The Federal Government would use the recovered loot to finance the newly signed 2017 Budget, the Senior Special Assistant to President Muhammadu Buhari on Prosecutions, Okoi Obono-Obla, said on Tuesday.
According to Obono-Obla, 20 percent of the budget would be financed by the recovered loot.
He added that the government would, however, liaise with the National Assembly for permission before the funds would be used.
The Presidential aide stated this on Tuesday in Abuja when he was explaining to newsmen what the government was doing with the looted funds recovered so far.
He commended the Buhari administration, saying that it had ensured the stability of the country’s polity and had halted corruption in public offices.