Looted funds: EFCC, ICPC recovered $105.9m not $967.5b - Fagbemi
The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, has denied reports that the Federal Government recovered $967.5 billion in stolen funds.
Fagbemi stated this in a statement he signed and released yesterday. Athletes’
His words, “In 2024 alone, the Economic and Financial Crimes Commission reclaimed over N248 billion, $105 million, and 753 duplexes. The Independent Corrupt Practices Commission also recovered N29.685 billion in cash and $966,900 in assets.”
From 2017 to date, the AGF said Nigeria had worked with international partners to recover about $763.7 million and £6.47 million, noting that around $102.88 million and £2.06 million were recovered in 2024.
Calling on media houses that published the wrong $967.5 billion figure to correct their reports, Fagbemi said: “The figure quoted by the writers is false and completely at variance from my remarks.”
He went on to praise the Tinubu led administration transparency, emphasizing that recovered funds are used for important projects.
“From 2017 to 2024, recovered funds helped fund critical infrastructure like the Lagos-Ibadan Expressway, the Second Niger Bridge, and the Abuja-Kano Road. “Asset recovery is key to fighting corruption and building trust in government. Nigeria has earned global recognition for its efforts, and we will continue to pursue transparency and justice.”
