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Amaechi FG has recovered N3.4 trillion in looted cash and assets- Transportation Minister

The government has also discovered N115 billion worth of looted cash and assets in the US, UAE and UK.

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Transport Minister, Rotimi Amaechi play

Transport Minister, Rotimi Amaechi


The Federal Government has recovered a total of N3.4 trillion in cash and assets from persons who looted Nigeria’s coffers, Minister of Transportation, Rotimi Amaechi has said.

The government has also discovered N115 billion worth of looted cash and assets in the United States, United Arab Emirates and United Kingdom, according to Amaechi.

Amaechi made the disclosure on Monday, September 5, 2016, in the United Kingdom while speaking at the 34th Cambridge University International Symposium on Economic Crime.

“Our president has stopped at nothing to demonstrate that whosoever is caught in corruption related crimes will not be spared. In his days as military Head of State and through other positions he has held in public life, he has upheld a life of integrity. He is a typical example of how a leader can inspire committed followership through the force of example,” Amaechi said according to The Sun.

“As someone who has been in active politics for more than 30 years, I have learnt that many well-intended reforms are possible only if the leader can offer the requisite leadership and muster the right political will. 

“In my country, since our President, Muhammadu Buhari, was elected, he did not leave anyone in doubt that the fight against corruption will not only be taken seriously, but will form a cardinal plank of his policy direction.

“So far, he has made several pronouncements that set the tone of his commitment to strengthening anti-corruption agencies to go after anyone who has questions to answer.

“The president’s resolve was enough signal to all of us, members of his cabinet and the citizenry, that an end has come for the old ways of doing things. Currently, many people who have been indicted in one form of corrupt practice or another are being prosecuted in our courts. That, I believe is the way to show leadership and take responsibility.

“Another important factor is what I refer to as the force of example. There is very little any leader can achieve if he talks the right political talk without offering personal examples. In these days of internet and social media revolution, citizens often spend time to scrutinize the reputation and activities of any leader to find out if they are consistent with what he or she stands for in the media. Essentially leaders must practice what they preach if they expect to be taken seriously both by those within their organisations, state or country or outside,” he added.

ALSO READ: Buhari right not to release looters names – Sagay

The sum in question had previously been revealed by Minister of Information and Culture, Lai Mohammed.

Mohammed however said, on September 2, that the funds recovered from looters were not enough to revive the economy.

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