Nigeria FG Reveals What Recovered Looted Funds Are being Used For

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The question of what the looted funds being recovered by the present administration are used for has been answered - The federal government has revealed that these recovered funds are used to finance the 2017 budget -

President Buhari also said power generation has peaked at an all-time high of 7,001 Megawatts According to the federal government, part of the stolen funds recovered from those that looted the economy is been used to finance the 2017 budget. While speaking at the 22nd annual conference of the Association of National Accountants of Nigeria (ANAN) in Abuja, President Buhari who was represented by the accountant general of the federation, Alhaji Idris Ahmed, said this.

At the conference which held on Tuesday, October 10, he also said the decision had been collectively taken by the government to use some of the recovered stolen funds to finance the 2017 budget.