By COLLINS OMULOMore by this AuthorThe government has recovered over Sh3 billion from proceeds of corruption and money laundering in the past two years, with at least 700 corruption cases going on in different parts. Attorney-General Paul Kihara gave this report on Monday, adding that the State has frozen and recovered assets amounting to Sh2 billion, a large portion of Sh1.2 billion being from the NYS 2 case. “We have at least over Sh3 billion in recoveries from corruption and money laundering cases," Mr Kihara said in a speech read on his behalf by Assets Recovery Agency Director Muthoni Kimani. The director reported that they have seize cars, houses and other properties and recovered at least Sh500 million in the NYS 1 case. Mr Abang said that it has taken the country over 10 years to repatriate money laundered by former President Sani Abacha but that 2018 was a success since they recovered proceeds of corruption and money laundering from Swiss Bank and through USA’s Department of Justice.

Source: Daily Nation February 04, 2019 13:18 UTC