Within the last three years, looted funds recovered by the Federal Government were used to partly finance annual budgets.
The Attorney-General of the Federation and Minister of Justice Mr Abubakar Malami (SAN) said this during a stakeholders’ validation retreat to finalise the second Nigeria Open Government Partnership National Action Plan.
He said the Federal Government had intensified its anti-corruption war by approving the harmonised National Anti-Corruption Strategy.
Malami explained that the Asset Recovery and Management Unit in the Federal Ministry of Justice served as the secretariat responsible for the implementation of NACS.
He stated that high level transparency in asset recovery had been achieved by the Federal Government in the last three years.
He said “With respect to the commitment under anti-corruption thematic, the Federal Government has approved the harmonised NACS.
“Greater transparency in asset recovery has been recorded in the past three years and these have been applied towards the implementation of Nigeria’s annual budget as well as in social investment for the poor.”
Source: Punch Newspaper.
