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Some of the ships seized by the Economic and Financial Crimes Commission have begun to sink in waters across the country, while many of those temporarily and permanently forfeited by suspected corrupt persons are being damaged due to lack of maintenance, The PUNCH has reliably learnt. Sources in the know of the development at the…

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By Ndubuisi Francis About 24 hours after the Accountant-General of the Federation, Alhaji Ahmed Idris, claimed that the recovered £4.2 million loot had been returned to Delta State, the Office of the Accountant General of the Federation (OAGF) has recanted clarifying that “for now, no money has been returned to Delta State.” Idris had on Tuesday appeared before the House of Representatives Ad-hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from ...

The Accountant General in a statement issued by Director, Information, Press and Public Relations, OAGF, Mr. Henshaw Ogubike said the clarification became necessary to put the records straight following media reports on the money. The statement reads, “ The money is still being awaited, after which the issues around it will be resolved before further action is taken. “For now, no money has been returned to Delta State. “This is the true position as regards the £4.2m Ibor...

By James Emejo The Accountant General of the Federation (AGF), Mr. Ahmed Idris, Wednesday clarified that the recovered £4.2m Ibori loot had not been returned to Delta State. He said the issue surrounding the loot had “not been properly resolved”. Ahmed said the clarification became necessary to put the records straight following media reports on the money. In a statement issued by Director, Information, Press and Public Relations, OAGF, Mr. Henshaw Ogubike, Idris, said, “The money is s...

Punch Newspapers Sections Published 25 May 2021 MOST of those invited by the House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loot, Movable and Immovable Assets from 2002 to 2020 by Agencies of Federal Government of Nigeria for Effective/Efficient Management and Utilisation failed to show up at the investigative hearing held in Abuja on Monday. The committee consequently dismissed their representatives and summoned the concerned heads of ministries, departm...

By Adedayo Akinwale The Accountant General of the Federation, Mr. Ahmed Idris, has revealed that the £4.2 million loot recovered from a former Governor of Delta State, James Ibori, and his associates, which was recently repatriated from the United Kingdom, has been returned to Delta State. Idris’ disclosure was however contrary to the stance of the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), who had said the agreement the federal government had ...

Punch Newspapers Sections Published 24 May 2021 THE House of Representatives has invited ministries, departments and agencies of the Federal Government as well as top officials, the private sector and civil society organisations to explain the status of looted funds and public assets recovered in the last 18 years. The Ad Hoc Committee on Assessment and Status of All Recovered Loot, Movable and Immovable Assets from 2002 to 2020 by Agencies of Federal Government of Nigeria for Effective/Efficie...

Malami, Ahmed, Emefiele Appear Before Reps Over Looted Assets Probe Posted by African ExaminerFeatured, Latest News, News Across Nigeria Monday, May 24th, 2021 (AFRICAN EXAMINER) – The House of Representatives has invited ministries, departments and agencies of the Federal Government as well as top officials, the private sector and civil society organisations to explain the status of looted funds and public assets recovered in the last 18 years. The Ad Hoc Committee on Assessment an...