Nigeria anti-graft agencies can’t account for recovered loot – Saraki

Bukola Saraki
Bukola Saraki [Photo: Nigerian Pilot]

The Senate President, Bukola Saraki, has said some recovered stolen funds can not be accounted for by the agencies that investigated and recovered them.

He said this at a retreat tagged ‘Strategic Retreat on Tracking the Progress of Anti-Corruption Bills in the National Assembly’ in Abuja on Tuesday.

He said this was the reason some countries do not have confidence in Nigeria to properly manage asset recovered from looters.

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

“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,” he said.

While emphasising that the retreat was important now due to the peculiar position of Nigeria in the global anti-corruption tapestry, he stressed that the commitment by President Muhammadu Buhari towards curtailing corruption in the country was not in doubt.

Mr. Saraki said the National Assembly had been strident about the opacity surrounding management of recovered funds and also in providing legislative synergy, as a result of which he said the lawmakers 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.

He added that the retreat was organised to appreciate the stage of each of the bills in order for the two chambers to increase the cooperation they had and build consensus on them.


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  • Justice Equity

    Very sad and pitiable, only God can deliver Nigeria from this hypocrites,cunning crafty looters and intelligent crooks.the old order were thieves and pickpockets, the new order is a band of crafty criminals, sophisticated crooks and mindless fearless looters

  • Agba

    Only in Nigeria that pot is calling kettle black.

  • Pawa2

    Saraki is a nincompoop. Not fit to even lead children on a field trip talk less of any arm of government. As far as I know, this allegatiuon is still being investigated; so for him to talk about it as if it is the truth shows a man whose brains cannot grasp simple issues and engage properly with his mouth. His notion that nations do not want to return looted money to Nigeria because they do not have confidence in the government managing the money properly does no Nigerian any good. All he has done is give those countries (who had other selfish reasons for not wanting to return loots) ammunition to hold on to it. If Saraki has been quoted correctly by the newspapers, then he is a disgrace.
    There is no doubt that Saraki has always done everything he does for the benefit of himself and his family. Everyone knows the reason he is trying to discredit the investigative agencies and the government is because he was investigated (and is still being investigated) for corruption. He will do anything to get back at the government and those agencies, even if it means destroying Nigeria and short-changing Nigerians.

    • Malik

      Ignore him like most have, he thinks Nigerians aren’t aware of the ulterior motive behind his moves.

  • North/West Allies

    Of course they can’t account for the loots because they are staged like a Nollywood movie, now they can’t pay the so called whistle blowers the supposed 800 plus million naira. This country is a huge joke, Oke, SGF lawal and co accused of corruption are still moving freely

    Believe me the so called billions found in that Ikoyi building does not belong to Oke, that money belong to Rotimi Amaechi…They stage the movies to divert attention, if it belong to Oke he should be in jail by now

  • Adekunle Akindude

    Saraki where is your loot? Where is the funds of the depositors of the banks you rendered useless? How much do you loot every year as senate President?

  • Holy truth

    Head of d fraudsters bukola mesujamba saraki of d sarafraud dynasty still get mouth to dey talk about anti fraud campaigns. Each time dis kleptomaniac opens his fraud filled mouth, all he always got to say are bunkum.
    Dis thief caused pains in d lives of depositors he stole their monies in societte Generale bank & he still shamelessly got d silly mouth to talk. It’s only in naija dat stuffs like happens & d thieves celebrated. Bukola sarafraud saraki u no dey get shame?
    How I wish dis bukola sarafraud is an American, d US government would have put him away like MADDOF bcos what bukola & his thief late father did in societte Generale bank were not different 4rm what MADDOF did to investor’s monies & was sentenced to over 100 years in prison. MADDOF would have wished he was a nigerian.