Nigeria: Presidency Reveals Location of Recovered Loot


Stolen funds recovered from corrupt political leaders are currently with the Central Bank of Nigeria, The Punch reports.

Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, on Saturday said the looted fund was being returned to government coffers through the CBN.

“The looted fund is being returned through CBN. Only the bank can speak on the procedure, and how much has been returned so far,” he said.

When further asked if the President was considering pardoning those who have returned their loot or they will still be prosecuted, Adesina replied, “The President has not made a declaration on whether those who returned money voluntarily would still be prosecuted or not.”

The Minister of Finance, Mrs. Kemi Adeosun, on Friday had said FG is yet to put a specific figure to the amount of money so far returned by those who looted the treasury and that the process was still ongoing.

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