Abuja, Jan. 12, 2023 – The federal government has realized over N1.828 billion naira proceeds from the sale of some forfeited assets.
Abubakar Malami, the Attorney-General of the Federation and Minister of Justice, said this today during a presentation of the President Buhari’s Administration Scorecard in Abuja.
He said the $641 million recovered loot from the late Gen. Sani Abacha had been used for social investment and development of critical infrastructure.
Malami also said that $319 million out of the $641 million was spent on the Lagos-Ibadan Expressway, the Second Niger Bridge and Abuja-Kano Highway.
On terrorism, he said 3,000 cases had been profiled, 1,500 prosecuted and 397 convicted.
The minister said the federal government had defended international cases to avoid liabilities running into billions of U.S. dollars.
“In line with the cardinal principle of the present administration in the fight against corruption, a total sum of N1, 823,788.146.86 has been generated from forfeited properties.
”A total sum £6,324.627.66, €5,494,743.71 and $490,000,000 realised from various jurisdictions from 2021 to date.
“Some of the recovered funds are being used on the financing of critical infrastructure, including Lagos-Ibadan Expressway, the Second Niger Bridge and Abuja-Kano Highway,” he said. (GBN)
