- The Independent Corrupt Practices Commission has revealed how looted funds were recovered
- The commission claimed the sum of N32.5 billion has been recovered from 2006 to 2017
- The recovered loot are in cash and properties
The Independent Corrupt Practices Commission (ICPC) has revealed that the sum of N32.5 billion looted fund were recovered from Nigerians between 2006 to 2017.
NAIJ.com gathered that most of the recovered money were in cash and landed properties.
Below is the breakdown of the recovered loot according to an infographics presented by the Transparent IT NG:
1) N28.7 billion recovered
2) N50 million estimated value of farmland recovered
3) N1.47 billion estimated value of uncompleted buildings
4) N415.8 million estimated value of plots of land recovered
5) N1.35 billion estimated value of completed buildings recovered
6) N546 million estimated value of vehicles recovered
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Meanwhile, NAIJ.com earlier reported that based on the proposed law currently awaiting second reading in the House of Representatives, looters of Nigerian treasury may get “full and complete amnesty”.
The features of the proposed law will grant looters the opportunity to escape any form of probe, inquiry or prosecution after fulfilling certain conditions.
The said looters shall not be forced by any Nigerian authority to disclose source of the looted funds.
Watch video of officials of Nigerians saying how looters should be punished: