• About
  • Advertise
  • Contact
Friday, October 3, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Crime

We’ve Recovered Over N120bln From Proceeds Of Crime – FG

Vital News by Vital News
December 7, 2022
in Crime
0
We’ve Recovered Over N120bln From Proceeds Of Crime – FG
Share on FacebookShare on Twitter

Abuja – The Federal Government says it has has recovered over N120 billion from proceeds of crime.

The Minister of Information and Culture, Alhaji Lai Mohammed revealed this on Wednesday .

Mohammed said the fight against corruption by the administration of President Muhammadu Buhari is on track.

The Minister spoke at the 8th edition of the administration’s scorecard in Abuja

He noted that the Proceeds of Crime (Recovery and Management) Bill — which is already law — is among three proposed legislation designed by the executive to combat corruption.

RelatedStories

Three Persons Killed In Gun Duel Between Amotekun Operatives, Hoodlums In Osun

Bandits Abduct Electoral Commissioner, Ex-SUBEB Boss, Others In Niger State

Ododo Orders Closure Of Osara, Zariagi Trailer Parks In Kogi

ARISE News Reporter, Somtochukwu Christelle Maduagwu, Killed By Gunmen In Abuja

The Minister said in line with the legislation, the relevant agencies have opened a ‘confiscated and forfeiture properties account’ 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.

“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),” he said.

On the over N120 billion recovered with the law in place, the Minister said “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.”

Tags: crimegovernmentproceedsrecover
Previous Post

Dangote Committee On Flood Begins Distribution Of N1.5bln Relief Items To Victims

Next Post

EFCC Conducts Public Auction Of 435 Cars In Lagos

Vital News

Vital News

RelatedStories

Three Persons Killed In Gun Duel Between Amotekun Operatives, Hoodlums In Osun
Crime

Three Persons Killed In Gun Duel Between Amotekun Operatives, Hoodlums In Osun

September 30, 2025
Bandits Kill 7 Persons In Katsina
Crime

Bandits Abduct Electoral Commissioner, Ex-SUBEB Boss, Others In Niger State

September 30, 2025
Kogi @34 : Let Us Chart A brighter Course For Our Collective Future, Ododo Charges Indigenes
Crime

Ododo Orders Closure Of Osara, Zariagi Trailer Parks In Kogi

September 30, 2025
ARISE News Reporter, Somtochukwu Christelle Maduagwu, Killed By Gunmen In Abuja
Crime

ARISE News Reporter, Somtochukwu Christelle Maduagwu, Killed By Gunmen In Abuja

September 29, 2025
Court Berates EFFC Over Disregard For Rule Of Law, Orders Immediate Release Of Aisha Achimugu
Crime

Why EFCC Must Unravel Alleged Financial Malfeasance, Misapplication In Yobe By Usman Machina

September 26, 2025
Next Post
EFCC Secures Final Forfeiture Of N775mln, Properties Linked To Otunla,  Ex-AGF

EFCC Conducts Public Auction Of 435 Cars In Lagos

Second Niger Bridge Will Open For Public Use Dec 15 – FG

Second Niger Bridge Will Open For Public Use Dec 15 – FG

2023 : Court Dismisses Case Challenging Tinubu’s Eligibility

2023 : Court Dismisses Case Challenging Tinubu’s Eligibility

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Kogi SDP Chairman Resigns, Teams Up With Governor Bello In APC

Kogi SDP Chairman Resigns, Teams Up With Governor Bello In APC

2 years ago

2023 Elections : IG -P urges police officers to get ready for fresh security challenges

4 years ago
How APC Female Member Died In Lagos Rice Stampede

How APC Female Member Died In Lagos Rice Stampede

2 years ago
Fire Razes Gidan Rumfa, Emir Sanusi’s Palace In Kano

Fire Razes Gidan Rumfa, Emir Sanusi’s Palace In Kano

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Engineer Urges Nigeria To Invest In Aerospace Technology To Tackle Insecurity, Modernise Aviation

Bandits Kidnap Police Officer In Kwara

Death Toll In Ibaji Boat Mishap Rises To 36

Arrest of 147 Terrorists In One Week, Confirms Tinubu Is Boosting Troops’ Morale – Group ‎

Fubara Sacks Commissioners, SSG, SAs, SSAs

2027 : Group Holds Awareness Walk In Kogi, Reaffirms Commitment To Vision, Leadership Of President Tinubu

Trending

Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From  October 29
News

Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From October 29

by Vital News
October 2, 2025
0

The Kogi State Government says it will commence strict enforcement of ban on Zariagi, Osara and other...

Realnews Announces Theme, Date For It’s 13th Anniversary Lecture

October 2, 2025
Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji,  For Hard Work, Dedication

Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji, For Hard Work, Dedication

October 2, 2025
FG Cancels Independence Anniversary Parade

Engineer Urges Nigeria To Invest In Aerospace Technology To Tackle Insecurity, Modernise Aviation

October 2, 2025
Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi

Bandits Kidnap Police Officer In Kwara

October 2, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From October 29 October 2, 2025
  • Realnews Announces Theme, Date For It’s 13th Anniversary Lecture October 2, 2025
  • Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji, For Hard Work, Dedication October 2, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In