By Johnbosco Agbakwuru
ABUJA – PRESIDENT Muhammadu Buhari Tuesday appealed to the National Assembly to hasten the passage of the Proceeds of Crime Bill before it in order to strengthen his anti-corruption war in the country.

This is as the President has vowed to make optimal use of proceeds of recovered loots to address the economic and social problems and has promised to block loopholes for stealing public funds.
The President made the appeal when he received report of the committee on the Audit of Recovered Public Assets which he set up last year to carry out a comprehensive audit of assets and funds recovered by Ministries, Departments and Agencies between 29th May 2015 and 22nd November 2017.

The three-member Committee which said it had recovered N769 billion is chaired by Olufemi Lijadu, an accountant from the Auditor General of the Federation office, Mohammed Nami, and Gloria Chinyere Bibogha.

Pointing out that assets recovery is an integral part of the war against corruption, the President said the committee was empanelled not only to reconcile different figures released as recovered loot since 2015, but to also evolve a proper management, transparency and accountability culture in the management of recovered assets

According to him: “Our asset recovery and management system will in future be transparently, effectively and efficiently managed, and we will set out a fresh template of public accountability in the country.

“However, a key tool that will revolutionize our asset recovery and management architecture is the Proceeds of Crimes Bill which is currently awaiting passage by the National Assembly.

“Once the Bill is passed and assented, many of the challenges facing our asset recovery and management practice will be adequately taken care of as the Bill addresses most of the challenges facing effective asset recovery and management in Nigeria. I therefore encourage the National Assembly to take necessary steps to pass the Bill.”

He promised that proceeds of assets recoveries would be optimally used to address economic and social problems, while loopholes for stealing public funds must be blocked; even as he assured Nigerians that the findings and recommendations of the Committee would be carefully examined and given due consideration with a view to implementing the recommendations.

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, who stressed that the committee’s work was intended to avoid a re-looting of the recovered assets, proposed that projects funded by recovered loot should henceforth be appropriately captured in national budgets.

Giving a mini breakdown of the recovered assets, Malami said: “The federal government recovered N13.8 billion from tax evaders in May 2018.

“In May 2018, government paid N439.2million to about 14 whistle blowers who gave specific information on tax evasion.

“Again, N3.8 million, $378million US dollars 27,800 pounds was equally recovered from public officials.

“In summary, the recovered funds by the three-man committee is N769 billion naira cash, recovered within the period under review.”

Chairman of the Committee, Lijadu, in his brief remarks, disclosed that it was complied in four volumes even as he appealed to government to always deploy recovered assets properly.

Lijadu said, “The government agencies covered by the audit are the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices Commission (ICPC) Nigeria Police Force, Pension Transitional Arrangement Department, PTAD, Federal Ministry of Finance, Ministry of Justice, Office of the National Security Adviser, ONSA, and Department of State Security, DSS.

“The Committee obtained access to records including bank statements and other information from government agencies, banks and other organizations regarding recovered cash and non cash public assets. The Committee as required by its Terms of Reference, reviewed and attempted to reconcile the recovered assets as declared by agencies with the actual recoveries made.”


https://www.vanguardngr.com/2018/09/buhari-begs-nass-to-pass-proceeds-of-crime-bill-recovers-n769bn-stolen-assets/amp/

PMB is the boss joor. 2019 sure gan

Gullible You recover and borrow cant you think

Buterflyle0:
PMB is the boss joor. 2019 sure gan

Gosh!! and he is still borrowing

StillX10:
Gosh!! and he is still borrowing

Yes because we need all the monies we can get now due to the massive infrastructural drive this government is on and also due to the "about" 1000 abandoned projects the previous governments left for this administration.

denko:
Gullible You recover and borrow cant you think

Doltish this is not like your GEJ who borrowed for sake of salary payment despite record breaking oil revenues during his time.

If and when this FG borrows its for infrastructure which is desperately needed if Nigeria must be a the kind of force it is destined to be

Buterflyle0:


Yes because we need all the monies we can get now due to the massive infrastructural drive this government is on and also due to the "about" 1000 abandoned projects the previous governments left for this administration.

blame games, typical of APC and its cohorts

Good kudos where it is due.

However, we hope this fund which we all know is a left-over from the already re-looted recoveries won't go into settling bills and servicing loans.

Saraki and his Alibaba mates will rather hob-nob and transverse the length and breadth of the country in a bid to satisfy their personal cravings for power than reconvening to pass the said bill for the collective good of the country.

He should kukuma win the Presidency and toss the bill in the trash.

Our God dey look una..

Your small god has sold Nigeria to china just watch as china takeover Nigeria airport next year

Buterflyle0:


Doltish this is not like your GEJ who borrowed for sake of salary payment despite record breaking oil revenues during his time.

If and when this FG borrows its for infrastructure which is desperately needed if Nigeria must be a the kind of force it is destined to be

denko:
Your small god has sold Nigeria to china just watch as china takeover Nigeria airport next year

No answer that jobless miscreant, he likes spreading fake news. The other day he lied he got farm. He's a jobless soul

denko:
Your small god has sold Nigeria to china just watch as china takeover Nigeria airport next year

Your small god and party almost sold Nigeria on Olx back in 2015 but thank God we removed them.

In fact your small god rendered 30 states bankrupt and unable to pay salaries despite receiving a record breaking $393 billion from oil revenue alone.

Watch ad Nigeria begins to rise and fly under PMB even though you would love for it not to be so.

Pmb till 2023

BABA is too good for 9ja bundle of votes await him 2019

Tecno k7 for sale at a very forking cheap rate.

Bought it for mom but she couldn't use it so i just wan sell am anyhow.
Para para price dm with wetn you get.

Price with sense tho

How much has been recovered from Buhari himself? His wife and daughters' Hermes and jewellery collection alone would be worth millions of dollars (not even including his son Yusuf and his billions for now), all illegally acquired of course.

How much has been recovered from 'Tunde' Sabiu - Buhari's stupendously rich small boy Chief Personal Assistant? A boy that has billions in cash in his mere 20s merely by being Buhari's PA?

How much has been recovered from Thief of Staff Kyari? Or is anybody still doubting that the man has become a multi billionaire under Buhari's stuffy nose?

How much has been recovered from Amaechi (including his slay queens like Mo Abu-something, Toke Makinwa and countless others that he wasted and is still wasting millions of dollars public funds on)?

Most importantly, how much has been recovered from Asiwaju Jagaban Tifinumbu? The richest Nigerian politician dead or alive. His wealth would put Abacha and Babangida to shame, and I am saying that confidently. How much has been recovered from him?

BMCs food don land...

Developed counties should stop giving loan to African countries.


Before praising China for giving Nigeria loan, watch this video;

https://www.youtube.com/watch?v=yjl7d0Ongn4

We need to know your take on this.

What will be your reactions if your wife holds you like this?

https://wiki9ja.com.ng/poll/what-will-be-your-reactions-if-your-wife-holds-you-like-this

Yet the president is borrowing everywhere for no valid reasons thereby plunging Nigeria into eternal indebtedness.Clueless government.

[s]

Buterflyle0:


Doltish this is not like your GEJ who borrowed for sake of salary payment despite record breaking oil revenues during his time.

If and when this FG borrows its for infrastructure which is desperately needed if Nigeria must be a the kind of force it is destined to be

[/s]



Check how much he has borrowed, bros keep quiet joor

Buterflyle0:
By Johnbosco Agbakwuru
ABUJA – PRESIDENT Muhammadu Buhari Tuesday appealed to the National Assembly to hasten the passage of the Proceeds of Crime Bill before it in order to strengthen his anti-corruption war in the country.

This is as the President has vowed to make optimal use of proceeds of recovered loots to address the economic and social problems and has promised to block loopholes for stealing public funds.
The President made the appeal when he received report of the committee on the Audit of Recovered Public Assets which he set up last year to carry out a comprehensive audit of assets and funds recovered by Ministries, Departments and Agencies between 29th May 2015 and 22nd November 2017.

The three-member Committee which said it had recovered N769 billion is chaired by Olufemi Lijadu, an accountant from the Auditor General of the Federation office, Mohammed Nami, and Gloria Chinyere Bibogha.

Pointing out that assets recovery is an integral part of the war against corruption, the President said the committee was empanelled not only to reconcile different figures released as recovered loot since 2015, but to also evolve a proper management, transparency and accountability culture in the management of recovered assets

According to him: “Our asset recovery and management system will in future be transparently, effectively and efficiently managed, and we will set out a fresh template of public accountability in the country.

“However, a key tool that will revolutionize our asset recovery and management architecture is the Proceeds of Crimes Bill which is currently awaiting passage by the National Assembly.

“Once the Bill is passed and assented, many of the challenges facing our asset recovery and management practice will be adequately taken care of as the Bill addresses most of the challenges facing effective asset recovery and management in Nigeria. I therefore encourage the National Assembly to take necessary steps to pass the Bill.”

He promised that proceeds of assets recoveries would be optimally used to address economic and social problems, while loopholes for stealing public funds must be blocked; even as he assured Nigerians that the findings and recommendations of the Committee would be carefully examined and given due consideration with a view to implementing the recommendations.

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, who stressed that the committee’s work was intended to avoid a re-looting of the recovered assets, proposed that projects funded by recovered loot should henceforth be appropriately captured in national budgets.

Giving a mini breakdown of the recovered assets, Malami said: “The federal government recovered N13.8 billion from tax evaders in May 2018.

“In May 2018, government paid N439.2million to about 14 whistle blowers who gave specific information on tax evasion.

“Again, N3.8 million, $378million US dollars 27,800 pounds was equally recovered from public officials.

“In summary, the recovered funds by the three-man committee is N769 billion naira cash, recovered within the period under review.”

Chairman of the Committee, Lijadu, in his brief remarks, disclosed that it was complied in four volumes even as he appealed to government to always deploy recovered assets properly.

Lijadu said, “The government agencies covered by the audit are the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices Commission (ICPC) Nigeria Police Force, Pension Transitional Arrangement Department, PTAD, Federal Ministry of Finance, Ministry of Justice, Office of the National Security Adviser, ONSA, and Department of State Security, DSS.

“The Committee obtained access to records including bank statements and other information from government agencies, banks and other organizations regarding recovered cash and non cash public assets. The Committee as required by its Terms of Reference, reviewed and attempted to reconcile the recovered assets as declared by agencies with the actual recoveries made.”


https://www.vanguardngr.com/2018/09/buhari-begs-nass-to-pass-proceeds-of-crime-bill-recovers-n769bn-stolen-assets/amp/

And the idiot is still borrowing?


where is the recovered loots? Relooted

Good

StillX10:
blame games, typical of APC and its cohorts

Realities and not blame games.

Why do you think this question was asked obasanjo not too long ago? (Obasanjo where is the light?)

This was after he allegedly squandered $16b on our power sector and still left the mambila power station abandoned.

Jonathan came and still left critical areas of I frastructural input abandoned.

He was busy awarding contracts with zero funding.

Pmb is busy cleaning up their mess by ensuring he focuses on infrastructure and not further initiation of projects like other past governments did.

If past governments had been committed to finishing projects, Nigeria would have been half way to the utopia we all want.

Buhari and lies ... yet every minute 6 Nigerians are being thrown into abject poverty under Buhari .

Bullshit

And him no fit put hand inside and take #56m... This man's integrity is questionable

I don't care, if you like recover 100 trillion, na the same old shit.
It will be used for ur campaign and still shared among usless old elites and next thing you know he will go for borrowing in china.
I dont just understand how this country is being run, they dont have sense, this country shld be given to big business men or technocrats like trump to run.
Not some failed old usless man who only knows how to rear and sale cows.

where all the recovered money dey enter?

Racoon:
Yet the president is borrowing everywhere for no valid reasons thereby plunging Nigeria into eternal indebtedness.Clueless government.

Yet China is a debtor of over $4 trillion and still borrowing.

This is the season of infrastructure and development does not come cheap. Every country pays the price called DEBT prior to development. They go together because no country exists or grows Alone.

Very efficient government

FarahAideed:
Buhari and lies ... yet every minute 6 Nigerians are being thrown into abject poverty under Buhari .

And you just joined the abject poverty list a minute ago

Thanks to Buhari but where is the money,

Please Buhari, can you tell us a single project that that you have carried out with the money you recovered.

Buterflyle0:
PMB is the boss joor. 2019 sure gan

And still yet we are borrowing, hiss!