...towards a better life for the people
ONLINE | www.vanguardngr.com
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VOL. 25: NO. 62685
N150
WEDNESDAY, FEBRUARY 3, 2016
Blame Obasanjo, other leaders for our woes — Saraki
HOW FUNDS WERE LOOTED Year
Amount
How
1998 2012-2014 **** 2000-2013 2003-2015
$2m $321.689m (N64Bn) $12.7 Bn $33.144Bn (N20.6 trn) $2trillion
Money laundered by Abacha Financial system’s loss Internet fraud Illicit flows Recovered and confiscated
5
MONEY LAUNDERING:
EFCC recovers looted $2trn in 12 years— AGF By Ikechukwu Nnochiri
•Says Abacha looted over $2m in 1998 alone A •Adds Buhari has vowed to recover every kobo
BUJA—THE Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, yesterday, said the Economic and Financial Crimes Commission, EFCC, has so far recovered more than $2 trillion (about N400trn at current exchange rate) looted from the national treasury. Of the huge funds he said were stolen by “criminal groups and Continues on Page 5
No subsidy paid in January — Kachikwu 8 VISIT: From left: Chief Bisi Akande, Ooni of Ife, Oba Adeyeye Ogunwusi(Ojaja ll); National Leader of All Progressives Congress, APC, Asiwaju Bola Ahmed Tinubu; Oba Saridi Ademola Elegushi(Elegushi of IkateLand), during a courtesy visit to Tinubu at his residence in Ikoyi, Lagos, yesterday.
Ugwuanyi wades into Umode, Oruku 6-yr communal war See Inside C M Y K
COLUMNISTS:
How ex-Gov Dariye shared N1.2bn ecological fund—EFCC P.39
P.17 TABIA PRINCEWILL
Fixing Nigeria’s ‘socially useless' banks
DEAR
BUNM
Did my husband infect me?
P.19 ROTIMI
FASAN
Nigerians, social media and public office holders
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FIRS sets N4.957trn target for 2016 8
Mr & Mrs