Despite claims that his administration has recovered stolen money from previous government officials, President Muhammadu Buhari, it was disclosed, is yet to give details of the recovery to the Federal Ministry of Finance.
Addressing journalists in Abuja at the end of the monthly Federation Account Allocation Committee (FAAC) meeting in Abuja on Friday, the Minister of Finance, Mrs Kemi Adeosun, when asked how much had been recovered from those who looted the treasury, said President Buhari was yet to provide the ministry with details of how much had been recovered but the recovery process was ongoing.
The minister did not say if the recovery had been lodged into the federation account to be shared by the three tiers of government or was still domiciled in a separate government account pending further directive from the president.
The recovered money became an issue at the October 2015 FAAC briefing when the finance minister stated that funds available for disbursement at the end of the meeting was more than the amount shared in the previous month.
She also said that the ministry was doing everything within its powers to increase revenue for the federation.
