Recovered loot ‘will be used to fund 20 percent’ of 2017 budget’

Okoi Obono-Obla, senior special assistant to the president on prosecutions, says 20 percent of the 2017 budget will be financed with recovered loot.

Obono-Obla made this known on Tuesday while speaking with journalists in Abuja.

He said that the federal government would, however, liaise with the national assembly for permission before the funds would be used.

He commended the All Progressives Congress(APC) administration as “it had ensured the stability of the country’s polity and had halted corruption in public offices.”

He denied media reports that the APC was going through leadership crisis.

The presidential aide said that the party would continue to be in power “as long as it continued to serve the interest of Nigerians by delivering true democracy dividends.”