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Looted Funds Recovered By Buhari Administration Were Judiciously Utilised – Malami

A file picture of the Lawyer Normal of the Federation and Minister of Justice, Mr Abubakar Malami.


The Lawyer-Normal of the Federation and Minister of Justice, Abubakar Malami (SAN), says looted funds recovered by President Muhammadu Buhari’s administration had been judiciously utilized for high-impact public-oriented initiatives.

He was quoted to have mentioned this in a press release signed on Tuesday by the Particular Assistant on Media and Public Relations, Workplace of the Lawyer-Normal of the Federation and Minister of Justice, Dr. Umar Jibrilu Gwandu.

In line with the assertion, Malami mentioned the applying of the fund was monitored by the World Financial institution and Civil Society Organisations within the areas of Social Funding Programmes together with N-power, College-feeding and related interventions overseen from the workplace of Vice President, Prof. Yemi Osinbajo.

“The money was judiciously applied for the purpose for which it was meant for and none of the parties; neither the Swiss government, nor the World Bank, much less of the Civil Society Organisation raised any question regarding reputation relating to the application of the funds,” he mentioned.

Talking additional, the minister acknowledged that looted funds anticipated from america of America and the Island of Jessy are but to be acquired by the federal government, “so the issue regarding embezzlement or misappropriation of same is an imaginary illusion which does not even arise as the money has not yet been repatriated to Nigeria”.

“The role of the PDP relating to transparency and accountability over the looted assets can best be appreciated with particular reference to the 2003 agreement brokered by the PDP government and the question of liability and accountability raised by Falana can best be answered by the implications of the 2003 agreement,” he added.

Malami, due to this fact, famous that looted monies recovered earlier than 2015 had been considerably recovered by previous governments that needs to be made to account on the applying or in any other case of the funds.

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