Looted funds recovered by the President Muhammadu Buhari’s administration were judiciously utilized for high-impact public
oriented project, Attorney-General of the Federation and Minister of Justice, Abubakar Malami SAN has said.
This is contained in a statement signed by Dr. Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations, Office of the Attorney-General of the Federation and Minister of Justice and made
available to newsmen on Tuesday 3rd March, 2020.
According to the Minister, the major amount recovered after coming in
place of this government which was $322m as recovered from Swiss were transparently and judiciously utilized for the projects specified in
the agreement by the parties involved; the Swiss Government and the Federal Government of Nigeria.
Malami said the application of the fund was monitored by World Bank and Civil Society Organisations in the areas of Social Investment
Programmes including N-power, School-feeding and associated
interventions overseen from the office of Vice President, Prof. Yemi
Osinbajo.
“The money was judiciously applied for the purpose for which it was
meant for and none of the parties; neither the Swiss government, nor
the World Bank, much less of the Civil Society Organisation raised any
question regarding reputation relating to the application of the
funds,” he said.
According to the Minister looted funds expected from the United States of America and the Island of Jessy are yet to be received by the
government, “so the issue regarding embezzlement or misappropriation of same is an imaginary illusion which does not even arise as the money has not yet been repatriated to Nigeria”.
The role of the PDP relating to transparency and accountability over the looted assets can best be appreciated with particular reference to the 2003 agreement brokered by the PDP government and the question of liability and accountability raised by Falana can best be answered by the implications of the 2003 agreement.
He said looted monies recovered before 2015 were substantially recovered by past governments that should be made to account on the application or otherwise of the funds.
Dr Umar Jibrilu Gwandu
(Special Assistant on Media and Public Relations, Office of the Attorney-General of the Federation and Minister of Justice)
