EFCC recovers looted $2trn in 12 years- AGF

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...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

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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


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