Buhari’s FG recovers loot in Billions ( Day 462)

By on September 2, 2016

President Muhammadu Buhari has ordered the police to arrest government officials accused of stealing food aid intended for victims of Boko Haram in the North-east Nigeria.

Minister Lai Mohammed has said that Nigeria recovered about N78 billion, and 3 million dollars from looters since the inauguration of Muhammadu Buhari. “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.

The Federal Government has signed two contracts valued at $5.1bn with the China Civil Engineering Construction Corporation for the construction and modernisation of rail lines in different parts of the country.

According to the Federal Ministry of Transportation, the two agreements are the Kano-Kaduna Segment 3 of the Lagos-Kano rail modernisation project with a contract sum of $1.68bn, and the Calabar-Port Harcourt Segment 1, which extends to Onne Deep Seaport of the coastal rail project at a cost of $3.4bn.

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