The Federal Government recovers N120 billion from criminal proceeds.

Under President Muhammadu Buhari’s administration, the Federal Government recovered N120 billion in criminal proceeds.

Lai Mohammed, Minister of Communications and Culture, stated this on Wednesday during the 8th Edition of the ‘PMB Administration Scorecard Series (2015-2023)’ in Abuja.

He explained that the proceeds of crime (recovery and management) act of 2022 was responsible for the recoveries.

He added that the implementation of POCA has necessitated relevant agencies to open, ‘A confiscated and Forfeiture Properties Account with the Central Bank of Nigeria to ensure transparency.

He disclosed that the proceeds are used to facilitate the completion of the 2nd Niger Bridge, Lagos-Ibadan and Abuja-Kano expressways.

“I can confirm that so far, the Federal Government has realised over N120bn, among other currencies, from POCA.

“This money will be used to fund the completion of ongoing critical infrastructure projects in the country, like the Second Niger Bridge and the Lagos-Ibadan and Abuja-Kano expressways. We will continue to update you on this,” he said.

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