Malami Denies Frustrating Recovery of $60 Billion Stolen NNPC Money Stashed in The US

Malami Denies Frustrating Recovery of $60 Billion Stolen NNPC Money Stashed in The US

- AGF Malami says there's no truth in the allegation that he stalled some looted NNPC money from being recovered

- The minister consequently called on his accusers to provide evidence

- Tosin Ojaomo had recently made the allegation on Wednesday, May 16

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An allegation has been levelled against the Attorney General of the Federation and Minister of Justice, Abubakar Malami.

The allegation is that he frustrated the recovery of $60 billion stolen from the Nigerian National Petroleum Corporation (NNPC). The money is said to be stashed away in Texas, United States.

Tosin Ojaomo, the special prosecutor to the defunct Special Presidential Investigation Panel for Recovery of Public Property made the allegation, Premium Times reports.

Malami denies stalling $60 billion NNPC money stashed in the US
Malami has denied allegations that he frustrated the recovery of some money from the US. Photo: @MalamiSan
Source: Facebook

In a swift reaction, the media aide to the AGF, Umar Gwandu, said the allegation lacks merit and should be dismissed.

Gwando challenged Ojaomo to back up his allegation with evidence.

He said:

“We challenge anybody, who says the attorney general received any amount, we challenge such person to bring evidence forward.
“The AGF has a record of facilitating the repatriation of funds from the United States of America, the U.K., Island of Jersey and other territories across the globe. He has never had any history of standing as an encumbrance or preventing the recovery of any looted Nigerian asset."

In another report, Yemi Candide-Johnson, a Senior Advocate of Nigeria (SAN) revealed the reason why the £4.2 million looted by ex-governor, James Ibori, can't be claimed by Delta state. recalls that the United Kingdom signed a Memorandum of Understanding (MoU) to return the sum of £4.2 million of stolen assets by Ibori.

The senior lawyer argued that the funds are owned by the UK government in accordance with its laws giving it the power to confiscate proceeds of crime from persons convicted via the British judicial system.

Meanwhile, the plan by the federal government to use the public funds looted by Ibori, for the construction of the Second Niger Bridge, Abuja-Kano Road, and the Lagos-Ibadan road has been rejected.

The stern opposition came on Tuesday, March 9, from the state's commissioner for information, Ehiedu Aniagwu.

Aniagwu said the proposed use of the recovered loot (£4.2 million) by the government is much like an injustice to the government and people of Delta.


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