The Minister said this in a statement signed by the Special Assistant on Media and Public Relations, Office of the Attorney-General of the Federation and Minister of Justice, UMAR JIBRILU GWANDU.
According to the statement, MALAMI said the application of the fund was monitored by the World Bank and Civil Society Organisations in the areas of Social Investment Programmes including N-power, School-feeding and associated interventions overseen from the office of Vice President, Professor YEMI OSINBAJO.
The minister stated that looted funds expected from the United States of America and the Island of Jessy are yet to be received by the government, adding that the issue regarding embezzlement or misappropriation of same is an imaginary illusion which does not even arise.
He noted that looted monies recovered before 2015 were substantially recovered by past governments that should be made to account on the application or otherwise of the funds.
