Politics
What We Are Doing With Recovered Loot – Osinbajo
Vice-President Yemi Osinbajo says a large portion of recovered loot is used to fund the social investment projects of the current administration.
Speaking at an event to commemorate the World Anti-corruption Day, Osinbajo listed some of such social investment projects to include the homegrown school feeding programme, growth enterprise and empowerment programme as well as N-Power – “the largest social investment programmes of any administration”.
He promised that the federal government would ensure adequate use of recovered assets.
Osinbajo, who delivered the keynote address titled, ‘Notable trends in the war against corruption,’ was represented by Waziri Adio, executive secretary, Nigeria Extractive Industries Transparency Initiative (NEITI),
“A large portion of recovered assets is used to fund the social investment projects of this administration,” he said.
“In 2016, Nigeria joined the open government partnership (OGP) and has thus far made 14 commitments aimed at ensuring transparency and accountability in the management of public office and increasing citizen participation in governance.
“Some of such commitments include open contracting (via the ICRC’s PPP contract disclosure portal), technology-based citizens’ feedback, presidential committee on asset recovery, voluntary assets and income declaration scheme, and the special investigation panel on the recovery of public property.
“The 2016, 2017 and proposed 2018 budgets all have a line for the recovery of stolen public funds. Hence, the recovery of funds is a revenue line.
While expressing sadness at the difficulty usually experienced in recovering stolen funds kept abroad, Osinbajo said: “The criminality involved in the initial acceptance of stolen funds by institutions in these countries is oftentimes left unpunished”.
“In order to be successful, the war against corruption requires the constant recruitment of stakeholders and partners, particularly from other arms of government and civil society organisations,” he added.
“I hope the issue of stakeholder recruitment and other pertinent issues will form part of your deliberations at the panel discussions still to come.”
Eze Onyeze
December 14, 2017 at 7:30 pm
loot further
Stephen Uzuegbu
December 14, 2017 at 1:11 pm
He said the money is used to feed school pupils
Onyema Daniel Ukegbu
December 14, 2017 at 12:08 pm
Beware of re-looters lurking in the dark. Keep your eyes awake day and night like fish in the water.
Eze Done
December 14, 2017 at 11:26 am
You people are confused
Shijja'uddeen Yahaya Sfn
December 14, 2017 at 10:50 am
Let us know the amount of money recovered first.
Dimi Vibrant
December 14, 2017 at 10:49 am
Pls sir God is calling u, go back to church… Don’t tarnish ur image all bcos of presidency
Ace Justice Blaq
December 14, 2017 at 10:48 am
Its a nice question …
Coz if he take his own way of doing it Nigerians will complain .
I think it time we Nigerians say something about it.
Ogbuji Franklyn
December 14, 2017 at 10:43 am
Answer the question by yourself. Yoruba goat
Chino Ezeonyekwelu
December 14, 2017 at 10:43 am
Usu..
Ogbuji Okwudiridavid
December 14, 2017 at 10:28 am
You should ask your head
Moweta Tony
December 14, 2017 at 10:26 am
Criminals in government
Ekene Udensi
December 14, 2017 at 10:21 am
UR DE BIGGEST FOOL….
Chika Harry
December 14, 2017 at 10:20 am
Nooo is for Mama put
Awa Aso
December 14, 2017 at 10:19 am
Relooting recovered loot.
Okey C. Okenze
December 14, 2017 at 10:18 am
Little mumu