Femi Falana

Lagos lawyer, Femi Falana (SAN said at the weekend that the federal government may not want to name looters of the national treasury so as not to discourage others from returning stolen funds.

Falana while reacting to the list of cash recoveries from looters made public over the weekend by the government said the figure announced had not taken cognizance of the totality of the funds that had been recovered by all the anti-graft agencies.

“From the information at my disposal the figure announced by the information minister is a fraction of what the EFCC has recovered and deposited in the Central Bank of Nigeria (CBN).

In order not to discourage others from returning stolen fund the government may not want to name the looters yet. In fact, some of the looters who have stolen the bulk of the missing money who are on the run are being pursued in different jurisdictions in the world”, Falana said.

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