Nigeria's finance Minister, Kemi Adeosun on Tuesday said that it is very easy to loot the country's treasury but the hardwork lies in discovering and repatriation of looted funds.



Adeosun made the remark while speaking at the second day of a three-day conference on ‘Promoting International Cooperation in Combating Illicit Financial Flows and Enhancing Asset Recovery to Foster Sustainable Development.’

“My experience from the little time I’ve spent as a minister is that it’s far too easy to do these things in Nigeria, and we’ve got to make it much more difficult.”


“A lot has been done about speaking about the problem. We need to move to how to solve the problem. From the Ministry of Finance’s perspective, our view is that prevention is better than cure.


“Recovering money is exciting but it’s difficult. It takes years. We’re still battling to recover money that was looted from Nigeria 20 years ago. So, my perspective as Minister of Finance and as an accountant is: how do we block the money from getting out in the first place? How do we strengthen our controls? How do we create the early warning systems that tell us to flag certain transactions?


“Let’s stop the money going out; let’s stop the loss, and then we can work on recovery.”

http://www.newshelmng.com/2017/06/looting-nigerias-money-is-very-easy.html

True !

May God grant us the wisdom to put things right in this country.

Stealing from Africa is very easy

This woman's vagîna is bigger than her brain.

Dis nonsense woman should be in jail. Using Nigeria as experiment Lab.

An organization with no structures will be very easy to commit fraud. Nigeria has no structure. Police collect bribe at will. Army flog civilian at will. No Justice for d poor. Govt official steal at will. Nothing works in d country. All men for himself.

Madam, you talk a good game but never deliver. That portfolio is way out of your league.

Make i go root too.

Rooting phones.rooting money

No wonder it has been from one corrupt scandal to another yet no high profile conviction.Imagine the APC's otondo finance minister again .Still affirming that your ministerial post is as useless as you're.I'm not surprised-your oga @ the top is not better either.

That means she has been looting in an easy way

Typical of this government. Saying everything. Doing nothing.

NwaAmaikpe:


This woman's vagîna is bigger than her brain.

Haaa! Chineke!

This my dumb potential sugarmummy is just making sense for some days now.



Good one from her though.

Joyless sanctions and penalties for looting, setting up corruption courts to fast track cases, a robust whistle-blowing policy, are my medium term prescriptions for the looting disease. Get serious FG!!!

NwaAmaikpe:

This woman's vagîna is bigger than her brain.

bros this is unlawful vexation.

But your office spent billions on computers

It's high time you guyz rolled up your sleeves on governance.

What is this one saying, why are you the minister then? Invariably you don't have the solution to what you just said.

a

mumu

This una financial minister sef eeh

am just waiting for my turn

The people who ought to make it difficult to steal are still the looters

The problem really is that Nigeria's money is easy money.

In the industrialized world, much of the money they use comes from innovation and industries. In other words.....the sweat of their labour. And in order to earn more of that money, they spend more on making their productive potential improve....and improve well. That is why light is on in their country 24/7, water is clean, and roads and railways work well...and corruption is punished...because nothing must be allowed to impair their productive activity.

In Nigeria, our money is easy come money. We just bring out resources, sell them, and collect the money to share. And when resource A is not working....we go to resource B. That is why we have no light, no water, our roads and rail are bad...because whether those things work or not...it has no impact on our ability to earn money from oil. And that is why looting is som prevalent...because after all it does not matter....we can just simply replace the money stolen with more easy money...plus if I loot N5million, it has no effect on our ability to bring out oil. And that is why we fight over oil money...because we are too lazy to actually work....why should we work....money will come, whether we work or not.

That is why people defend corrupt leaders.....whether they steal money or not....oil money will still flow into the country. And if we betray our leaders, we lose out on the sharing.

Wake up Nigeria...wake up.

Ameachi and babachir lawal Right now

Confused.