiyi. According to the statement, the ICPC boss,... Read More
The News Blog
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February 12, 2017
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Whistle-blower policy: FG recovers another $151m, N8bn looted funds

The Federal Government says it’s Whistle-blower policy has started yielding fruit as it has so far led to the recovery of US$151 million and 8 billion Naira in looted funds, the Minister of Information and Culture, Alhaji Lai Mohammed, said. In a statement issued in Lagos on Sunday, by Segun Adeyemi SA to Hon Minister of... Read More
The News Blog
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December 8, 2016
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Forget about $30bn, recover looted funds – Falana tells FG

Human Rights lawyer, Femi Falana (SAN), has urged the Federal Government to focus its efforts on recovering stolen funds rather than requesting for loans. Falana stated while speaking at an event to mark the International Anti-Corruption Day organised by the U.S. Embassy in Abuja on Thursday. He said, “People have stolen our money, why are you begging them... Read More
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November 5, 2016
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Buhari should forget about $29.9bn loan, go after looted funds – Falana

Human rights lawyer, Femi Falana has said the $29.9bn loan request by President Muhammadu Buhari will mortgage the future of Nigeria. Falana spoke at a symposium tagged: “X-raying 50 years of military intervention in Nigeria’s politics”, organised by the Department of Political Science, University of Lagos. Falana urged the President to forget about the loan... Read More
The News Blog
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Buhari
September 13, 2016
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[The Presidential Blog]: The President will address the 71st UNGA; and I’ve written his speech

I’ll be the first to admit that my heading is a little misleading. It’s for good reason. This is an urgent message the President needs to see before his session at the 71st United Nations General Assembly (UNGA). Fingers crossed hoping it will get to him. The President will be in New York this week and... Read More
The Presidential Blog
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June 6, 2016
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Pius Adesanmi: How to spend recovered looted funds

by Pius Adesanmi Well, we finally got a partial list and a partially fulfilled promise from the Buhari administration after the President’s compulsory rite of passage in his dealings with the people: the own goal of making promises nobody asked you to make and then having to be dragged kicking and screaming to fulfill your... Read More
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February 26, 2016
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‘Funds embezzled during Jonathan’s tenure are dizzying’ – Lai Mohammed

Minister of Information, Culture and Tourism, Lai Mohammed, has said the figure of the public funds pilfered during the administration of Goodluck Jonathan, are troubling Mohammed said the incumbent administration of Muhammadu Buhari is interested in informing Nigerians of the rate at which funds were embezzled and the cost of corruption to the society. During... Read More
The News Blog
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January 29, 2016
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Akpabio to FG: ‘If you find the $7.2bn allegedly stashed by me in Dubai, seize it’

Former Governor of Akwa Ibom State and Senate Minority Leader, Senator Godswill Akpabio has dismissed reports that he owns property in Dubai, United Arab Emirate or anywhere else outside the country. In a statement released on Friday, by his media assistant, Anietie Ekong, Akpabio stated that if any money in a foreign bank is found in... Read More
The News Blog
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November 29, 2015
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The returned looted funds are with CBN – Presidency

Following the revelation by President Muhammadu Buhari, that some past government officials were returning their stolen loot, it’s been discovered that the location of the loot is the Central Bank of Nigeria (CBN). While speaking during an interactive session he had with members of the Nigerian community in the Islamic Republic of Iran, President Buhari disclosed that... Read More
Featured, The News Blog
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September 6, 2015
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“The West didn’t trust Jonathan’s administration” – Itse Sagay

Chairman of the seven-man Presidential Advisory Committee on War Against Corruption, Itse Sagay (SAN), has said Former President Goodluck Jonathan couldn’t tackle corruption because he didn’t see corruption as a wrongdoing. Sagay disclosed this in an interview with Punch newspapers, where he explained that looted funds in other countries were not recovered early enough, because they did... Read More
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March 9, 2014
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Sonala Olumhense: How the US can help Nigeria

by Sonala Olumhense If the objective of the US is to help the people of Nigeria, it needs to bear in mind that the challenge of recovering looted funds, indeed of assembling resources for Nigeria’s development, has become inferior to implementing policies that would ensure those resources go into development. I wish to congratulate the... Read More
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September 5, 2013
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Abacha loot: Two arrested in UK over £20m

by ‘Jola Sotubo Years after his demise, the name of former Nigerian military ruler,Sani Abacha, is still causing controversy around the globe. Efforts have been made to trace the funds reportedly embezzled by the late dictator and those efforts have extended to the United kingdom. Investigations have uncovered another £20m(N5.12billion) reportedly laundered by Abacha through... Read More
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