- Nigeria's AGF Malami recently spoke about how the recovered looted funds from Sani Abacha was spent
- The minister of justice said that the looted funds were judiciously utilized for public-oriented project
- Giving an update, Malami said the major amount recovered by the federal government was $322 million from the Swiss government
Abubakar Malami, Nigeria's justice minister, on Tuesday, March 3, revealed that the looted funds recovered by the present administration was well utilized for public-oriented projects.
The AGF in a statement issued by his special assistant on media and public relations, said since the present government took over, the major amount recovered was $322 million from the Swiss government.
He further explained that the recovered looted funds were transparently and judiciously utilized for the projects specified in the agreement by the Swiss government and the Nigerian federal government, PR Nigeria reports.
Malami went on to note that the World Bank and Civil Society Organisations monitored the application of the funds in the areas of Social Investment Programmes including N-power and school feeding.
However, the minister disclosed that FG is yet to receive the looted funds expected from the United States of America and the Island of Jersey.
Meanwhile, Malami maintained that looted monies recovered before 2015 were retrieved by previous administrations that should be made to account for the application of the funds.
Civil society organizations and Nigerians had been urged by the minister to be involved in monitoring how Abacha’s recovered loot will be used.
This advice from the justice minister came after a tripartite agreement on the recovery of over $300m looted funds was signed by Nigeria, the US and the Government of Jersey.
The AGF stressed how important it is for the people to be involved in monitoring how the recovered funds are used in the implementation of key infrastructure projects.
In a statement on Tuesday, February 4, ha had said the funds will expedite the construction of the Lagos-Ibadan Expressway, Abuja-Kano Road, and the Second Niger Bridge.
A monitoring team is set to be established by the Nigerian federal government to oversee the implementation of the projects.
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