Tag: recovered loots

The YNaija Cover this morning – The 17th of November

Follow the links to read the stories and analyses on YNaija:

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Recovered loots not enough to stop foreign borrowings – FG

The Federal Government on Thursday said the recovered loots from corrupt individuals were not enough to stop the country from borrowing. Senior Special Adviser on Media and Publicity to the…

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SERAP

N18bn has been recovered as stolen loots – AGF Malami

The Attorney General of the Federation and Minister of Justice, Abubakar Malami on Thursday revealed that the Federal Government has recovered N15 billion and $10.5 million. Malami disclosed this on…

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FG to use N258bn from recovered loot to fund 2017 budget

The Federal Government says it plans to use N250 billion out of funds recovered from corrupt officials to finance the 2017 budget. Ben Akabueze, director-general of the National Budget Office,…

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EFCC to get 2% of recovered loots soon – Senate

The Senate on Thursday said the Economic and Financial Crimes Commission (EFCC) will be empowered to keep 2 per cent of recovered loots as soon as it amends the Act…

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2017 budget: FG proposes to part-fund N2.69trn deficit with recovered loots

The Federal Government is planning to fund the 2017 budget deficit of N2.69 trn from recovered loots, Punch reports. According to the news platform, the proposal was made in the…

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$30bn borrowing: PDP raises questions on recovered loots

The Peoples Democratic Party (PDP) on Wednesday raised questions on how loots said to have been recovered by the Buhari-led administration have been used. In a statement by its National…

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EFCC has recovered more loots in the last 11 months – Magu

The Economic and Financial Crimes Commission (EFCC) on Tuesday said it has surpassed a 12-year record in terms of recovery of looted funds in the last 11 months. This was…

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Magu wants FG to allow EFCC keep a percentage of recovered loots

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has said there should be a review of the laws that allows the agency keep a percentage of…

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Recovered loots will be used to fund the budget – Osinbajo

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…

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Falana to FG: Spend recovered loots…it will solve some problems

Human rights lawyer, Femi Falana, on Saturday asked the Federal Government to stop keeping the recovered loots, stating that it can be used to solve some of the country's problems.…

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EFCC opens up on assets seized from ex-IGP, Tafa Balogun, others

The Economic and Financial Crimes Commission (EFCC) says the sum of N1,956,007,975.81 has accrued to the federal government as interest from funds seized by a former Inspector General of Police, Tafa…

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EFCC gives thorough breakdown on ‘how recovered loots were spent’

The Economic and Financial Crimes Commission, EFCC has given a thorough breakdown on how recovered looted funds were spent. In a publication published on Friday entitled "What EFCC did with…

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