- FG to declare recovered funds
- Buhari ready to step on big toes
President Muhammadu Buhari yesterday assured that the Central Bank of Nigeria, CBN, would soon make public the total amount of money so far refunded to the Federal Government coffers by corrupt officials of the past administration.
The President said this would be preparatory to eventually naming of those corrupt officials that voluntarily came forward to surrender looted funds, even as he said he is ready to step on the toes of hitherto seen sacred cows in the country.
Giving reasons why his administration has been reluctant to make public the names of looters that have surrendered funds, he said there was need for caution because “any disclosure now may jeopardise the possibility of bigger recoveries.”
The President, who spoke in Abuja at this year’s edition of the annual Osigwe Anyiam-Osigwe Foundation Lecture, further adduced, “As I stated recently, a good number of people who abused their positions are voluntarily returning the illicit funds. I have heard it said that we should disclose the names of the people, and the amount returned.
“Yes, in due course, the Central Bank of Nigeria will make information available to the public on the surrendered funds, but I must remark that it is yet early days, and any disclosure now may jeopardise the possibility of bigger recoveries.
“But we owe Nigerians adequate information, and it shall come in due course. It is part of the collective effort to change our land from the bastion of corruption it currently is, to a place of probity and transparency.”
The President also said his administration would continue to seek the cooperation and partnership of the international community in tackling the menace of corruption and insurgency.
Nigerian Pilot Saturday recalls that several former ministers of the past administration, chief executives of agencies and parastatals as well as some key players in the private sector were said have in fear of the change mantra refunded looted funds while others were asked to come forward to return corruptly acquired funds.
These officials were said to have returned embezzled funds and illegally acquired property based on President Buhari’s disposition towards corrupt acquisition.
At the Osigwe Anyiam-Osigwe Foundation lecture, Buhari reiterated that while he led the country as a military head of state, his government saw corruption beyond the embezzlement of public funds and would therefore not be lenient with persons that corruptly acquired any public property.
He lauded the foundation for choosing corruption as the topic of discourse at this session is, therefore, encouraging to his government.
According to him, winning the war against corruption requires our synergy, a collectivisation of our resolve that corruption must be eliminated in the social psyche of the Nigerian nation.
The President explained that the anti-corruption war embarked upon by government was not strictly about his as a person, but building a country.