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

 

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Tags: corruption EFCC Independence Anniversary speech Muhammadu Buhari P&ID arbitral award

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