Home Finance Malami clarifies that recovered funds are not channeled to his office

Malami clarifies that recovered funds are not channeled to his office

by Jibson
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According to report reaching oyogist.com, the Attorney General of the Federation, AGF, and Minister of Justice, Abubakar Malami has clarified that recovered funds are not channeled to his office.

Malami said that the Federal Government has a designated account at the Central Bank of Nigeria for all recovered assets to be domiciled.

There had been widespread accusation that the AGF’s office benefitted to the tune of N2B from the recently repatriated money from the United Kingdom for undisclosed services.

However, the Minister in a statement made available to oyogist.com on Thursday denied the allegations that two billion naira was paid to his office from the recovered funds.

The statement was made available by his Special Assistant on Media and Public Relations, Dr Umar Jibrilu Gwandu and released in Abuja

According to the statement, “prior to the repatriation of all the recovered assets, Nigeria and relevant nations have signed Memorandum of Understanding as to what the monies will be put to and that the government has been working in compliance with all the provisions of multi-national agreements reached.

“It was on the bases of the application of the said funds in line with the agreements that Nigeria earns reputation among international committee of nations which translated into further recoveries.”

He said, “Abubakar Malami has neither as a person nor as the Attorney General of the Federation and Minister of Justice in any way receives any funds from the recovered assets.

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