‘Looted Funds Recovered Under Buhari Now Missing From CBN’ – SERAP

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SOCIO-ECONOMIC Rights and Accountability Project (SERAP) has alleged that all the stolen public funds recovered by the immediate past government of Muhammadu Buhari are missing from the Central Bank of Nigeria (CBN).

In a tweet via its X handle on Wednesday, SERAP noted that the missing looted funds were discovered when the management of the apex bank could not account for them.   

“BREAKING: Recovered stolen public funds between 2016 and 2019 are reportedly missing from the Central Bank of Nigeria [CBN]. The Auditor-General of the Federation wants the CBN to account for the money,” the group wrote on X.

The Human and Environmental Development Agenda (HEDA) Resource Centre had earlier disagreed with the Nigerian government on the amount of looted funds the latter said it recovered from 2015 to 2022.

The Buhari Government, however, disclosed that over One Billion Dollars were recovered as looted funds by the administration within seven and a half years.

The former Attorney-General and Minister of Justice, Abubakar Malami, who made this known while briefing journalists claimed that $1 billion in looted funds had so far been recovered by the Buhari-led administration.

Speaking on the issue of looted funds, Malami stated that the money had been deployed to various sectors of the economy, including poverty alleviation.

Credit: Politics Nigeria

 

Eighteen-Eleven Media 

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