Skip to content
July 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Our past leaders were corrupt; Abacha loot, P&ID Arbitral judgment are evidence – Buhari
  • National News

Our past leaders were corrupt; Abacha loot, P&ID Arbitral judgment are evidence – Buhari

Admin October 1, 2019
Muhammadu Buhari

President Muhammadu Buhari

Muhammadu Buhari
President Muhammadu Buhari

President Muhammadu Buhari in his Independence anniversary speech said his government is winning the war against corruption, but admits that there are obstacles on the way as “corruption is fighting back”.

He said the past administrations were fraught with corruption. According to him, an example of our corrupt past was  “the US$300 million recently identified as part of the Abacha money-laundering case, working closely with the Government of the United States of America. The Federal Ministry of Justice is working with the US Department of Justice to conclude a Memorandum of Understanding to expedite the repatriation of these funds.”

He also cited the P & ID Arbitral Award which he stressed “underscored the manner in which significant economic damage has been caused by the past activities of a few corrupt and unpatriotic Nigerians.”

He said: “On fighting corruption, our institutional reforms to enforce the Treasury Single Account policy, introduce the Whistle-blowers’ Initiative, expand the coverage of the Integrated Payroll Personnel and Information System as well as the Government Integrated Management Information System have saved billions of Naira over the last four years, and deterred the rampant theft and mismanagement of public funds that have plagued our public service.

“The Ministry of Justice, the Independent Corrupt Practices Commission, and the Economic and Financial Crimes Commission will continue to address this menace. We are determined to ensure that transparency and good governance are institutionalized in public service.

“We must commit to installing a culture of Good Governance in all we do. This Administration has fought against corruption, by investigating and prosecuting those accused of embezzlement and the misuse of public resources. We have empowered teams of prosecutors, assembled detailed databases of evidence, traced the proceeds of crimes and accelerated the recovery of stolen funds.

“Furthermore, we partnered with our friends abroad to combat tax evasion, smuggling, terrorism and illicit financial flows. In June 2018, I assented to the Mutual Assistance in Criminal Matters Act, to provide a domestic legal framework for obtaining international assistance in criminal matters.

“This measure has already strengthened our law enforcement agencies in obtaining evidence, investigating suspects and facilitating the recovery, forfeiture and confiscation of property implicated as proceeds of crime.”

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: corruption EFCC Independence Anniversary speech Muhammadu Buhari P&ID arbitral award

Post navigation

Previous Full text of President Buhari’s Independence Anniversary speech
Next I have directed the release of N600bn for capital projects – Buhari

Related Stories

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec oyo
  • National News

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec

July 19, 2026
Troops foil ISWAP mass abduction bid, rescue 46 students in Borno Troops
  • National News

Troops foil ISWAP mass abduction bid, rescue 46 students in Borno

July 19, 2026
NDLEA arrests 80-year-old grandpa, others in 3 states interdiction operations
  • National News

NDLEA arrests 80-year-old grandpa, others in 3 states interdiction operations

July 19, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Fuel price uncertainty forces marketers to temporarily halt supply — IPMAN Fuel crisis
  • Business & Economy

Fuel price uncertainty forces marketers to temporarily halt supply — IPMAN

July 19, 2026
Oyo mandates birth certificates, NIN for school enrolment — Perm Sec oyo
  • National News

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec

July 19, 2026
NDLEA intercepts Kano-bound tramadol shipments, arrests 80-year-old grandpa
  • Crime and Justice

NDLEA intercepts Kano-bound tramadol shipments, arrests 80-year-old grandpa

July 19, 2026
Troops foil ISWAP mass abduction bid, rescue 46 students in Borno Troops
  • National News

Troops foil ISWAP mass abduction bid, rescue 46 students in Borno

July 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.