Skip to main content

Recovered loots are intact - Lai Mohammed

The Minister of Information, Culture and Tourism, Alhaji Lai Mohammed, has stated that money recovered from corrupt persons by the Federal Government is intact.

Mohammed said the recovered funds would be used for infrastructural and social development, adding that the Federal Government had set up an asset recovery committee to ensure that the money recovered from individuals and organisations were returned to the Ministry of Finance.

The minister, who spoke in Umuahia, the Abia State capital, on Monday during a town hall meeting with and the inaugutration of ‘The change begins with me campaign,’ pointed out that the recent whistle-blower policy introduced by the Federal Government had facilitated looted funds recovery.

He assured Nigerians that nobody could loot any money recovered from looters under the watch of President Muhammadu Buhari.

He said government was committed to keeping its promise that certain percentage of any money recovered would go to the person that supplied the information that would lead to the recovery of stolen money.

The minister blamed the high cost of commodities in the country on corruption, pointing out that there was no economy that would experience the level of looting in Nigeria without having prices of goods and services shoot up.

He said, “If one person was found with almost $10m in an uncompleted building, another one was found with $136m in a fake account and another one was also found with N7bn, all this through the whistle-blower policy, and money that were meant for infrastructural development and services; that is why you cannot do anything about the economy without fighting corruption.”

On the state of President’s health, Mohammed insisted that Buhari was not sick but on vacation.

He said, “The President called me at exactly 2.43pm on Saturday, if he is in the hospital, as the Minister of Information I will do a news bulletin on that but he is not critically sick nor is he in the hospital, there is absolutely no cause for alarm.”

Ministers that accompanied Mohammed to the meeting were the Minister for Labour and Employment, Dr. Chris Ngige; the Minister for Agriculture, Chief Audu Ogbeh; the Minister for Industry, Trade and Investment, Okechukwu Enelamah; and the Minister of State for Mines and Steel, Abubarkar Bwari.


Popular posts from this blog

Music: Rhythm - Favour mp3

Richard Adebayo as known by his stage name "Rhythm" is a Port Harcourt based artist, and one of the city's fastest rising artists. After dropping three hit singles, “Condo, Roll up and Wait", he has come with another hit single titled “Favour".

Download and enjoy.

Download Song

Music: MrEra - Dance mp3

Emmanuel Richard Angaye, known for his stage name Era, is a Nigerian based singer and songwritter.  He dropped his first single tittled ''APROKO'' . Here comes his latest single, tittled ''DANCE'', Prod by Dj Howlbert OTB.
I bet you, your gonna love this one.


The Niger Delta As A Microcosm Of Nigeria | Eugene Abels | TEDxPortHarcourt

Despite being abundant in human and natural resources, violence and decline in development prevail in the Niger Delta region of Nigeria. In this talk, Eugene Abels invites us to stop pointing fingers at governments, unite and reflect on our history and also, to change our thought patterns, attitudes and habits in order to create the community/nation we want.

A deliberate Change Agent and technocrat committed to international best practices who has in three decades traversed the Real, Banking and Public Sectors of the Nigerian Economy, Eugene Irefa Abels was born, bred and schooled in Port Harcourt, Rivers State, Nigeria. He hails from two oil producing Communities, Nembe and Finima and believes that they are a microcosm of the Niger Delta Region.

An exponent of the need to exorcise our Colonial past from the souls of our public servants and elected officials, he believes the art of governance has been reduced to the single person pronoun ‘I’ whereas ‘we the people’ holds no relevance.