We Recovered N1 Trillion From Local Looters - FG
Prof. Itse Sagay

Nigeria has recovered about N1 trillion from proceeds of corruption perpetrated by Nigerians in the country.

This was disclosed on Thursday by the Chairman of the Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, who added that the figure did not include those recovered from outside Nigeria.

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Sagay spoke with State House correspondents after meeting with President Muhammadu Buhari at the Presidential Villa, Abuja.

According to him, the recovered funds are being ploughed back into the national budget every year.

The recovered money has been used to fund the activities of the Social Investment Programmes, Sagay said.

He also declared that corruption activities had reduced in Nigeria, accusing the 8th National Assembly of spearheading a gang up against anti-graft battle in the country.

He also said that the panel had stopped N400 billion yearly loss to fuel subsidy.