Connect with us

Hi, what are you looking for?


Recovered loots borrowed by our govt – Nigeria’s Finance Minister

Technocrat Media Nigeria

ABUJA – The Minister of Finance and National Planning, Zainab Ahmed has revealed that the federal government has been borrowing from recovered loots to fund the national budget.

The minister also revealed that the government has not been able to repay back the loans taken so far.

She made this disclosure while appearing before the House of Representatives committee investigation recovered loots on Thursday in Abuja.

Mrs Ahmed had appeared alongside the Accountant General of the federation, Ahmed Idris.

However, the amount that had been recovered and borrowed were not disclosed.

The Sultan of Sokoto on Wednesday had challenged Buhari government to tell Nigerians the whereabouts of the recovered looted fund.

This news content remains the copyright of TECHNOCRAT MEDIA, to republish, please seek the consent of our News Editor via

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Like Our Facebook Page

You May Also Like


Available data on Value Added Tax (VAT) for 34 African countries have indicated that Nigeria has the lowest VAT rate as of 2022.


The Central Bank of Nigeria (CBN) has issued fresh operational guidelines on open banking to deposit money banks, mobile money operators and payment service...


This video shows how a coalition of Civil Society Organisations (CSOs) pressured President Muhammadu Buhari to assent to the 2022 electoral bill which was...

Finance & Money Market

The Central Bank of Nigeria (CBN) has launched a cash swap programme in partnership with super agents and deposit money banks (DMBs) to beat...

Sticky Post

President Muhammadu Buhari on Tuesday signed the 2023 appropriation bill of N21.83 trillion into law.


The World Bank, says Nigeria can achieve economic transformation through its vast growth potential despite stagnated growth in the past decade.