Finance Ministry to Manage Assets Recovered from Looters – Thisday

The Minister of Finance, Mrs. Kemi Adeosun on Friday in Abuja revealed that her ministry had been mandated to manage assets recovered from treasury looters, lamenting that some of the recovered items were mind-boggling.

Besides over N115 billion in local and foreign currencies, the federal government had disclosed recently that it recovered 183 buildings, and five vessels, among others, from looters.

Adeosun, who said she would soon allow journalists take a look at some of the recovered assets, including a collection of very expensive jewelry, noted that if the current war against corruption was sustained, in addition to other cost-cutting measures being implemented by the present administration, the nation would swim out of recession earlier than envisaged.

The minister spoke at her maiden interactive session with finance correspondents during which she also gave an insight into why the prices of food items are hitting the rooftops.