Nigeria's Minister of Justice and Attorney-General, Abubakar Malami, has asked the National Assembly to approve a commission of 2.5 percent of recovered loots to be paid to the Asset Recovery Unit in his office.
“We are progressively making vital recoveries of our looted funds stashed abroad. However, let me affirm that the legal procedural requirements for these recoveries are all-together tasking and cumbersome,” he said.
“Most times, we have to engage the services of well-grounded lawyers and consultants to effect recovery. To smoothen our operations in this regard, it was deemed expedient to establish Asset Recovery Unit in my office and so far, the effort is quite sultry.
“I will like to reiterate my request to the effect that about 2.5 percent of the recovered looted money to be earmarked to the Asset Recovery Unit to service logistics, operational cost, payment to private lawyers and consultants.”
Malami has been accused of authorising the payment of $15 million to lawyers for purportedly helping to facilitate the recovery of the Abacha loot. The payment became controversial because the lawyers reportedly did little to deserve that amount since the bulk of the work had already been done by Swiss lawyers.
The lawmakers were favourably disposed to Malami’s request for a 2.5 percent commission and told him to send it to the National Assembly in the form of a bill to avoid being misinterpreted as “padding”, especially when the money was not contained in the budget for 2020.
In his remark, Chukwuka Utazi, supported the request when he argued that such appropriation will greatly facilitate the recovery of more looted funds.
The lawmaker praised Malami’s loyalty and consistent fight or Nigeria since 2015.
Judgement Debt
The minister also requested an extra N30 billion to his ministry to service judgment debts annually. This, he said, is because Nigeria’s judgment debt has risen to N150 billion.
He explained that the judgment debt arose from bad cases, contract failures, damages and especially fines against human rights abuses. He also said the country was facing ” hydra-headed challenges meeting up with the obligations.
Meanwhile, the total budgetary allocation for the entire Ministry of Justice is N33 billion.
The minister said while N10 billion was paid in 2017, N150 billion remains unpaid; prompting beneficiaries to mount severe pressure on the ministry.
“The Ministry of Justice was mandated to take inventory and explore avenues for the payment of judgment debt. This has arisen because it was only in 2017 that the sum of N10 billion was disbursed for the payment of judgment debt as an operative. As it stands, the sum of over N150 billion remains unpaid, prompting beneficiaries of this sum to keep mounting pressure on the ministry.
“I hereby request that you intervene on these long-standing issue by appropriating the sum of N30 billion annually to mitigate this challenge to forestall approved interest and unwarranted litigations arising from our failure to effect payment,” he said.
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