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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.

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