Friday, September 2, 2016

Recovered Loot Not Enough To Revive The Economy - Lai Mohammed

Alhaji Lai Mohammed, the Minister of Information and Culture, has explained that the looted fund recovered so far by government is far cry from what the country needs to revive the economy.

The minister said this today when he appeared on a News Agency of Nigeria Forum in Abuja. According to him, the amount of money recovered is always being made public.

He said, “What we have recovered and if my record is right is about N78 billion, and 3 million dollars. We have been able to block various accounts in which about 9 billion dollar is found but those are not money available to us because we are still in court over them. Continue...


“The government spends N165 billion every month to pay federal civil servants, even what has been so far recovered will not even pay 50 per cent of the salaries in a month.’’

Mohammed assured Nigerians that every penny recovered will be judiciously spent and nobody could re-loot what had been recovered under the administration.

The minister further explained that Nigerians should understand that what had been recovered was so little compared to what the people needed on a continuous basis

3 comments:

  1. The suffering is too much..

    It should be revived ASAP

    ReplyDelete
  2. Thanks for explaining. I have been telling people exactly this but they don't want to hear, most especially my Igbo friends and colleagues who are suffering from the "Joe Igbokwe Syndrom". no amount of logical and rational explanation would convince them.

    ReplyDelete
  3. Thanks for explaining. I have been telling people exactly this but they don't want to hear, most especially my Igbo friends and colleagues who are suffering from the "Joe Igbokwe Syndrom". no amount of logical and rational explanation would convince them.

    ReplyDelete