Anti-graft Agencies Are Looting Recovered Funds and Properties - Saraki Raises Alarm - Uju Ayalogu's Blog for News, Reviews, Articles and More

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Tuesday 28 November 2017

Anti-graft Agencies Are Looting Recovered Funds and Properties - Saraki Raises Alarm

Anti-graft Agencies Are Looting Recovered Funds and Properties - Saraki Raises Alarm

Senate President Bukola Saraki

The President of the Nigerian Senate, Bukola Saraki has accused anti-graft agencies of stealing recovered funds and properties.

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Senate President, Bukola Saraki, has alleged that proceeds of corruption recovered by the Federal Government are being looted by anti-corruption agencies. The lawmaker revealed this on Tuesday at the ‘Strategic Retreat on Tracking the Progress of Anti-Corruption Bills in the National Assembly’ in Abuja.

Saraki further added that because of such scenarios, some countries lacked confidence in Nigeria, concerning the management of assets recovered from looters.

The Senate President said the retreat was more important now due to the peculiar position of Nigeria in the global anti-corruption tapestry.

He also notes that the commitment by President Muhammadu Buhari towards curtailing corruption in the country was not in doubt.

He said the 8th National Assembly, in providing legislative synergy, made anti-corruption one of the pillars or charters of service and incorporated it in the agenda of both the Senate and House of Representatives.

According to him, every bill that has come before the National Assembly and has the purpose of contributing towards the anti-corruption drive has received expeditious attention.

Saraki said, “In related matters, Nigeria is finding it difficult to convince other nations to return funds looted from our treasury.

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“This is because of the 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 get re-looted by the agencies that investigated and recovered them.

“An ad hoc committee of the Senate, which is investigating some administrative infractions in the Executive, has discovered that many properties recovered from a fugitive from the law have not been accounted for by the investigating agency.

“This gives the global community great concern about the commitment of Nigeria to the anti-corruption drive."

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