ADVERTISEMENT

Abacha's recovered loot to be added to 2017 budget

The 2017 proposed budget will include loots recovered by the FG from foreign countries and internally.

 

According to a report by Daily Trust, the proposed budget of N7.28 trillion for 2017 will include over N565billion stolen funds that have been recovered by the government.

It was further reported that the revelation was made in a revised Medium Term Expenditure Framework (MTEF) submitted to the National Assembly last week.

As the FG remains hopeful of recovering the fund before the implementation of the 2017 budget, President Muhammadu Buhari is expected to present the proposed budget to lawmakers at a joint session of the National Assembly.

ADVERTISEMENT

The 2017 proposed budget visibly has an increase of ‎about 19.95 per cent over 2016 budget of N6.07 trillion.

The recovered funds included N261billion domestic recoveries and another N205.5 billion tagged “other FGN recoveries.”

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Woman saves animal from the streets — then she finds out it is something else

Woman saves animal from the streets — then she finds out it is something else

Alake calls on Badaru to fish out illegal miners, violators of mining laws

Alake calls on Badaru to fish out illegal miners, violators of mining laws

Divers find bodies of 2 people who drowned after Baltimore bridge collapsed

Divers find bodies of 2 people who drowned after Baltimore bridge collapsed

INEC rejects LP's National convention in Anambra, questions venue change

INEC rejects LP's National convention in Anambra, questions venue change

8 people including professor declared wanted over killing of 17 soldiers

8 people including professor declared wanted over killing of 17 soldiers

INEC to publish credentials of 17 Edo governorship candidates on Saturday

INEC to publish credentials of 17 Edo governorship candidates on Saturday

Hardship: Abiodun to begin sale of rice to Ogun residents at 50% discount

Hardship: Abiodun to begin sale of rice to Ogun residents at 50% discount

Labour Party offers Peter Obi 2027 presidential ticket unopposed

Labour Party offers Peter Obi 2027 presidential ticket unopposed

Allow us build seaports, railways to develop the South-East - Ohanaeze tells FG

Allow us build seaports, railways to develop the South-East - Ohanaeze tells FG

Pulse Sports

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

Michelle Alozie: I had to do it because of African referees

Michelle Alozie: I had to do it because of African referees

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

ADVERTISEMENT
ADVERTISEMENT