Everest Amaefule, Abuja

The Federal Government is using part of the funds recovered from those who looted the treasury to finance the 2017 budget, President Muhammadu Buhari has said.

Buhari, who spoke at the 22nd Annual Conference of the Association of National Accountants of Nigeria in Abuja on Tuesday, was represented by the Accountant General of the Federation, Alhaji Idris Ahmed.

He said the government had resolved to use some of the recovered stolen funds to finance this year’s budget.



Buhari said, “My administration has practically done much in delivering on its core focus of diversifying the economy. Part of the stolen funds recovered is being used by the government to finance the 2017 budget.

“Power generation peaked at an all-time high of 7,001 megawatts in the third quarter of 2017.”

The President also disclosed that his administration was aiming to produce 10,000MW of electricity by the year 2020.

He said the firm implementation of the Treasury Single Account since September 2015 had significantly enhanced transparency in the Federal Government’s public financial management system.

Speaking at the conference, Chairman of Council, ANAN, Alhaji Shehu Ladan, pledged the support of the association to the government’s economic agenda.

“The accountant is key. We are calling on our members to increase their integrity quotient. As an association, we are strengthening our discipline mechanism to ensure that members found wanting do not go unpunished,” Ladan stated.

He said it was important for the government to ensure the reinvestment of the recovered stolen funds to ensure quicker recovery of the economy.

http://punchng.com/were-using-recovered-looted-funds-to-finance-2017-budget-buhari/

Zoogeria

This government na American wonder.

With all the borrowings and increase in both oil output and price recovered looted funds has also been lifted.

So why borrowing again

Chai, APC is a scam.

And then use Baru's $26bil loot for 2019 election.

if I tell u say I never tire to watch this poo. then I dun lie. . . another avenue to loot the recovered loot. the circle of corruption continue. . . I am TiRED

the nation's budget, or their personal budget?

I thought they said will be accounted for then approved by law before usage.

Abeg when was all this done.

Secondly the tsa who and who are in custody and signatories to it.

or has that one been used also?

honesty, what this stupid country needs is either revolution, separation, disintegration or serious restructuring.

Chaiii!!!!.....c my lyf oooo... Make i jus dey laff mysef 4 dis kontri

lols and the $5.5 billion loan you are requesting from national assembly will be used to finance what? your medical bills abi

THIS IS A BIG SCAM. BUHARI MAY BE THINKING NOW THAT WE ARE FOOLS.

Mjshexy:
So why borrowing again

Beauty and brains

Nah waoooohhh..why borrborrow $5.5 bullion? The president should try and be attending functions in the country so that we know some statements come from him directly ..all these representative that will talk and claim from presidency...'from the presidency' is becoming too much abeg..

So the 5billion grandpa wants to borrow is for shayo abi.........

LMAOOO




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Really? Tell us another lie

confused country

Good

Why s he sayin all ds nw?....guilty mind

philchudi:
Zoogeria

You this shameless people wont stop embarassing this country even though your leader is nowhere to be found

Laugh... I can't get enough of it in this CUNTry

fools



which recovered funds

OK

Shameless liars.. .

Hmm

budget ke so where the implementation

This is just the beginning, since the zombies refused to repent of their follow follow