The Federal Government has put to use some of the physical assets like real estate and cars recovered from looters of public treasury so as to cut back on costs.
Minister of Finance, Kemi Adeosun disclosed this at the National Assembly during a Senate briefing on the state of the economy and 2016 budget implementation.
Adeosun says some of the recovered looted properties have been converted into government offices while luxury cars are used for conveying official dignitaries coming into Nigeria or distributed to ministries, departments and agencies all in a bid to cut cost of governance.
Advertisement
