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5 Jul 2018

Why I'm Selling-off Assets Recovered From Looters - President Buhari reveals

While speaking during a joint press conference at the end of Namibian President, Hage Geingob’s visit to the Presidential Villa, Abuja on Wednesday, President Muhammadu Buhari, revealed why he is selling-off assets recovered from looters.

According to a report by The Nation, the president noted that stolen assets seized from looters under his military rule were returned to them when he was ousted in 1983, adding that his administration is selling off assets recovered from looters and putting the money in the government coffers to forestall what happened in the past.

The President who was responding to a question on Nigeria’s anti-graft battle said: “We are pursuing people who have declared assets. But we find out that they have much more than they have declared. We follow them through their bank accounts to the companies they formed to the contracts they got

“Sometimes, they swear to Almighty God that their structure that cannot develop feet and run away does not belong to them. Then they are confronted with their bank accounts.

“Again, using my experiences when I was arrested and detained, people were given back what they have appropriated. This time around, I said we are going to sell them and put the money into the treasury and I will see whoever comes after that will have the courage to take money from the treasury and give to anybody.

“So, we are winning, but it’s very difficult under this multi-party democracy system. And we are getting the cooperation of countries. We are trying to sell the assets wherever we find them and bring the money into the Nigerian treasury.”

Buhari said his administration would soon reorganise the nation’s judiciary to ensure effective fight against corruption in the country.

He said: “We are going to dedicate some judges to deal with corruption cases and try to put forward and prosecute all those that investigations proved that they have questions to answer.

“So that is what I’m telling you that we haven’t given up; we are doing our best and we will recover as much as humanly possible.”

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