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29 Nov 2017

Anti-corruption Agencies are Looting Recovered Assets - Saraki Raises Alarm

Nigeria's Senate President has alleged that the Anti-corruption agencies including the Economic and Financial Crimes Commission, are looting assets recovered by the federal government.
Bukola Saraki
While speaking at a one-day strategic retreat on Tackling the progress of anti-corruption bills in the National Assembly, yesterday, Senate President, Bukola Saraki, alleged that proceeds of corruption recovered by the Federal Government are being looted by the anti-corruption agencies.

The senate president blamed anti-graft agencies in the country for making it difficult for the federal government to convince other nations to return funds looted, and reiterated that many assets recovered were relooted by the anti-corruption agencies in Nigeria.

Saraki who was represented by the Deputy Senate Leader, Ibn Bala Na’Allah, said; “Nigeria is finding it difficult to convince other nations to return funds looted from our treasury. This is because of other nations’ exasperation over the management of returned assets.

“Only recently,  Mr. President inaugurated a committee to audit all assets recovered by various government agencies.

“The National Assembly has been strident about the opacity shrouding the management of recovered funds, which, in many cases, gets reported by the agencies that investigated and recovered them.

“An ad-hoc committee of the senate, which is investigating some administrative infraction in the Executive,  has discovered that many properties recovered from fugitives from the law have not been accounted for, by the investigating agency.
"This gives global community great concern about the commitment of Nigeria to the anti-corruption drive.”

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