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Malami Rejects Call To Pay Recovered Loot Into Federation Account - Politics - Nairaland

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Malami Rejects Call To Pay Recovered Loot Into Federation Account by Islie: 7:20am On Mar 11, 2020
Ade Adesomoju, Abuja

The Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN), on Tuesday, rejected the call by human rights lawyer, Mr Femi Falana (SAN), for stolen funds, especially the ones linked to the late Head of State, Gen Sani Abacha, to be returned to the Federal Account.

Malami, through his spokesperson, Dr Umar Gwandu, was reacting to the suggestion recently made by Falana in Akure, Ondo State that the recovered loot ought to be paid the Federation Account and shared between the Federal Government and the federating units.

The minister’s statement was titled, ‘Looted funds: Don’t confuse public with myopic views – Malami replies Falana’.

He said Falana made “erroneous assertion” on the process of disbursement and use of recovered stolen funds based on the provisions of the Revenue Mobilization, Allocation and Fiscal Commission Act and Section 153 (1) (n) of the Nigerian Constitution.

This, he said, “depicts a rash analysis devoid of clear legal foundations.”

The minister said the RMAFC Act “has nothing specific on funds recovered from indicted public officers or assets recovered internationally.”

He added, “The recovery of stolen assets and the subsequent uses to which these funds may be employed are subject to international agreements between Nigeria and the affected countries, thereby bringing conflict of laws into contemplation.

“Importantly also, these repatriated funds are based on cooperation and mutual assistance agreements, especially the United Nations Convention against Corruption and Implementation of the Global Forum on Asset Recovery (GFAR) Principles on the Repatriation of Stolen Assets.”

But Falana insisted on Tuesday that the recovered loot ought to be paid into the Federation Account.

He said, “It is on record that the report of the investigation set up by the Federal Government under the Abdulsalami Abubakar junta confirmed that the estimated $5bn Abacha loot was part of the revenue of the federation stolen from the Central Bank of Nigeria.

“Therefore, the recovered loot has to be returned to the Federation Account.

“Any agreement between the Federal Government and foreign countries on the recovered loot has to be read subject to sections 12 and 162 of the Constitution.”

https://punchng.com/malami-rejects-call-to-pay-recovered-loot-into-federation-account-2/

1 Like

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by Nackzy: 7:22am On Mar 11, 2020
Recovered loot will be relooted, Infact it's being looted just that you won't know now until a New Governments takes over from this Present Quadruple Corrupt Government

61 Likes 4 Shares

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by odave: 7:24am On Mar 11, 2020
Hmm, someone stole my money, police help me recover it, police now dictate to me how I should spend my money? It is well.

From another angle, police said they will get my stolen money back (and they did) but I must not use it play bet9ja but use it to pay my school fees.

I'd rather go with the later. Paying into federation account is another form of re-looting


For those quoting me wrongly, is this not the case of Nigeria and the looted funds? If your brain is too low to decipher what I wrote up there then you can't blame me for your failed education.

9 Likes 2 Shares

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by izzou(m): 7:27am On Mar 11, 2020
grin
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by helinues: 7:28am On Mar 11, 2020
embarassed
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by Hhansome(m): 7:32am On Mar 11, 2020
What a country.
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by Witcher(f): 7:37am On Mar 11, 2020
Awesome!! I like Malami's action is not like APC doesn't need campaign money or anything.

2 Likes

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by Stalwert: 7:38am On Mar 11, 2020
Fa-Lie-na is just a confusionist, the recovered funds are under international agreement that it will paid directly to the sovereign wealth fund to fund infrastructural projects.

7 Likes 4 Shares

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by sapientia(m): 7:41am On Mar 11, 2020
Audio funds that have been relooted.

6 Likes

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by thundafire: 7:48am On Mar 11, 2020
So it is supposed to be kept by EFCC to be relooted

2 Likes

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by merit455(m): 7:50am On Mar 11, 2020
odave:
Hmm, someone stole my money, police help me recover it, police now dictate to me how I should spend my money? It is well.

From another angle, police said they will get my stolen money back (and they did) but I must not use it play bet9ja but use it to pay my school fees.

I'd rather go with the later. Paying into federation account is another form of re-looting
What are you trying to type. How many rsp this morning

8 Likes

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by Slawormir: 8:54am On Mar 11, 2020
Damnnnnn niggarrr

Too bad
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by ainas247: 8:54am On Mar 11, 2020
shocked All these recovered money what are they using it for or what would they
use it for? Egugungun be careful oo

Dominate Google page one with your website
chat up now to see the result
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by LowerPriceData0(m): 8:54am On Mar 11, 2020
They have tampered with the fund so there is no proof to accountability, that is why they are afraid.

2 Likes

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by TuCloz(m): 8:55am On Mar 11, 2020
Dis Abacha loot no de finish?

12 Likes 2 Shares

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by Felixalex(m): 8:55am On Mar 11, 2020
Funny kwantry

1 Like

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by lonelydora: 8:55am On Mar 11, 2020
Recovered loot? And yet we are still borrowing.

Recovered loot, to be re-looted.

1 Like

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by AntiChristian: 8:55am On Mar 11, 2020
Our laws! Our Problems!
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by money121(m): 8:55am On Mar 11, 2020
Ok
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by Nobody: 8:55am On Mar 11, 2020
These funds will be diverted and no one will say *pim. If you do, they will twist the law and call it 'hate' speech

6 Likes

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by FemiMaduka(m): 8:56am On Mar 11, 2020
We have to put a stop to this criminal and nauseating carte blanche that the federal government has bestowed on itself on issues pertaining to expenditure of 'recovered assests'. These monies were stolen from the commonality of the Nigerian people, it goes by way of commonsense that they should be returned to the 'victims' via proper channels. Any other arrangement would be deemed to be an effort to misappropriate, for the second time, these assets. It is criminal and inhuman.

This should not just apply to funds recovered from international domiciles, it should also apply to funds and assets that have been misappropriated from states (which have been recovered). The federal government should quickly pay them into the accounts of the affected states. It should have no share, whatsoever, in these funds.

5 Likes

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by MuttleyLaff: 8:57am On Mar 11, 2020
Wow, America said so. America feared he inchoot with Atiku Bagudu present governor of Kebbi State, will divert the funds to his Kebbi State and not use for intended purposes but partly use in anticipation of Malami going for another future governorship contest and achieving his dream with it
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by Nobody: 8:57am On Mar 11, 2020
naija 4 show
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by Nobody: 8:57am On Mar 11, 2020
Pls I av not been to Nigeria since i was born.. Pls who is malami, who is buhari?
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by LadySarah(f): 8:57am On Mar 11, 2020
Theoot
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by SHOPPERS(m): 8:58am On Mar 11, 2020
This cake ehn, one day I go reach where them they share am.
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by Built2last: 8:59am On Mar 11, 2020
Believe it or not.

Malami is Nigerias current highest thief.

The guy is a reckless looters.

If I take over leadership of Nigeria no matter when it happens. I will recover every dime from Malami and Abba Kyari

5 Likes

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by kerry57: 8:59am On Mar 11, 2020
Na wa for naija, all this gragra for the looting for sure.
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by QuickStandard: 9:01am On Mar 11, 2020
grin
The recovered loot already has plans in place to be re-looted.
These guys are a bunch cool


Anyways let me continue my hustle.
Call us for your alternative Power generation. Solar systems, Inverters, Batteries, charge controllers. Sales, repairs, Installation and consultancy.

We also buy used Inverter batteries.

2 Likes

Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by cRobo: 9:01am On Mar 11, 2020
I won't say a word
Re: Malami Rejects Call To Pay Recovered Loot Into Federation Account by AceRoyal: 9:02am On Mar 11, 2020
The sad truth is that they want to reloot the stolen funds with reckless abandone!

What's the essence of TSA if it won't be used in moments like this!

Nigeria is heading for mega doom!

3 Likes 1 Share

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