Home News FG recoups N120 billion from criminal proceeds

FG recoups N120 billion from criminal proceeds

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Under President Muhammadu Buhari’s watch, the Federal Government recovered N120 billion from the profits of crime.

This was said by Lai Mohammed, the Minister of Communications and Culture, on Wednesday in Abuja at the 8th Edition of the “PMB Administration Scorecard Series (2015-2023).

He clarified that the Proceeds of Crime (Recovery and Management) Act, 2022’s implementation was what led to the recoveries.

In order to ensure transparency, he continued, “A seized and Forfeiture Properties Account with the Central Bank of Nigeria has been opened by competent agencies as a result of the implementation of POCA.”

He said that the money was utilized to help build the second Niger Bridge, the Lagos-Ibadan, and the Abuja-Kano expressways.

“I can attest that the Federal Government has so far earned about N120 billion from POCA, among other currencies.

The Second Niger Bridge, the Lagos-Ibadan and Abuja-Kano expressways, among other important ongoing infrastructure projects in the nation, would be completed with the help of this funding. We’ll keep you informed on this, he said.

 

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