There is no exact figures of looted funds abroad says Abubakar Malami

Abubakar Malami
 

The Attorney General of the Federation, Abubakar Malami (SAN) has made it known that the Federal Government has no exact figure of Nigeria’s looted funds abroad.

The Attorney General of the Federation, Abubakar Malami (SAN) has made it known that the Federal Government has no exact figure of Nigeria’s looted funds abroad.

He revealed this at a Media Roundtable on Open Government Partnership in Abuja.

He said: “It is impossible to give a clear figure against the background of complexity, differences of rules, approach and processes, at international communities.“Also, investigations which are ongoing and keep changing, and there are also cases in court with different jurisdiction and dynamics, so it is impossible to arrive at an exact amount”.

The minister added that the Open Government Partnership, to which Nigeria became a signatory July 2016, would enhance the nation’s drive in this regard.

He said, “The Federal Government of Nigeria has set up an OGP National steering committee with the Federal Ministry of Justice as the coordinating ministry.

“The government will also continue to pursue reform programmes on transparency and accountability in promoting asset disclosure, improved public procurement, promoting fiscal transparency and empowerment.

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