₦airaland Forum

LEKE BAIYEWU
Human rights lawyer, Mr. Femi
Falana, on Saturday expressed the
fears that both the Federal
Government and Nigerians would
not benefit from the funds recovered
from public treasury looters if the
monies are not being disbursed to
cushion the effects of the current
hardship.



The Senior Advocate of Nigeria, in an
interview with Sunday PUNCH in
Abuja, therefore advised the
President Muhammadu Buhari-led
administration to set up a special
fund similar to the Petroleum Trust
Fund, to cater for special projects
across the country.
Falana was reacting to the Minister of
Information and Culture, Mr. Lai
Mohammed, who said on Friday that
the amount of loot so far recovered
by the government was not enough
to revive the economy, which is
currently in a recession.
The minister, who spoke at the News
Agency of Nigeria Forum in Abuja,
said the N78bn and $3m (N945m) so
far recovered were not even
sufficient to pay half of the Federal
Government workers’ salaries in a
month.
He had said, “What we have
recovered and if my record is right, is
about N78bn and $3m. We’ve
blocked other accounts with about $
9bn, but the money is not available
to us because we are still in court.
“The government spends N165bn
monthly on Federal civil servants. So
what we have so far recovered
cannot even pay 50 per cent of the
salaries in a month. What has been
recovered is so little compared to
what we need on a continuous
basis.”
Falana urged the government not to
“lock up” the funds.
He said, “The Federal Government of
Nigeria has disclosed the amount
recovered so far. The information
minister said it is not enough to fix
the economy. Agreed, but the
government should not lock up the
fund.
“Let the Federal Government set up
a public spirited group like PTF to
manage the recovered loot.”
The activist added that nothing
should stop the government from
spending the loot already recovered.
He said, “It will solve some
problems. You can’t just keep it in
the bank. For how long are you
keeping it?”
Copyright PUNCH



http://m.punchng.com/recession-fg-spend-recovered-loot-says-falana/

They have looted the loot.

Advice of an ambulance chaser

Spend the little recovered effectively -- it is an emergency!

"At all at all na im bad"

Old men and savings.

no..dont use it..its blood-money......just put it in one account and forget it.....better than bringen a curse on yourselfs...

Falana should stick to law and human rights.
No, they cannot spend it.
More naira in circulation basically more naira going after goods and services we do not produce or supply This will lead to more inflation and demand for dollars

...The government can't be sustained on recovered loot...cheiii...I Don die for this present administration...

Revenue generation via industrialization and true federalism is the way and not this charade...

989900:
Spend the little recovered effectively -- it is an emergency!

"At all at all na im bad"

Old men and savings.

That is if there is anything like recovered loot