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We need money from recovered loot to function: Malami

Attorney General of the Federation (AGF) Abubakar Malami said on Monday that monies from recovered loot should be “given” to the ministry of justice to fund “recovery efforts.”

“Right now, we’re working to guarantee that part of the cost of collection from recovered cash is used to fund our recovery activities,” Mr Malami added.

More financing will facilitate the recovery of “huge quantities of criminal money stored overseas,” Mr Malami said Monday when defending his ministry’s planned 2022 budget before the House of Representatives Committee on Justice.

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He further said “The justice sector as presently constituted is bedevilled by funding inadequacies, too much for our comfort.

“Lamentably, however, practically all the parastatals under the purview of the federal ministry of justice are in dire need of funding.

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“For me, this is as dangerous as it is disturbing because funding gaps in the face of competing challenges could endanger the effective administration of justice, and cause an unwarranted travesty of justice,” he added.

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Mr Malami’s request for allocation of fund from recovered loot comes amid calls for accountability and transparency in the management of recovered loots and assets.

In August, 36 state governments sued the federal government for illegal diversion of over N1.8 trillion recovered loot, also alleging the diversion of N450 billion worth of non-cash assets by the federal government. 

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