Tell Nigerians How You Spent Recovered Loot – Stakeholders Tell Buhari

Tell Nigerians How You Spent Recovered Loot – Stakeholders Tell Buhari

Tell Nigerians How You Spent Recovered Loot – Stakeholders Tell Buhari

Some Nigerian stakeholders have called on President Muhammadu Buhari to disclose spending details of all recovered funds for the past four years.

GIOTV reports that since the President Muhammadu Buhari’s first tenure when the Whistle-blowing policy was implemented on December 21 2016, the Federal Government via the anti-corruption programme has succeeded in recovering some looted government funds and assets from past leaders.

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The FG on April 4, 2020 recovered over $311 million of the alleged stolen funds by the country’s former military ruler, General Sani Abacha, from the United States and Jersey.

On December 2017, Switzerland repatriated $322 million Abacha loot to the country as part of the agreement between the two countries in 2004 during Olusegun Obasanjo’s regime.

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Recall also that on August 14, 2020, the Republic of Ireland agreed to return about N2,514,651,800 (€5.5 million) stolen by Sani Abacha to Nigeria.

The Federal Government on July 28 2020, said it recovered over N800 billion in looted funds.

The Minister for Information and Culture, Lai Mohammed, while confirming the amount recovered, said the government also secured the conviction of over 1,400 persons.

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According to him,

”This administration’s fight against corruption is as strong as ever, and we have the records to back up this claim,” Mr Muhammed said.

“This administration has recorded over 1,400 convictions, including high profile ones, and recovered funds in excess of N800 billion, not to talk of forfeiture of ill-gotten properties. This is no mean feat,”

He added.


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