The Federal Government of Nigeria has said it is practically impossible for recovered funds looted in the past to be re-looted again, saying sufficient safeguards have been erected to check against such a possibility. This was the submission of Ladidi Mohammed, Director, Asset Recovery and Management Unit, Ministry of Justice, on Wednesday in Abuja, at […]
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The two Chief Executives of Dutch companies have urged the President Muhammadu Buhari administration to urgently inject the funds recovered from corrupt former government officials into the local economy, saying it is the only way to boost the economy. They also decried the country’s foreign exchange policy, lamenting that it is making it almost impossible […]
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Nigerians deserve to know how government plans to spend the recovered loots to enhance probity and transparency in governance. This was the submission of general overseer of The Redeemed Christian Church of God (RCCG) Pastor Enoch Adeboye. He spoke last Sunday at the special prayer and thanksgiving for officials of public and private sector with […]
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President Muhammadu Buhari has queried the Ibrahim Magu led Economic and Financial Crimes Commission, EFCC over recoveries of looted funds from Nigerians and organisations. Also queried by President Buhari are the Central Bank of Nigeria, CBN, Independent Corrupt Practices and Other Related Offences Commission, ICPC; Ministry of Finance, Department of State Services, DSS, among others. […]
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The Attorney General of the Federation, Abubakar Malami (SAN), says the Federal Government has no exact figure of Nigeria’s looted funds abroad. Malami, who made this known at a Media Roundtable on Open Government Partnership in Abuja on Friday, said Nigeria would continues to liaise with other countries on the repatriation of looted funds, but […]
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Nigeria has taken the war against corruption to the door steps of the judicial officers, recovering various sums of monies, including foreign currencies. Department of State Security (DSS) confirmed on Saturday that it carried out a special sting operation on some judges of Supreme, Appeal and High courts, The monies recovered included N93,558,000, $530,087, £25,970 […]
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The Campaign for Democracy on Friday called on the British Government to return Nigeria’s looted fund in its custody as a means of supporting President Muhammadu Buhari’s administration on corruption. The group in a statement by its President, Ifeanyi Odili, and Secretary, Abdulahi Jabi, said it agreed with the British Prime Minister, David Cameron, who […]
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President Muhammadu Buhari on Wednesday urged the World Bank to do all within its powers to facilitate the speedy repatriation of stolen funds back to Nigeria. He made the call during a meeting with the visiting Managing Director of the World Bank, Ms. Sri Mulyani Indrawati, at the Presidential Villa, Abuja. Buhari said the repatriation of […]
Read More THE Attorney General of the Federation and Minster of Justice, Mr. Abubakar Malami, on Tuesday, disclosed plans by the Federal Government to engage acclaimed consultants in its bid to recover another $750m looted and stashed away by a former Head of State, the late Gen. Sani Abacha. He stated that another £6.9m loot, held by […]
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The Democratic Peoples Congress (DPC) has said it is shell-shocked by the revelation and confession of some public office-holders and their political associates that they received billions of naira from the $2.1bn appropriated for arms procurement under the Goodluck Jonathan administration. The party said it was amazed that the fund meant to support the fight […]
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The Minister of Foreign Affairs, Geoffrey Onyeama, has assured Nigerians that negotiations are ongoing with a number of countries on the modalities for the repatriation of some looted funds stashed abroad. The minister stated that the Federal Government had been in touch with Switzerland, which he said, had earlier repatriated $700m to Nigeria. He noted […]
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[su_list icon=”https://newstage.com.ng/wp-content/uploads/2016/01/ns-icon.png”] Nigeria did not need IMF loans, fiscal discipline was needed for the country to be sustainable [/su_list] The Managing Director of the International Monetary Fund, Christine Lagarde, said on Tuesday in Abuja that the organisation was willing to assist the Federal Government of Nigeria in plugging revenue leakages, tracing stolen funds and restructuring […]
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