National Assembly delaying disbursement of looted funds – AGF

by on April 6, 2017
The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Mala­mi, on Wednesday accused the National Assembly of delaying the disbursement of recovered stolen public funds to projects in the country.
Malami said that the Proceed of Crime Act (POCA) Bill pending be­fore the National Assem­bly was responsible for the delay in the utilisation of the funds.
The AGF stated this in a press statement issued on Wednesday by his Spe­cial Adviser on Media and Publicity, Comrade Salihu Othman Isah.
Isah said that the AGF gave the explanation when he appeared on the Nige­ria Television Authority (NTA) live discussion pro­gramme, “Good Morning Nigeria” in Abuja.
He said that the minis­ter, who spoke on the top­ic: “Handling recovered loots”, emphasised that the Proceed of Crime Act Bill among other things intends to establish an agency that would manage the loots, recovered from unscrupulous individuals and companies.
He said: “If Proceed of Crimes Act had been pro­mulgated, we would have had in place an agency that would formulate policy on the management of recov­ered loots”.
According to him, that the Act which would mid-wife the recovered asset management agen­cy would constitute of a board headed by chairman with 20 years of cognate experience and represen­tatives would be drawn from: the Nigeria Police (NPF), the Economic and Financial Crimes Com­mission (EFCC), National Agency for Foods, Drugs Administration and Con­trol (NAFDC), the Federal Ministry of Finance, other relevant agencies and civil society groups.
Malami further empha­sised that the agency has the capacity to generate income for government from local and interna­tional sources.

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