The Federal Government has said
the country is expecting the return of $200million from the Netherlands and
Switzerland.
According to the Attorney General
of the Federation (AGF) and Minister of Justice, Abubakar Malami, the money is
part of proceeds from the Oil Prospecting Licence (OPL) 245 Malabu oil deal.
Malami stated this during a
one-day capacity building workshop organised for judiciary correspondents in
Abuja, the nation’s capital, on Tuesday.
“On the fight against corruption
and associated recovery of looted and illicit assets, I am happy to inform you
that within the period in contention, Nigeria succeeded in recovering $311
billion from U.S. and New Jersey and the money has been repatriated to
Nigeria,” Malami said.
The Minister said due to the
anti-corruption crusade, the Federal Government facilitated the recovery of
$62billion arrears from oil companies, as part of its Production Sharing
Agreement (PSA).
The money has been paid into the
treasury to fund projects such as the Lagos-Ibadan Expressway, Kano-Abuja
Expressway and the Second Niger Bridge.
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