Monday, September 24, 2018

Tag "loot"

    Buhari: We’ll continue to deprive looters fruits of their crimes

Buhari: We’ll continue to deprive looters fruits of their crimes

President Muhammadu Buhari says his administration will make sure that looters do not enjoy the fruit of their crimes.Buhari said this on Thursday when he received the report of the committee he set up to audit recovered funds.He described corruption as a threat to the well-being, national security, and economy of Nigeria."We will not allow the wanton diversion and embezzlement [...]

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    SERAP opposes planned sharing of Abacha loot, calls it ‘mere tokenism’

SERAP opposes planned sharing of Abacha loot, calls it ‘mere tokenism’

The Socio-Economic Rights and Accountability Project (SERAP) has asked the federal government to reconsider its plan to share the $320bn Abacha loot among poor households in Nigeria.In May, President Muhammadu Buhari said the recovered loot will be put into the conditional cash transfers (CCT) scheme targeted at the “poorest of Nigerians”.Tukur Rumar, representative of the National Cash Transfer Office (NCTO), [...]

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    Buhari: US collaborating with Nigeria to repatriate $500m loot

Buhari: US collaborating with Nigeria to repatriate $500m loot

President Muhammadu Buhari says his government is in talks with that of the United States on how to repatriate $500m looted fund stashed in banks worldwide.The president disclosed this while addressing journalists after his meeting with President Donald Trump at the White House.According to him, the attorneys-general of both countries will work together to ensure the return of the fund.“Our [...]

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    CSOs: We’ll monitor how Abacha loot is spent

CSOs: We’ll monitor how Abacha loot is spent

Some civil society organisations (CSOs) have decided to monitor how the $321 million repatriated from the Swiss government as part of the fund stolen by Sani Abacha, former military head of state, is spent.The organisations made this known on at a citizens' dialogue on 'Trending Corruption Issues in Nigeria' organised by Strengthening Citizens Resistance Against Prevalence of Corruption (SCRAP-C), a [...]

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    Buhari sets up committee to audit recovered ‘loot’

Buhari sets up committee to audit recovered ‘loot’

President Muhammadu Buhari has inaugurated a committee to audit the assets recovered by government agencies.The committee, which has Olufemi Lijadu, Gloria Bibigha and  Mohammed Nami as members, is expected to audit all recoveries from the beginning of this administration until April 10, 2017.It has been given four weeks to submit its report.Speaking at the inauguration which held at the presidential villa [...]

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    FG to recover $321m loot from Switzerland 

FG to recover $321m loot from Switzerland 

The federal government says it is set to recover another $321 million looted fund from Switzerland, in addition to the $85 million earlier recovered.Abubakar Malami, minister of justice and attorney-general of the federation, said this on Wednesday while speaking to state house correspondents after the federal executive council meeting."As you are aware, the federal government has been making efforts to [...]

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    Funds ‘stolen’ by Diezani ‘can build six world-class airports’

Funds ‘stolen’ by Diezani ‘can build six world-class airports’

The Buhari Media Support Group (BMSG) says the loot reportedly traced to Diezani Alison-Madueke, former minister of petroleum resources, could build six world-class airports in the country.In a statement issued on Thursday by Austin Braimoh and Cassidy Madueke, its chairman and secretary respectively, the group said the federal government could use part of the loot to build such airports in [...]

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    Lai: We owe looters obligation to respect their privacy

Lai: We owe looters obligation to respect their privacy

Lai Mohammed, minister of information, says the federal government owes indicted persons who have voluntarily returned their loot the obligation to respect their privacy.Speaking on Channels TV on Sunday, Mohammed said some of those indicted in the anti-graft war had voluntarily returned their loot.He said releasing their names was not “morally right”, adding that some of them were not aware [...]

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    Lai: Looters now burying money in cemeteries, deep forests

Lai: Looters now burying money in cemeteries, deep forests

Lai Mohammad, minister of information and culture, says looters of public funds are now burying money in cemeteries and in deep forests.He said this in a statement issued by Segun Adeyemi, his spokesman, on Sunday.He said the whistle-blower policy had led to the recovery of looted funds in many currencies that might not have been discovered, describing it as an [...]

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    Dabiri-Erewa: to US: You can’t give us $1bn aid and keep $1bn of our stolen wealth

Dabiri-Erewa: to US: You can’t give us $1bn aid and keep $1bn of our stolen wealth

Itse Sagay, chairman of the Presidential Advisory Committee against Corruption (PACAC), on Thursday said Nigeria could lose $550m recovered from the Abacha family to the United States.Speaking on Thursday at a news conference on asset recovery, organised by PACAC and the office of the senior special assistant to the president on foreign affairs and the Diaspora, Sagay said Nigeria had [...]

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    Magu: EFCC ought to retain a percentage of looted funds

Magu: EFCC ought to retain a percentage of looted funds

The Economic and Financial Crimes Commission (EFCC) wants a review of Nigerian  laws to enable anti-graft agencies retain a percentage of looted funds.Ibrahim Magu, acting chairman of the commission, made the request at the national anti-corruption conference organised by the presidential advisory committee against corruption (PACAC) and the national assembly in Abuja.The conference, which began Tuesday, will end Wednesday.Magu  said the review would be in line [...]

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Exchange Rates

September 21, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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