Chairman of the Presidential Advisory Committee Against Corruption (PACAC), Itse Sagay, on Thursday, said that the Federal Government’s anti-corruption war has led to recovery of about N1 trillion locally since the inception of the Muhammadu Buhari administration.
Sagay, while briefing State House Correspondents after leading members of PACAC to meet with President Buhari, also announced that the funds have been ploughed back to fund government Social Investment Programme (SIP).
The funds, which Sagay said represents the local components of the total funds recovered so far, are part of the over $400bn reportedly looted from public treasury,
He disclosed that the amount excludes the foreign components of the various sums recovered so far by the various anti-corruption agencies set up by the Federal Government.
“These recoveries are unprecedented in the history of this country,” Sagay said.
“People are asking what the money has been used for. I want to tell Nigerians that the money is what the government is using to carry out its Social Investment Programmes, such as the school feeding programme,” he said.
Details later.
