December 2, 2020

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Buhari receives report of audit of assets and funds recovered by MDAs

Buhari receives report of audit of assets and funds recovered by MDAs

The committee that audited assets and funds recovered by federal ministries, departments and agencies has submitted its report to President Muhammadu Buhari.

The committee which Mr Buhari inaugurated November last year turned over its report to him on Tuesday.

It examined the reports of recoveries by federal establishments between May 29, 2015 and November 22, 2017.

The president had directed the agencies to submit detailed reports of all their recovered assets by March 2017.

Below are Mr Buhari’s remarks at the event.

REMARKS BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT, FEDERAL REPUBLIC OF NIGERIA, AT THE OFFICIAL SUBMISSION OF REPORT OF THE THREE-MAN PRESIDENTIAL COMMITTEE SET UP TO AUDIT RECOVERED FUNDS HELD AT THE STATE HOUSE ABUJA,
11TH SEPTEMBER 2018

Ladies and gentlemen,

  1. I am delighted to welcome you all to this occasion for the formal submission of the Report by the Committee set up to carry out a comprehensive audit of assets and funds recovered by Ministries, Departments and Agencies of the Federal Government of Nigeria from 29th May 2015 to 22nd November 2017.

  2. As a result of gaps identified in the asset recovery process and in order to foster greater accountability and transparency; when I inaugurated the Committee in November 2017, I emphasized the resolve of this administration to pursue a strong anti-corruption policy and to trace and recover stolen assets using all legal and diplomatic resources at our disposal.

I also directed the agencies involved to submit detailed reports of all their recovered assets by March 2017.

  1. I must say that today’s event which symbolizes the successful completion of the onerous task given to this committee is another milestone in the fight against corruption; a project that is very crucial to our developing democratic governance.

  2. Corruption constitutes a threat to the well-being, national security, and economy of Nigeria.

  3. I have made it clear that this government will not allow the wanton diversion and embezzlement of public funds into private pockets. Thus, we intend to continue taking all necessary measures to deprive looters of public assets of the fruits of their crimes.

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