NLNG Corporate Caring banner FirstGem 3rd anniversay lecture Fidelity bank card banner Emerald Energy Institute Camano banner

Buhari queries AGF for failing to recover N300bn hidden in Nigerian banks

By News Express on 09/05/2016

Gmail icon

Views: 1,828


President Muhammadu Buhari has asked the Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, to respond to an allegation that he refused to recover N300 billion allegedly hidden in some Nigerian banks after his attention was drawn to the money by Dr George Uboh and his company, Panic Alert Security System (PASS) engaged by the minister to trace the money.

‎The president’s query followed two letters of complaint written against the AGF by Uboh and his company, PASS, accusing him of frustrating efforts to recover already identified funds.

In his response, Malami denied the allegation and pledged his commitment to recover all stolen money in line with the position of the Federal Government.

‎He also said that he revoked the mandate he gave to PASS and Uboh to recover the monies because Uboh went beyond the mandate given to him.

In his reply to the president  through the office of the Chief of Staff, Alhaji Abba Kyari, dated 4th April, 2016 with Reference Number HAGF/SH/2016/Vol.1/20, the minister said the allegations levelled against him were untrue and baseless.

Uboh had accused Malami of deliberately frustrating him his effort to recover over N300 billion his company, Panic Alert Security Systems (“PASS”) allegedly traced to some Nigerian banks.

‎The minister said, “In demonstration of my firm commitment to the recovery efforts of the government, I gave PASS a letter titled: TO WHOM IT MAY CONCERN dated 17th February, 2016, introducing PASS to the aforesaid banks/financial institutions.

“The aforesaid Letter of Engagement dated 9th February, 2016 and the subsequent Letter of Introduction dated 17th February, 2016 (“HAGF Letters”) were given to PASS on the firm understanding that PASS had already identified and/or traced specific FGN funds stashed/trapped in the aforementioned banks and that PASS would promptly embark on processes that would lead to actual recovery and remittance of the traced funds into the designated account of the FGN in line with the proposals submitted, presentations made and the terms contained in its letter of 9th February, 2016.” (THISDAY)

•Photo shows AGF, Abubakar Malami, SAN.

Source News Express

Posted 09/05/2016 05:39:56 AM

 

 

CLASSIFIED ADS

 

You may also like...
ANAMMCO bounces back with rugged Dongfeng trucks

Nigeria, Tunisia battle a draw in CHAN duel...

Reps accuse Amaechi of attempting to pad 2016...

DEVELOPING SCANDAL: Petroleum Minister ALLISON-MADUEKE named in copyright...

TOP 10 Nigerian songs

Buhari leaves for U.S., holds meeting with Trump...

Herdsmen kill 9 in fresh Benue onslaught

Amnesty accuses Nigerian Army of killing at least...

Lagos Building Collapse: Ambode vows to demolish all...

Buhari’s ill health sparks succession jitters

Have we ever met before? Buhari asks new...

NGO threatens to drag Nigerian police to UN...

 

Latest News 4 persons arrested over illegal possession of lion in Lagos Lawmakers jittery as constituents demand explanation over N1trn constituency projects Presidential Committee endorses Magu for re-appointment as EFCC Chairman Satguru Maharaj Ji backs Tinubu, Peter Obi for 2023 Presidency Father chains, locks up 10-year-old son over refusal to attend school NAF kills ISWAP leaders, destroys meeting venue in Borno Customs appoints 1 DCG, promotes 2,508 officers ASUU accuses Buhari administration of ‘greatest corruption in the land’ PDP Senators reject Bayelsa, Kogi election results No one can bring down your government, Ibadan youths assure Makinde Police arrests teacher who threatened to kill pupil after anal sex with him Bayelsa poll: We’ve no report against Jonathan — PDP NWC

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (564,226 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (452,966 views) Shameless Genevieve Nnaji exposes breasts in public (402,258 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (336,744 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (304,300 views) 10 cars more expensive than Jets (282,898 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (259,301 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (257,540 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (239,052 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (225,475 views) Lagos plane crash: Journalist releases victims’ names (201,856 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (198,511 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (110) Business & Economy (4,580) Business Verdict (87) Columnists (1,145) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (708) Features (845) Global Business Monitor (493) ICT Monitor (68) International (4,224) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (490) News (54,202) Opinion (1,423) Pidgin (17) Politics (11,782) Religion (1,122) Sports (2,229) Stock Watch (40) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera