Politics
Buhari sets up committee to audit recovered loot
President Muhammadu Buhari on Wednesday inaugurated a 3-man committee to audit recoveries of stolen funds made by the Federal government.
Members of the committee include Mr. Olufemi Lijadu, Mrs. Gloria Chinyere Bibigha and Mr. Mohammed Nami.
The President in his remarks during the inauguration of the committee at the State House, Abuja, stressed that the move is to bridge the gaps that exist in the process of recovery of stolen assets within and outside Nigeria.
“The decision to inaugurate this Audit Committee on the Recovery and Management of Stolen Assets within and Outside Nigeria today is therefore the next step in ensuring that all returns filed by the various agencies are accurate and consistent with actual recoveries made”.
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“In the course of implementing this exercise and given the number of agencies who are concurrently pursuing specialized initiatives and making recoveries for Government, it has become obvious that fundamental gaps still exist in ensuring that the recovered assets are accounted for, and managed in an accurate, transparent and logical manner”, he added.
The President tasked the committee to use every available laws to achieve results within the 4-week time frame, before reports are submitted.
“Where it becomes necessary, the Committee will of course rely on existing laws to compel the production of information and will also have the benefit of necessary interventions by the Attorney-General of the Federation and Minister of Justice in obtaining such information through legal processes, where so required”.
“The Committee, in essence, is therefore expected to judiciously undertake an audit of all recovery accounts established by government agencies from the date of opening such accounts up to 10th April 2017”.
President Buhari has however directed MDAs, banks and companies to support and cooperate with the newly inaugurated Audit Committee on Recoveries made by FG agencies.
“I hereby direct and request all relevant Ministries, Departments and Agencies, Banks, and Companies to give the Committee full cooperation as your assignment is crucial not only to the harvesting of needed resources for our national development but also in setting out a fresh template of public accountability”, he stated.
Photo Credit: The Presidency
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Inieke Akpan Ekuma
November 22, 2017 at 3:39 pm
Even if Buhari should stay back from contesting in 2019 he has nothing to lose, God has bless him with offices from the military to civilian rule. Again, the Lord that use him to lay a foundation of making Nigerians to know that no one is above the law will raise another man that will carry on with the good work. His exit will not stop the gainfully progress. Let the evil ones continue to live in fear no respite with or without Buhari.
Anita Kingsley
November 22, 2017 at 4:34 pm
This is a necessity, I actually thought Mr President will not verify the recovered loots externally. Since he has just set up a committee to verify, this means Buhari is also a fan of accountability, this is what the previous president of Nigeria lacked in his government
Animashaun Ayodeji
November 22, 2017 at 4:41 pm
Actually Buhari doesn’t trust his financial/economic team. They can easily be asked to audit the recovered loots at no expense. For Buhari not to have entrusted the duty in their hands, I’m sure there’s more to what’s going on.
Abeni Adebisi
November 22, 2017 at 4:45 pm
What exactly are you expecting Buhari to do? Now that he is tracking the recovered loots that Nigerians have always requested for, you are here insinuating something else. Buhari has taken the right step by setting up this committee
Abeni Adebisi
November 22, 2017 at 4:46 pm
Buhari is transparent, we all need to appreciate him for this. If he had any bad motif, he won’t set this committee up to audit the recovered loots. More grease to your elbow Mr. President
yanju omotodun
November 23, 2017 at 2:16 am
Let’s see how they go about the audit
Balarabe musa
November 23, 2017 at 3:07 am
It will go well. Always believe positively
seyi jelili
November 23, 2017 at 2:46 am
Perfect appointment, wasobia, a Yoruba, an Hausa and an ibo
Balarabe musa
November 23, 2017 at 3:07 am
That’s baba buhari for you, he is not partial
JOHNSON PETER
November 23, 2017 at 3:21 am
All these auditors can easily be bribed looking at their physical appearance, especially look at the man on white, he has started opening his tongue to have a taste of money from the picture