How Nigeria Recovers 1 Trn Naira From Looters – Sagey

The Chairman of the Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, on Thursday declared that about 1 trillion naira has been recovered from the proceeds of corruption perpetrated by Nigerians in the country.

According to him, that figure did not include those recovered from outside Nigeria.
He spoke with State House correspondents after meeting with President Muhammadu Buhari at the Presidential Villa, Abuja.
The said that the recovered funds are being ploughed back into the national budget every year.
The funds, he said, has been used to fund the activities of the Social Investment Programmes.
He also declared that rate of corruption has drastically reduced in Nigeria due to sustain efforts to fight the menace by the present administration.
On corruption fighting back, he said that the 8th National Assembly had spearheaded the ganged up against anti-graft battle in the country.
But he noted that corruption fighting back has reduced with the inauguration of the 9th National Assembly.

He also said that panel has stopped N400 billion yearly loss to fuel subsidy