Not less than One Trillion naira has been recovered from corrupt officials between 2017 and 2018 by the Federal Government. Itsey Sagay, the Chairman of the Presidential Advisory Committee Against Corruption has disclosed.
Speaking with newsmen after a meeting with the President on Thursday, Sagay said judging from the amount spent on the Social Investment Programme in two years, one could easily infer the amount recovered as the scheme mainly drew its fund from recovered looted funds.
“I think the Minister of Information is best placed to say how much (has been recovered) but I can say roughly internally its almost about N1 trillion because you see that in 2017 N500 billion was spent on this Social Investment Programme and in 2018 the same amount for the program. So it must be roughly about N1 trillion although we also have monies that were recovered from abroad being ploughed back into the same system.
Sagay also said its anti-corruption advisory committee has succeeded in devising policies where ‘corruption’ in the petroleum sector.
“In the era of corruption you will be surprised if you think back that nobody talks about fuel subsidy corruption anymore. Previously we were losing almost N400 billion every year on fake fuel subsidy payments but now, it is zero. So generally the tone of the country has improved. The country has gained tremendously, corruption has gone down. There is still corruption but it has gone down and anybody who indulges particularly an officer of a state who I gages in it knows the risk he is taking. We have the TSA, we have the bank verification number, all those things have made an incredible change in our level of anti corruption.
“Now you cannot hide money in the banks anymore and agencies cannot hide money in various banks accounts which they spend without the knowledge of the government. Everything is in one place, everything is transparent, thanks to this government. He said.
