The Attorney General of the Federation, AGF and Minister of Justice of Nigeria, Abubakar Malami (SAN) has bragged that if not for the justice ministry that saved the country, the economy would have been in total collapse following the nearly enforced $10 billion arbitrary award in favour of P&ID. Malami added that several recoveries made by the ministry have also played a part in funding some critical projects across the country that have kept the economy afloat.
The AGF made these comments yesterday during a maiden top management meeting retreat of the ministry of justice convened in Kano.
He said, his Ministry was able to recover up to $311million dollars which all of the funds were channelled into critical infrastructures like Lagos Ibadan expressway, Second Niger Bridge and Kano Abuja expressway to mention a few.
In his statement, Malami said, “On the economic front, we have been able to save our economy from total collapse, which would have been brought about if the P&ID had succeeded in enforcing an arbitral award of over US$ 10 billion.
The AGF continued, “We have also ensured the restoration of our country to the path of growth and development through the settlement of the multibillion-dollar adverse claims on the Ajaokuta steel plant.
Malami added, “Our asset recovery drive has secured the sum of US$322million, which enabled the federal government to embark on empowerment programmes, which have taken over a 100million persons out of poverty as part of the national social investment programmes,”.