The Federal Government has said that proceeds recovered from corruption cases are being ploughed back into the economy to fund key social programmes, including the students’ loan and consumer credit schemes.
Vice President Kashim Shettima disclosed this on Monday in Abuja while declaring open the 7th edition of a capacity-building workshop for judges and justices, jointly organised by the Economic and Financial Crimes Commission (EFCC) and the National Judicial Institute (NJI).
Representing President Bola Tinubu at the event, Shettima said the administration had directed that recovered loots and assets be used to empower citizens rather than sit idle in government coffers.
“Recovered proceeds of crime by the EFCC are being brought back into the economy to fund critical social investment programmes, including the students’ loan and consumer credit schemes,” Shettima said.
The Vice President revealed that the EFCC had achieved major milestones under Tinubu’s two-year administration, including the recovery of over ₦500 billion worth of assets and more than 7,000 convictions.
“This enabling environment is evident in the impact that has been made in the last two years. The EFCC, for example, has recorded over 7,000 convictions and recovered assets in excess of ₦500 billion,” he stated.
Shettima attributed the achievements to the President’s policy of non-interference in the operations of anti-graft agencies, which, he said, had strengthened institutional accountability and boosted public confidence in the fight against corruption.
“As an administration, we have prioritised public accountability by strengthening the anti-corruption agencies and giving them the needed independence to execute their statutory mandates,” he said.
The Vice President also noted that the Tinubu administration was working within the constitutional boundaries of separation of powers to support the judiciary.
“The remuneration of judges has improved, and we are committed to further enhancement of their welfare and facilities,” Shettima said.
He added that improved welfare for judicial officers was essential to promoting fairness and discouraging corruption within the justice system.
Reaffirming Tinubu’s commitment to the rule of law, Shettima maintained that no political ally or public official was being protected from investigation or prosecution.
“There is no person or group who can accuse this administration of protecting political actors. We have allowed both the judiciary and the anti-corruption agencies to exercise their powers to restore sanity,” he said.
‘Corruption Spares No One’
Shettima urged members of the judiciary to discharge their duties with integrity, stressing that corruption affects all sectors of society.
“Corruption is no respecter of persons. Judges are not insulated from its consequences. There are no special roads, hospitals, or communities for judges, we all face the same risks from the effects of corruption,” he said.
He called for collective effort among all arms of government to curb graft, adding that national development depends on accountability.
“A Nigeria free of corruption is possible if we all commit to doing what is right and ensuring that those who deviate from the norm are held accountable,” Shettima concluded.
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