JUST IN: FG nets N1.8b from sale of forfeited assets - Malami

• Published date: 12 January 2023
• Publication title: Nigeria - The Nation

The Attorney-General of the Federation and Minister of Justice Abubakar Malami(SAN) has said that the Federal Government has realised N1, 823,788.146.86 from forfeited assets.

He also said $641million recovered loot from the late military dictator, Gen. Sani Abacha has been used for social investment and development of critical infrastructure.

He said $319million out of the $641million was spent on the Lagos-Ibadan Expressway, the Second Niger Bridge and Abuja-Kano Highway.

On terrorism, he said 3,000 cases were profiled, 1,500 prosecuted and 397 convicted.

Malami, who gave the breakdown in a presentation at the PMB Administration Scorecard in Abuja, said the government has defended international cases to avoid liabilities running into billions of US dollars.

He said: '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, pound 5,494,743.71 and $490,000,000 realised from...