Lai Mohammed, minister of information and culture, says the
fight against corruption by the administration of President Muhammadu Buhari is
on track.
Speaking at the eighth edition of the administration’s
scorecard in Abuja on Wednesday, Mohammed said the Proceeds of Crime (Recovery
and Management) Bill — which is already law — is among three proposed
legislation designed by the executive to combat corruption.
The minister said in line with the legislation, the relevant
agencies have opened a ‘confiscated and forfeiture properties acount’ with the
Central Bank of Nigeria (CBN).
“Please permit me to say categorically and without any fear
of contradiction that the administration’s fight against corruption is very
much on track,” he said.
“As you may already
know Mr President signed into law the Proceeds of Crime (Recovery and
Management) Bill, 2022, on May 12th, 2022. That bill was one of the three which
Mr. President signed into law that day. Others are the Money Laundering
(Prevention and Prohibition) Bill, 2022 and the Terrorism (Prevention and
Prohibition) Bill, 2022.
“I have an update on the Proceeds of Crime (Recovery and
Management) Act (POCA), 2022. 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 (CBN).”
The minister said the federal government has recovered over
N120 billion with the law in place.
“This money will be
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.
“We will continue to update you on this.”
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