Nigerians were given a shocker two days ago when President Muhammadu Buhari revealed that he inherited an empty treasury from the past administration. But as anticipated and opined by several concerned citizens, whom expressed optimism in the President’s anti-corruption reputation, Buhari has disclosed his next step of action against those responsible for the financial shortage being experienced in the country.
President Buhari vows to recover stolen billions, Buhari blows hot, vows to recover all stolen funds, we’ll recover funds stolen by govt officials- Buhari, oil sector rotten as well as APC senators fight as truce meeting fails again dominates the front pages of the national dailies for Wednesday, June 24, 2015.
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According to The Nation Report The President Muhammadu Buhari, on Tuesday, June 23, gave a notice to treasury looters in the Goodluck Jonathan administration that his administration is coming after them, and vowed to recover billions of dollars stolen from the treasury.
He made this known during his first meeting with the 36 states governors at the Presidential Villa in Abuja. The President said there are financial and administrative instructions in every government parastatal and agency, but revealed that all these were thrown to the dogs in the past.
He admitted that the country’s problems are great, but promised to do his best to surmount them. He said the next three months may be hard, but billions of dollars can be recovered. (READ HERE)
The President at another forum yesterday, during a meeting with Northern Traditional Rulers Council led by the Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar, disclosed that his government had received firm assurances of cooperation from the United States and other countries on the recovery and repatriation of funds stolen from Nigeria.
Femi Adesina, the special adviser on media and publicity in a statement said the president assured that in the next three months, his administration will be busy getting the facts and the figures to help recover the stolen funds in foreign countries. According to Buhari, the report submitted by the Ahmed Joda-led transition committee showed that many revenue-generating institutions in the country have been compromised, which led the country to a weak economy.
The President, who expressed surprise that the governors had tolerated the atrocities allegedly committed with the Excess Crude Account (ECA) since 2011, promised to tackle the issue decisively.
He said the days of impunity, lack of accountability, and fiscal recklessness in the management of national resources are over. He also vowed that systemic leakages will be stopped.
According to Buhari, payment of national revenue into any account other than the Federation Account is an abuse of the Constitution, which he said is going on in many agencies and corporations, especially the NNPC.
He assured the governors that the Federal Government will pay the monies spent on federal projects, but insisted that due process must be followed.
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