Federal Government Recovers #288Billion Looted From Googluck Jonathan's Regime

The Federal Government has revealed a figure of massive loot recovered from the corrupt public office holders who served under the previous administration.

A total of N288.6 billion of looted funds in the previous regime of ex-President Goodluck Jonathan has so far been recovered by the Muhammadu Buhari’s administration, the Director-General of Budget Office, Ben Akabueze has said.

This was even as the Minister of Budget and National Planning, Udo Udoma has allayed fears over the non approval of the Medium Term Expenditure Framework, MTEF by the National Assembly before the presentation of the 2017 budget estimates last week, according to the Vanguard.

Similarly, the Minister of State for Budget and National Planning, Zainab Ahmed also admitted that the Social Intervention Scheme otherwise called N-Power jobs piloted by the Federal Government has not performed fairly well.

The officials spoke while fielding questions from Journalists at the 2017 Budget Breakdown organized by the Ministry of Budget and Planning at Old Banquet Hall of the Presidential Villa, Abuja yesterday.

Akabueze said: “A total of N288.6 billion. This includes N97.6 billion which is equivalent of $220 dollars expected from the swiss, part of what is called Abacha loot recovery. Then it also includes N72 billion that has already been received in recent cases of loot recovery. And a balance of N90billion.

“Other expected recoveries that are at an advanced and reasonable stage that we feel comfortable and confident that they would come through in 2017 and so they have been reflected in the budget.”

Udoma on his part said that the National Assembly which already had both the MTEF and the budget would work on them at their own pace.

He also underscored the determination of the government to pull Nigeria out of recession.