Loot: $150 Billion Is At Stake – Buhari

President Muhammadu Buhari has disclosed that his government is actually tracking looted fund to the tune of $150 billion that was stolen over the past 10 years.

Buhari said this in an article he wrote to to Washington Post that coincided with his visit to the United States on a four-day official visit.

The president said that the stolen monies which  are cached in foreign bank accounts were more than Nigeria budget for seven and allegedly looted  by past corrupt government’s officials.

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It is believed that one of Buhari’s requests to the America’s President Barack Obama in Washington would be the repatriation of  stolen fund .

The Nigeria’s president had repeatedly made his intention known that he will fight corruption to a standstill including tracking and recovering of stolen  fund. He added that the money would be use to provide for welfare and infrastructure programme in the country.

President Buhari article read in part: “There are too few examples in the history of Nigeria since independence where it can be said that good management and governance were instituted at a national level.

“This lack of a governance framework has allowed many of those in charge, devoid of any real checks and balances, to plunder.

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“The fact that I now seek Obama’s assistance in locating and returning $150 billion in funds stolen in the past decade and held in foreign bank accounts on behalf of former, corrupt officials is testament to how badly Nigeria has been run. This way of conducting our affairs cannot continue.

“Indeed, the failure of governance, it can be argued, has been as much a factor in Nigeria’s inability thus far to defeat Boko Haram as have been issues with the military campaign itself.”

Read the full article here.

 

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