• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

We Have Recovered N120bn From Crime Proceeds – Federal Govt

by Tunde Oguntola
3 years ago
in Cover Stories, Featured, News
Nigeria
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government yesterday announced the recovery of over N120 billion, among other currencies, through the Proceeds of Crime (Recovery and Management) Law (POCA), 2022.

Advertisement

Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this in Abuja at the eighth edition of the President Muhammadu Buhari (PMB) Administration Scorecard series (2015-2023).

The series was launched in October to showcase and document the achievements of the Buhari administration. The edition featured the minister of Environment, Mohammed Abdullahi.

The minister in his opening remarks said the Buhari administration’s fight against corruption was very much on track.

Mohammed recalled that the president in May signed the Proceeds of Crime (Recovery and Management) Bill, with two others into law to improve the country’s anti-money laundering and counter-terrorist financing framework.

RELATED

Analyst Hails Senate Over Passage Of Tax Reform Bills

JUST-IN: Tinubu Slams Temporary Ban On Raw Shea Export

36 minutes ago
UNILORIN Lecturers Stage Protest, Demand Implementation Of 2009 Agreement 

UNILORIN Lecturers Stage Protest, Demand Implementation Of 2009 Agreement 

2 hours ago
ADVERTISEMENT

“In line with the new law, all relevant agencies of government 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,” he said.

The two other bills signed into law by the president in May were the Money Laundering (Prevention and Prohibition) Bill, 2022, the Terrorism (Prevention and Prohibition) Bill.

Amid Fear Of Losing $23bn Revenue, Federal Govt Goes After Oil Thieves

ADVERTISEMENT

While signing the bills at the Council Chamber of the presidential villa, the president described them as being in tandem with his administration’s commitment to fight corruption and illicit financing activities.

The president had said that the new laws provided enough punitive measures and containment strategies against abuses and compromises while the inadequacy of all the repealed Acts had impacted legal actions against offenders.

He commended the National Assembly members for their tenacity, courage and commitment in ensuring that Nigeria put in place effective measures to address the menace of money laundering, terrorism, and terrorism financing.

On his part, Abdullahi said the federal government has blamed the delay in the cleanup of Ogoni land on various court cases by some interest groups in the Niger Delta.

He also noted that Nigeria continues to be severely impacted by the effect of deleterious changes in our environment with sea level rise along our coastline, progressive desertification and loss of fertile land, deforestation, disruptive erosion and land degradation, flooding and general environmental degradation from pollution and contamination.

“These are issues that threaten the means of livelihood and survival of citizens of this country, which the Federal Ministry of Environment has been charged with the mandate to address,” he said.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10174Tweet6359Share
ADVERTISEMENT
Previous Post

Nigeria Loses Billions Of Naira As Customs e-Auction Platform Collapses

Next Post

Politicians Move Against CBN Cash Withdrawal Policy

Tunde Oguntola

Tunde Oguntola

Tunde Oguntola is an award-winning journalist with over 10 years of experience in print and broadcast media. He is also a political correspondent and public affairs analyst. His Twitter handle is @TUNEXOguntola

You May Like

Analyst Hails Senate Over Passage Of Tax Reform Bills
News

JUST-IN: Tinubu Slams Temporary Ban On Raw Shea Export

2025/08/26
UNILORIN Lecturers Stage Protest, Demand Implementation Of 2009 Agreement 
News

UNILORIN Lecturers Stage Protest, Demand Implementation Of 2009 Agreement 

2025/08/26
PICTORIAL: NEMA Boss Leads Rescue Mission To Site Of Abuja–Kaduna Train Derailment
News

PICTORIAL: NEMA Boss Leads Rescue Mission To Site Of Abuja–Kaduna Train Derailment

2025/08/26
LEADERSHIP Quinquennial Award For Governance and Infrastructure 2024: Barr. Nyesom Ezenwo Wike, FCT Minister
News

FCTA Promotes 49 Deputy Directors

2025/08/26
BREAKING: Fate Of Passengers Unknown As Abuja-Kaduna Train Derails
News

Derailed Train: Kaduna Gov Orders Evacuation, Treatment Of Victims

2025/08/26
NLNG Provides $6m To Revamp 12 Teaching Hospitals In Nigeria
News

Edo Hospital Denies Complicity In Death Of Twin Babies

2025/08/26
Leadership Conference advertisement

LATEST

Bode George Hails PDP Zoning, Says Party Ended ‘Existential Imbecility’

JUST-IN: Tinubu Slams Temporary Ban On Raw Shea Export

UNILORIN Lecturers Stage Protest, Demand Implementation Of 2009 Agreement 

PICTORIAL: NEMA Boss Leads Rescue Mission To Site Of Abuja–Kaduna Train Derailment

FCTA Promotes 49 Deputy Directors

Derailed Train: Kaduna Gov Orders Evacuation, Treatment Of Victims

Edo Hospital Denies Complicity In Death Of Twin Babies

Delta Police Arrest Officers Caught On Video Counting Cash In Patrol Van

Abuja Excavation Site Wall Collapses, Kills Labourer

Gov Buni Flags Off 2025 Tree Planting Campaign

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.