Nigerian govt recovers $151 million, N8 billion looted funds through whistleblowers – Minister

The Federal Government said it recovered another $151 million and N8 billion looted funds from three sources through whistleblowers.

The Minister of Information and Culture, Lai Mohammed, disclosed this in a statement issued on Sunday in Lagos.

Mr. Mohammed said actionable information given by whistleblowers to the office of the Minister of Justice and Attorney General of the Federation led to the recovery of the looted fund.

He said the looted  funds do not include the $9.2 million cash recently recovered from a former Group Managing Director of the NNPC, Andrew Yakubu, also through the whistle-blower policy.

Mr. Yakubu has since been arrested by the EFCC.

“The biggest amount of $136.7 million was recovered from an account in a commercial bank, where the money was kept under an apparently fake account name,” Mr. Mohammed said.

“This was  followed by N7 billion and 15 million dollars from another person and  N1 billion from yet another.”

The minister reiterated the position of government that there was a primitive and mindless looting of the national treasury under the last administration.

 

 

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Nigerian govt recovers $151 million, N8 billion looted funds through whistleblowers – Minister

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Pada February 12, 2017