Ajaokuta Steel Aborted Concession Cost FG $496m – Lai Mohammed

Buhari Administration Used N120bn Recovered From Criminals To Build Roads, Bridges — Lai Muhammed

Lai Muhammed, the Minister of Information and Culture, has claimed that funds worth N120 billion recovered through the Proceeds of Crime (Recovery and Management) Law (POCA) 2022 has been devoted to building expressways and bridges by the Buhari-led administration.

He disclosed this during the eighth edition of President Buhari’s administration scorecard in Abuja on Wednesday.Information Guide Nigeria

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Recall that President Muhammadu Buhari had in May signed the Proceeds of Crime (Recovery and Management) Bill, Money Laundering (Prevention and Prohibition) Bill, 2022, and the Terrorism (Prevention and Prohibition) Bill into law to improve the country’s anti-money laundering and counter-terrorist financing framework.NYSC portal

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The President said his assent to the bills was in line with the endless commitment of his administration to end terrorism as well as other corrupt practices in the country.JAMB portal

The Minister at the event claimed the Buhari-led administration’s war against corruption was commendable through the signing of those significant bills into law.JAMB Result

The Minister said: “In line with the new law, all relevant government agencies have now opened ‘Confiscated and Forfeiture Properties Account’ with the Central Bank of Nigeria.

“The money is being used to fund the completion of ongoing critical infrastructure projects in the country like the Second Niger Bridge as well as Lagos-Ibadan and Abuja-Kano expressways”, Muhammed added.

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