Unblockable:
[s][/s]

What's this one saying? You must be sleep-typing!

yes I think so he need some medications because he has never seen anything good since when have known him

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Hope this is not another political talk! baba we want results and testimonies....Allah is with u.

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tucky200:
Sai. Baba


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Please the FG should retrieve all the monies and render the pilferers useless...

The search should also focus on African countries as well.

Welcome development thats why we voted for change, we need action pls

Really its a good move for the country

denedene:
yawns.... too much talk, do the needful. Start recovering with less talk

haters!!! They can never lyk good tins. Atleast commend his effort.

He should trace them also to Dubai
And China

Freelancer00:
Same old question since December 2014. Find another line

well, some of you have allowed sentiment to becloud your sense of reasoning! No point to engage with brainwashed followers like you! And please find time to read Dele momodu's epic memo to Buhari. Then come back and engage me with your right senses!!

boss1310:
i hope this is true and not some propaganda by supporters of a party here against the other in order to deviate from the recent national fart emanating from their own party
if president Buhari is tracing stolen funds i want him to start from the time of oil boom in the 70's to recent with his his own military regime included,he should be unbiased and comprehensive in the accounting this will make Nigerians believe the change his party has been preaching anything less than this is smokescreen

Who are u to be giving such demands?

Must they announce their moves?

Buhari for second term

They are trying to brainwash us to think they are really fighting curruption. Lie!!!
How many ppl in the black book for the loot? Abi na spirit took thw loot to there.

ayusco85:

Who are u to be giving such demands?

A patriotic Nigerian ,who are you

Omooba77:
The Federal Government has started tracing looted Nigerian funds to foreign nations with the aim of recovering and repatriating them.

The Federal Government specifically targets the United States, the United Kingdom, France, Switzerland and other European jurisdictions where it believes corrupt officials have been stashing public funds.

This move came on the heels of the declaration by President Muhammadu Buhari on his first day in Aso Villa office that he inherited an almost empty treasury from his predecessor, Dr. Goodluck Jonathan, thus vowing that his administration would recover all the looted funds stashed in foreign banks by corrupt Nigerians.

“The next three months may be hard, but billions of dollars can be recovered, and we will do our best,” the President was quoted as saying in a statement signed by his Special Adviser on Media and Publicity, Mr. Femi Adesina.

Some of the countries where looted funds from Nigeria have been kept in the past include Liechtenstein, Luxembourg, Switzerland, the United Kingdom and the United States. Others are France, Germany, British Virgin Islands and other tax havens spread across the globe.

Adesina, who confirmed the move in an exclusive interview with Saturday PUNCH on Thursday, said, the search for the looted funds will not be limited to these countries but anywhere in the world where they may be hidden.

He said, “The search will not only cover UK, US, Switzerland, Germany and other known havens for Nigerian looted funds but will cover everywhere under the sun. Anywhere and everywhere that the looted funds are, we have an assurance from the United States of America to assist us to repatriate these funds from anywhere under the sun.”

Saturday PUNCH learnt that the Federal Government’s investigation was meant to identify the individuals who engaged in corrupt practices and ascertain the sums of money involved with a view to repatriating them.

One of our correspondents also learnt that anti-corruption agencies will play a prominent role in the exercise targeted at corrupt government officials in the recent past administration and their private sector collaborators, among others.

To this end, Adeniyi told Saturday PUNCH that the Federal Government is planning to engage the services of foreign private investigators to help trace and find looted funds belonging to the people of Nigeria.

“Everything that needs to be done to get all those funds repatriated will be done, including engaging private investigators,” the Presidential spokesperson added.

Buhari had lamented that officials of the recent past government jettisoned all financial and administrative instructions put in place in parastatals and agencies while embracing impunity, lack of accountability and financial recklessness in the management of national resources.

This, the President decried, had thrown the country into financial crisis.

Saturday PUNCH learnt that foreign search, which is expected to be thorough, will, among others, be directed at foreign banks with the ultimate aim of getting incontrovertible facts and figures that can aid the government in collaboration with the US and other members of the G7 nations to recover stolen funds stashed abroad.

Adesina said the identification of foreign banks being used to stash stolen funds was one of the mandates given to Buhari during a meeting he had with President Barak Obama at the recent G-7 summit in Germany.

He said, “When the President met with the G7, the promise that the American President gave him was that Nigeria should just provide all the facts, the figures, the statistics, including the banks.

“He promised that if Nigeria could make the information available, then the US will help in recovering the stolen funds.”

When asked specifically if the Federal Government had started identifying the banks, the presidential spokesman said, “Yes. In fact, the President said the government will spend the next three months identifying banks, individuals and monies that have been ferried out of this country.

“The assurance the President has given is that within the next three months, we have to concentrate on getting those monies back to the government coffers,” he added.

Buhari had said early in the week that his administration had received firm assurances of cooperation from the US and other countries in his quest to recover and repatriate funds stolen from Nigeria.

Buhari, while granting audience to members of the Northern Traditional Rulers Council led by the Sultan of Sokoto, Alhaji Sa’ad Abubakar III, at the Presidential Villa, Abuja, had said that it was now up to Nigeria to provide the international community with the facts and figures needed to drive the recovery effort.

He said he would be busy, in the next three months, getting the facts that would help in recovering the stolen funds.

“In the next three months, our administration will be busy getting those facts and the figures to help us recover our stolen funds in foreign countries,’’ the President had said.

Saturday PUNCH learnt that the Federal Government may also go after property owned by public fund looters in London, Dubai, US, Saudi Arabia and other choice international real estate markets where Nigerians are known to be some of the biggest buyers.

It was also learnt that the Department for International Development, a UK government department responsible for administering overseas aid, had alerted the President on over N1.3tn stolen during the last administration, where it is kept and who the beneficiaries are.

This money, a source close to the DFID said, is a low hanging fruit that the President can pluck during his first six months in the office with the help of the UK, US, and other G7 members without hassle.

“This was one of the agreement reached between President Buhari and the G7 countries when the former attended their meeting in Germany,” the DFID source toldSaturday PUNCH.

The US in March 2014 had ordered a freeze on $458m in assets stolen by the late Head of State, Gen. Sani Abacha, and his accomplices. Abacha died in office in 1998.

The US Justice Department named two bank accounts in the Bailiwick of Jersey and two other accounts in France as depositories of $313m and $145m Abacha loot respectively. Four other investment portfolios and three bank accounts in Britain were also frozen, with an estimated value of at least $100m.

The US also named nine financial institutions – Citibank, Chase Manhattan Bank and Morgan Guaranty Trust Company, now JPMorgan Chase, and New York-based units of Britain’s Barclays Bank and Germany’s Commerz bank – as places where some of the Abacha loots were laundered.

Similarly, the Crown Prosecution Service in the United Kingdom had estimated former governor of Delta State, James Onanefe Ibori’s loot stolen to be around $250m.

Ibori, who is serving jail term for corruption charges in a UK prison, was said to have bought six property in London, including a six-bedroom house with indoor pool in Hampstead for £2.2m and a flat opposite the nearby Abbey Road recording studios. There was also a property in Dorset, a £3.2m mansion in South Africa and further real estate in Nigeria.

He also owned a fleet of armoured Range Rovers costing £600,000, a £120,000 Bentley, a £300,000 Mercedes Maybach, and a private jet for £12m.

President Buhari said the last administration mismanaged the economy while stating that it was a disgrace that state governments in the country can’t pay salaries; hence, the need to recover looted funds wherever they may be hidden.

Commenting on the development, a former Minister of Finance and elder statesman, Chief Olu Falae, commended the move and described it as laudable and desirable.

Falae expressed the belief that looted funds could be recovered because the whole world is now talking about promotion of transparency in governance.

“If some monies could be recovered from Abacha loot in the recent past, then it will be possible to recover looted funds from others as well,” he said.

The former minister, however, urged the President to follow due process while going after the looted funds.

Falae said, “It is just that we have to follow due process because we cannot force the countries where the looted funds were stashed to return them because they are not subject to our authorities. But if we follow due process, it might be possible for us to recover those monies.

“The monies should not just be recovered; they should be used to develop the country. There should be no exception; anybody who has looted the public fund should be made to return it. Not only monies stashed abroad should be recovered, those stolen and kept in the country should also be recovered. I wish the President good luck in his move to achieve this initiative.”

Also, the Convener of Coalition Against Corrupt Leaders, Mr. Debo Adeniran, asked Buhari to follow the normal channel through mutual legal assistant treaty that Nigeria has with the countries where such monies were stashed, if he really wants the stolen funds repatriated.

He said, “The President may succeed if he invokes the letter of the mutual legal assistant treaty, but I am not sure Nigeria has such with Switzerland although that country has been voluntarily returning Abacha loot to Nigeria.

“There are several other countries that may not be willing to return the volume of the money that was kept in their banks by the looters except there is international status that Nigeria can invoke to compel them to repatriate the fund.




http://www.punchng.com/news/buhari-traces-looted-funds-to-uk-switzerland-others/

We all wnt this!!!

Bt for Hw long will we waiting for this word :::I will do dis::::: I will do Dat::::::

why Not kick off,why open up for looters to relocate the money,y send signal.

So After reading this looters will Jst chill at home,is that Wat he thinks?

gregg2:
Rubbish propaganda

A lagooner has been spotted

obinoral1179:
Our politicians are the biggest fools,they save our money in oversee banks and this banks used the so called looted fund to help their citizen.

I hope baba trace all the looted fund.


Baba south africa must pay our arms deal money with interests ooooo.

It's also parts of our money the World bank and IMF brings back to us as loan.
We are going to recover every kobo taken out of the Nigerian treasury illegally. Not to recover for another set of thieves but to develop our land.

Don't be surprised if the government refute the news. The government has refuted many news.

God will help you Baba keep the good work. this is the time to save NIGERIA.

This Fulani Hausa Jihadist neva sieze to amaze me, so he is focussing his searchlight only on past administration while ignoring d biggest thiefs, his kins men dat brought dis country to d level we r today. Babangida, Abdulsalam, Abacha whom he said was not corrupt, Turayi Yaradua n her cartel, Abu Lolo's father, Emirs, Sanusi. etc. dis Hausa Fulani just believe dey own dis country n as such any mal-administration by dier kins men shud not be investigated. m just surprise dat he is not taking intp condideration d loot carried out by Ibb n Abdulsalam in particular dat makes him keep quite today. dey know how to cover dier own. he shud also probe his own admistration

gregg2:
Rubbish propaganda

must you talk or it's your destiny belong to this R and p word

It's a great news if it's true. The offenders must be prosecuted too, no sacred cows biko. Even if my papa is among, prosecute him!

boss1310:
i hope this is true and not some propaganda by supporters of a party here against the other in order to deviate from the recent national fart emanating from their own party
if president Buhari is tracing stolen funds i want him to start from the time of oil boom in the 70's to recent with his his own military regime included,he should be unbiased and comprehensive in the accounting this will make Nigerians believe the change his party has been preaching anything less than this is smokescreen

and you think he cares about what You Want? If he probes only GEJ, carry gun and start killing people naa. Nonsense

The funds shouldn't only be returned, the perpetrators should also named and jailed.

Ayuba123:
This Fulani Hausa Jihadist neva sieze to amaze me, so he is focussing his searchlight only on past administration while ignoring d biggest thiefs, his kins men dat brought dis country to d level we r today. Babangida, Abdulsalam, Abacha whom he said was not corrupt, Turayi Yaradua n her cartel, Abu Lolo's father, Emirs, Sanusi. etc. dis Hausa Fulani just believe dey own dis country n as such any mal-administration by dier kins men shud not be investigated. m just surprise dat he is not taking intp condideration d loot carried out by Ibb n Abdulsalam in particular dat makes him keep quite today. dey know how to cover dier own. he shud also probe his own admistration

The immediate past administration appears to have been even more corrupt than others. Besides, it would be easier to investigate since it is chronologically closer to the present administration. Simply pointing fingers isn't good enough.

His administration hasn't been in for 3 months and you're asking him to probe it? This shows that you're not serious but are simply ranting. When you can, provide something more concrete than simply naming people.

President Muhammadu Buhari should not limit his great search of our stolen and looted public funds to G7 countries alone.He should try Eastern European countries the ones in the eu and outside the eu,Poland, Lithuania,Ukraine,Belarus,Russia but I guess if Putin the great would like to release any money now as his country is greatly in need of money due to western sanctions but doesn't that mean we shouldn't ask for our money in their countries.
And also Asian countries,China don't trust those chinos but the Chinese govt ll be willing to release any 9ja stolen fund in their country for this could jeopardise our economy relationship with them.Korea, you people remember Mama Peace was there for honorary award,that ain't for free pls.Many things involved.
Singapore,Thailand,Malaysia even on to Fiji Islands.

Get our monies back President and use it for the benefit of our great country Nigeria.And we and our future generations will forever remember you for good and forever thanking you.

May God bless Nigeria.

boss1310:
i hope this is true and not some propaganda by supporters of a party here against the other in order to deviate from the recent national fart emanating from their own party
if president Buhari is tracing stolen funds i want him to start from the time of oil boom in the 70's to recent with his his own military regime included,he should be unbiased and comprehensive in the accounting this will make Nigerians believe the change his party has been preaching anything less than this is smokescreen

that's not paramount, if he can effectively probe events of the last 10years its ok. Events of 80's and 90's might never produce anything meaningful and 'll be a clog in the wheel.

Don't forget asking
IBB
OBJ
ATIKU
TINUBU even FASHOLA and all past governors in Nigeria.

No one should be spared pls.

We can not forgive them.

This is very pleasant news. As much money as possible should be recovered from those subhuman scum who had the chance to lay and build on progressive foundations in this country but instead chose to send the little we have to already developed countries whose people even detest our very existence. Anybody who is sad about this news should immediately see a psychiatrist. Hopefully the FG will put modalities in place to thoroughly prosecute those involved to serve as a deterrent for future offenders.