Lai Mohammed: FG recovered N120bn from crime proceeds

Lai Mohammed: FG recovered N120bn from crime proceeds

The Nigerian government says it had realised at least N120 billion as proceeds from criminal financial operations since the Bill on Proceeds of Crime Recovery Management was signed into law earlier this year by President Muhammadu Buhari, according to Lai Mohammed.

The Minister of Information, Alhaji Lai Mohammed, made the announcement at a news conference when the Minister of Environment presented the scorecard of the ministry under the Buhari administration in Abuja on Wednesday, December 7.

Lai Mohammed said, “I have an update on the Proceeds of Crime (Recovery and Management) Act (POCA), 2022. In line with the new law, all relevant government agencies have now opened ‘A confiscated and Forfeiture Properties Account with the Central Bank of Nigeria (CBN).

“I can confirm that the Federal Government has realized over 120 billion Naira, among other currencies, from POCA.

“This money will be used to fund the completion of ongoing critical infrastructure projects in the country like the Second Niger Bridge as well as the Lagos-Ibadan and Abuja-Kano Expressways. We will continue to update you on this.”

Meanwhile, Dele Momodu, Director of Strategic Communication of the Peoples Democratic Party (PDP) campaign council, has criticised the performance of Bola Tinubu at the Chatham House.

On Monday, Tinubu, presidential candidate of the APC, spoke at Chatham House, United Kingdom.

Equally important, he listed the action plan he intends to implement for Nigeria if elected in 2023.

During the engagement, Tinubu asked some persons on his team; including Femi Gbajabiamila, Speaker of the House of Representatives; Kayode Fayemi, former governor of Ekiti; as well as Nasir el-Rufai, governor of Kaduna — to answer questions on his behalf.

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In a statement issued on Tuesday, December 6, 2022; Momodu, publisher of Ovation magazine, said Tinubu was expected to “sell” his vision and not to use proxies.

“The Bola Tinubu handlers fumbled, and bungled it big time. They showcased him like a packaged invalid. It would have been better to present him as a brilliant politician and administrator; warts and all, who’s capable of independent thoughts,” the statement reads.

“No man is perfect. His gaffes would have been more pardonable and acceptable. He was expected to sell his own vision and mission.”

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