The Chairman of the Presidential Advisory Committee Against
Corruption (PACAC), Professor Itse Sagay, on Thursday disclosed
that so far about N1 trillion has been recovered locally from
proceeds of corruption perpetuated by Nigerians.
He further disclosed that the panel has also stopped N400
billion yearly loss to fuel subsidy.
Sagay made the disclosure while fielding questions from State
House Correspondents after meeting with President Muhammadu Buhari
at the Presidential Villa, Abuja.
According to him, the N1 trillion does not include recovered
monies from outside the country.
According to him, the recovered funds are being ploughed back
into the Nigerian economy as part of the annual federal budget.
He said the funds were part of what is being used to fund the
activities of the Buhari’s administration Social Investment
Programmes.
Sagay insisted that corruption has been curtailed by the Buhari
administration
The PACAC chairman, however, regretted that the 8th National
Assembly spearheaded a reaction against the campaign, but commended
the 9th National Assembly for supporting the fight against
corruption.
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