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Buhari gets report on assets recovery


[FILE PHOTO] President Muhammadu Buhari. PHOTO/TWITTER/APCng

President Muhammadu Buhari has received the report of the three-man presidential committee set up to audit recovered funds with a charge to the National Assembly to facilitate the quick passage of the Proceeds of Crimes Bill currently before it.

Specifically, the Olufemi Lijadu-led panel was raised to audit recovered funds from May 29, 2015 to April 10, 2017 and later extended to November 22, 2017.

The president said the proposed legislation was sine qua non to his administration’s efforts to address the numerous challenges facing government’s effective assets recovery and management in Nigeria.


“A key tool that will revolutionise our assets recovery and management architecture is the Proceeds of Crimes Bill which is currently awaiting passage by the National Assembly.

I therefore encourage parliament to take necessary steps to pass the bill,” Buhari noted.

He said once the piece of legislation becomes law, most of the bottlenecks in the way of assets recovery and management practice would be adequately taken care of.

The president reiterated the resolve of his administration to pursue a strong anti-corruption fight and recover stolen assets using all legal and diplomatic means available.

He observed that the report was a milestone in the fight against graft, a project, Buhari added, was crucial to the viability and continued existence of the country.

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