News
Buhari’s Govt Has Recovered N1trn Looted Funds – APC Leaders
Leaders of the ruling All Progressives Congress (APC) have said about N1 trillion worth of stolen funds and assets have been recovered since President Muhammadu Buhari assumed office in 2015.
In a statement on Thursday, a former National Publicity Secretary of the APC, Mr. Lanre Issa-Onilu; member of the APC Caretaker/Extraordinary Convention Planning Committee, Barr Ismail Ahmed, Presidential Aide, Mr. Tolu Ogunlesi; and Director-General of the Progressives Governors’ Forum, Salihu Lukman, said high profile recoveries were made from 2015 to date.
According to the statement, all final forfeitures are being deployed for use in the government’s Special Infrastructure and Social Investment Programmes or put into the annual budget.
The APC leaders under the aegis of APC Legacy Awareness and Campaign said in addition to looted and hidden funds, the Buhari administration is also focused on ensuring that taxes and other debts owed the federal government were recovered in full.
“High-profile recoveries include the following: $322 million Abacha Loot from the Government of Switzerland; $311 million Abacha Loot from the Bailiwick of Jersey; $100 million recovered by the EFCC for the Nigerian Ports Authority (NPA), from a company operating in the oil and gas sector; 4.2 million pounds sterling of Ibori Loot from the UK Government; 53 billion Naira for the Federal Mortgage Bank of Nigeria (FMBN), from a real estate developer.
“Others are; $43 million security funds from an apartment in Ikoyi; and 189 billion Naira in ‘restrained’ funds from inflated personnel budgets, following ICPC’s scrutiny of practices, systems and procedures of MDAs’ personnel cost from 2019 to 2020. Billions of Naira in pension funds have been recovered from local and foreign Insurance Companies who have been holding on to assets of the Pension Transitional Arrangement Directorate (PTAD).
“ICPC’s audit of Constituency Projects covering 2015 to 2018 helped recover N2 billion of diverted funds and assets, and also forced about 300 contractors to return to site to complete abandoned or poorly-executed projects.
“In August 2021 the ICPC commenced the third Phase of this Constituency and Executive Projects Tracking Exercise. In 2019 alone, ICPC also recovered N32 billion worth of Land, Buildings and Vehicles.
“In 2021, the EFCC and ICPC have continued their recovery efforts, with billions of Naira in cash assets already recovered, either through Interim or Final Forfeiture Orders.
“Since the President assumed office in 2015, close to a Trillion Naira worth of stolen funds and assets have been recovered in all. All final forfeitures are being deployed for use in the Government’s special Infrastructure and Social Investment Programmes, or put into the annual Budget.
“President Buhari will continue to ensure that government monies and revenues are safeguarded and put to the most efficient and transparent use for the benefit of the Nigerian people.
“APC is working to rebuild Nigeria after years of neglect and destructions. President Buhari is laying solid and sustainable foundation for Nigeria’s greatness,” the APC leaders said.
News
Updated: More trouble for Yahaya Bello as Immigration places him on watch list
Updated: More trouble for Yahaya Bello as Immigration places him on watch list
The Nigeria Immigration Service has ordered the arrest of former Governor of Kogi State, Alhaji Yahaha Bello, if found at any entry/exit point of the country.
The NIS said on Thursday night that Yahaya Bellowas placed on its watchlist after evading arrest by the Economic and Financial Crimes Commission (EFCC) over allegation of N80 billion fraud.
This notice came a few hours after the EFCC had declared the former governor wanted.
The NIS, in a letter addressed to the Director-General, Department of State Services (DSS), the Inspector-General of Police, the Director-General of the National Intelligence Agency as well as other formations declared that Bello had been placed on its watch list.
The letter was signed by the Assistant Comptroller of Immigration (Suspect Index), D S Umar, on behalf of the Comptroller General of the Immigration Service.
Part of the letter read, “Suffice to mention that the subject is being prosecuted before the Federal High Court Abuja for Conspiracy, Breach of Trust and Money Laundering vide letter Ref: CR: 3000/EFCC/LS/EGCS.1/TE/V 1/279 dated 18th April 2024, if seen at any entry or exit point, he should be arrested and referred to the Director of Investigation or contact 08036226329/07039617304 for further action.”
News
BREAKING : EFCC declares Yahaya Bello wanted, seeks information on his whereabout
BREAKING : EFCC declares Yahaya Bello wanted, seeks information on his whereabout
The Economic and Financial Crimes Commission (EFCC) on Thursday declared former Kogi State Governor, Yahaya Bello, wanted.
The anti-graft agency said Bello is wanted for alleged offences relating to economic and financial crimes to the tune of N80.2 billion.
The EFCC called on Nigerians with information as to his whereabout to report immediately to the Commission or the nearest Police Station.
READ ALSO:
- Chioma attends Davido’s concert amid hubby infidelity allegation
- Court fixes May 9 for Agunloye’s ₦1bn suit against EFCC
- BREAKING: Submit yourself for probe, FG tells Ex-Kogi gov, Yahaya Bello
“The public is hereby notified that YAHAYA ADOZA BELLO (former Governor of Kogi State), whose photograph appears above is wanted by the Economic and Financial Crimes Commission (EFCC) in connection with alleged case of Money Laundering to the tune of N80,246,470,089.88 (Eighty Billion, Two Hundred and Forty Six Million, Four Hundred and Seventy Thousand and Eighty Nine Naira, Eighty Eight Kobo).
Bello, 48-year old Ebiraman, is a native of Okenne Local Government of Kogi State. His last known address is: 9, Benghazi Street, Wuse Zone 4, Abuja.
Anybody with useful information as to his whereabouts should please contact the Commission in its lbadan, Enugu, Kano, Lagos, Gombe, Port Harcourt and Abuja offices or through these numbers 09-9044751-3, 08093322644, 08183322644, 07026350721-3, 0706350724-5; its e-mail address: info@efccnigeria.org or the nearest Police Station and other security agencies, ” a public notice issued by the EFCC read.
BREAKING : EFCC declares Yahaya Bello wanted, seeks information on his whereabout
News
BREAKING: Submit yourself for probe, FG tells Ex-Kogi gov, Yahaya Bello
BREAKING: Submit yourself for probe, FG tells Ex-Kogi gov, Yahaya Bello
The Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, has called on the immediate-past governor of Kogi State, Alhaji Yahaya Bello, to submit himself for probe.
-
metro6 days ago
Troops neutralise 188 terrorists, rescue 133 hostages in assault operations
-
News6 days ago
FG gives update on where fleeing Binance executive is hiding
-
Entertainment6 days ago
Tolani Baj expresses love for Bobrisky
-
metro6 days ago
Viral video: Edo CP orders trial of officer threatening people with gun
-
News5 days ago
NLC, TUC jointly propose N615,000 new minimum wage
-
News7 days ago
New electricity tariff may drop if naira rebounds further – Adelabu
-
metro7 days ago
Breaking: Bobrisky sentenced to six months imprisonment without option of fine
-
Business6 days ago
Naira continues gain, sold N1,150/$ at parallel market