We Have Not Recovered Any Loot Yet -President Buhari


President Muhammadu Buhari speaking at the first National Executive Committee (NEC), meeting of the All Progressives Congress (APC) in Abuja cleared the air that the fight against corruption have not yielded the expected result yet, as no money have been recovered by the administration.

Contrary to various President’s media releases and APC leadership and supporters claims that the US official gave them list of Nigerians that stashed $100billion in US banks, no since kobo have been recovered by this government.

Last week, the APC leadership dropped another bombshell claiming that about 6 Nigerian ex-governors have being identified to have deposited about $200billion (N60trn) in Dubai.
The United Arab Emirate (UAE) have rebuffed this claim and described it frivolous and untrue, as the total deposit by non nationals is far less than $108bn. They clarified that majority of the properties in the Emirate are owned by Institutional Investors and Multi National Housing groups, and that individual property ownership by foreigners than corporate entities are grossly negligible.

President Buhari. according to Hope For Nigeria added that efforts are being made by his government to articulate a comprehensive list of recoveries of ill-gotten loot which he claimed would be published in due course when they are available.

Buhari added that, “we have to get credible evidence to carry out successful prosecution and get judgement from the Judiciary. But effort is being made to give a list of recoveries in whatever currencies so far so that Nigerians will know that it is not all about long stories.”
The President hit back at his critics’ assertions that he had turned to a globetrotter or ‘Ajala Tavels’, saying that “sometimes, you need to present your case on personal basis to your economic colleagues and neighbours. Nothing is better than personal touch and I believe that we are learning a lot and eventually, the nation will realize so. I don’t envy you on the harassment you are going through from your constituencies. Take it with a lot of determination and we will be all right, God willing.”

Few months ago, the Minister of Finance, Mrs Kemi Adeosun when asked about the amount recovered by the Buhari’s government, stated that, despite claims that the administration has recovered stolen money from previous government officials, that no kobo have been recorded or paid into the National treasury or the Federation account.

According to President Buhari’s assertion, the efforts to recover the loots is yet to yield results as there concerted efforts by his government to ensure their recovery. – Hope For Nigeria

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