- Kemi Adeosun, the minister of Finance, reveals how often the present administration recovers stolen funds
- Adeosun reveals that stolen funds are recovered daily from different places by the Buhari-led administration
Nigeria's minister of finance, Kemi Adeosun, says President Muhammadu Buhari's administration recovers stolen funds on a daily basis.
NAIJ.com gathered that Adeosun, who was speaking on a programme on African Independent Television (AIT), however did not state how much has been recovered by the Buhari-led administration so far.
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She said: “It’s a process that we are reconciling and I’m sure that very soon, we will put out some data; I think Lai Mohammed put out some figures and since then we have improved our reconciliation methods and we have an asset tracking team.”
“I’m confident that very soon we’ll put out updated figures of course recovery changes day to day because on a daily basis, money is being recovered from various places but soon we’ll put out comprehensive figures on that.
“The recovered funds are still with me, part of it is to be used for budget. The acting president has insisted that we identify projects in the budgets that will have national impact so we are going through the budget to identify and release funds for that especially in the area of health. Stolen funds will be used for capital projects, not paying of salaries.”
The minister of finance also said Nigeria getting out of recession is not the most important thing.
“We are out, we’re out to an extent and we hope that the figures will reflect the fact that we’re out. We shouldn’t focus too much on when, what we should focus on is growth. Getting out of recession is not enough, we have to grow and grow aggressively.
“The ERGP has plans that will have us seeing seven or eight percent growth and that is the kind of growth we need for our population growth and I’d like to focus less on when we’ll get out of recession.”
Earlier, NAIJ.com reported that members of the House of Representatives are currently seeking a bill to grant amnesty to those willing to return funds looted from Nigeria's treasury.
The lawmakers said the bill will provide a three-year amnesty to the looters. The bill also seeks to establish a voluntary taxable income recovery and proper amnesty scheme for the recovery of stolen funds.
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The scheme the legislature said will enable the injection of these recovered loots into the Nigerian economy.
Watch this NAIJ.com video of EFCC staging a march tagged ‘walk against corruption’ in the Federal Capital Territory, Abuja.