FG Recovers Another N8bn Looted Funds

The Federal Government said it recovered another 151 million dollars and N8  billion looted funds from three sources through whistke-blowers.

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

Mohammed sad actionable information given by whistle-blowers  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 dollars in cash allegedly owned by a former Group Managing Director of the NNPC, also a  dividend of the whistle-blower policy.

“The biggest amount of 136.7 million dollars was recovered from an account.

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

He said the whistle-blower policy has started yielding fruit, few months after its adoption by the government.

“The whistle-blower policy is barely two months old and Nigerians have started feeling its impact, how a few people squirrelled away public funds."