The federal government says it has recovered $1 trillion since taking office in 2015.
The Minister of Justice and Attorney-General of the Federation, Abubakar Malami, disclosed this when he briefed them on the outcome of the Federal Executive Council (FEC) meeting held in Abuja on Wednesday.
The council meeting was chaired by President Muhammadu Buhari.
Mr. Malami said the gains from the fight against corruption were channeled into the nation’s economy as a means of impacting the livelihood of Nigerians through programs such as the school feeding program and tradermoni, among others.
According to him, the Council approved the extension of the National Anti-Corruption Strategic Document from 2022 to 2026.
According to him, the approval was given after the presentation of the report on it in the municipal council.
“Today, the office of the Attorney General of the Federation has tabled a note in council seeking approval to validate, adopt and extend the National Anti-Corruption Strategy Document 2022 to 2026.
“I am happy that the warning was taken, deliberated and finally accepted by the council.
“The result of this is that we now have in force a new anti-corruption strategy and policy document, which is the result of cooperation between the justice sector and law enforcement agencies,” said the minister.
According to Mr. Malami, this follows the string of successes recorded in the fight against corruption, which is a hallmark of the Buhari administration.
“Today, we are recording successes in terms of convictions for corruption to the extent that we have recorded over 3,000 convictions within one year (2022) by a single government agency like the EFCC,” he said. .
N14.09 billion for Kano road
Also addressing correspondents on the outcome of the meeting, the Minister of Works and Housing, Babatunde Fashola, said the Council approved N$14.09 billion as an increase in the amount of the contract for the construction of a road in Kano State.
He said the contract was inherited from previous administrations, indicating the determination of the Buhari administration to terminate the project.
“The Ministry of Works and Housing presented a notice to the council to seek approval to increase the contract price for the completion of the Kano West Bypass which we inherited.
Mr. Fashola said, “The project was basically not funded in previous budget years. Now we are running it through Sukuk Bond.
“The board considered and approved the increase of N14.095 billion.”
Among the concepts covered by the increase is the old amount of Value Added Tax (VAT), which was increased from 5 to 7.5 percent.
“Others are the need to build a flyover at Dawanau International Market Exchange and also the need to build more hydraulic facilities.
“This is mainly to help drain the water on the sections of road that pass through urban centers and towns and the council approved this,” he added.
According to Mr. Fashola, the road, when completed, will link the Kano-Maiduguri Expressway which is almost completed.
He also said the ministry has sought the council’s approval to use the approved funds to construct a trailer park along the Enugu-Port Harcourt road to complete the main carriageway.
”This is because of the dispute we are facing from the communities where the trailer park is to be located, because they acquired the land to build the park.
“In order not to delay the completion of the main question and also to optimize today’s prices, we asked for approval and it was approved by the council as recommended,” Mr Fashola said.
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