Wednesday, 22 July 2015

Buhari promises to trace stolen funds

President Buhari has promised to trace and recover  stolen oil money and prosecute culprits. He made this statement on the 3rd day of his visit in the US while reacting to questions from the members of Nigerians In Diaspora Organisation (NIDO) in the US and Canada at the Nigerian Embassy in Washington DC. He stated that ''corruption in Nigeria has virtually developed into a culture where honest people are abused.'' 

Read more after the cut.....

In a statement released by the Senior Special Assistant to the president on Media and Publicity, Garba Shehu, the President disclosed that if fuel subsidy is removed the average worker will suffer untold hardship because food prices will go up.

According to him ''250,000 barrels per day of Nigerian crude stolen and people sell and put the money into individual accounts,'' he added that the United States are helping us trace those accounts now. We will ask such accounts to be frozen and the persons prosecuted.'' The amount is mind boggling and former ministers were selling up to one million barrels per day. A lot of damage ahs been done to the integrity of Nigeria already.

He cited the example of Nigerian National Petroleum Corporation (NNPC), President Buhari said during his tenure as Federal Commissioner for Petroleum under the military regime the NNPC has only two traceable accounts before paying oil proceeds into the Central Bank of Nigeria (CBN), '' now everybody is doing anyhow.''

President Buhari agreed that the ''economy is in an extremely bad shape, but he said the All Progressives Congress (APC) administration would fulfill its three-pronged campaign manifesto of providing security, turning the economy around, youth employment and fighting corruption.

Buhari was asked if he would agree to negotiate with Boko Haram. He said the Federal Government (FG) would negotiate if the genuine leaders of the sect came forward and convinced the FG the current conditions of the girls, their location and if they are willing to negotiate.

'' Our objective is that we want the girls back alive and returned to their families and rehabilitated. we are working with neighbouring countries if they will help,'' he said.

'' I am going slow and steady,'' he assured, as he called for patience to allow the new administration, '' put some sense into the government and deal with corruption.''

The youths took turns to express their best wishes to the President and the country.


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