We have recovered billions of Naira from looters – Buhari

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Opposition presidential candidate Muhammadu Buhari, of the All Progressives Congress (APC), speaks during the Nigeria Labour Congress in Abuja, February 9, 2015. Nigeria's agreement to delay this week's election on the advice of security forces creates a worrying echo for some of the annulment of 1993's democratic vote by a military government. REUTERS/Afolabi Sotunde (NIGERIA - Tags: ELECTIONS POLITICS) - RTR4OVWV

ABUJA, AUGUST 6, 2016 – President Muhammadu Buhari has once again disclosed that his administration has been able to recover billions of naira from those who looted the nation’s coffers.

The president stated this at the graduation ceremony of course 24 participants of the National Defence College Abuja on Friday.

Buhari added that through the implementation and enforcement of the Treasury Single Account (TSA) the nation has been able to save a lot of money that would otherwise have been siphoned by unscrupulous individuals.

”As part of efforts to address the problem of corruption, we have set in motion legal processes to recover whatever we can and bring to justice those who betrayed their trust. Thus far, we have been able to recover billions of naira from indicted companies and individuals. In addition, through the implementation and enforcement of the Treasury Single Account, we have been able to save more for our nation,” he stated.

He told the graduands that international confidence the country and its future was returning ”because of how we are slowly finding ways to solve our problems.

”The nation is beginning to have faith in the ability of our society’s institutional capacity to tackle our problems. But we must work doubly hard to restore our nation to higher glory. The Nigerian Armed Forces have proven to be equal to the task of maintaining our internal and external security.

”You will all recall that on being sworn into office on 29 May 2015, I outlined certain core areas of our national life that require immediate intervention, some of which I would like to reiterate here today. First, we should seek to secure the country, improve the economy and fight corruption. As it is, this is our unfinished business from the past and dates back to the creation of our republic, yet to this day, corruption and poverty remain our main national problems.

”Furthermore, in our fight to end poverty in Nigeria, we have set up social interventions and reliefs for the poor, and already, data is being collated by the Economic Planning Office of the Vice President in conjunction with the World Bank. In addition, through our 2016 budget, we intend to stimulate the economy, making it more competitive by focusing on infrastructural development; delivering inclusive growth; and prioritizing the welfare of Nigerians. We believe that this budget, while helping industry, commerce and investment to pick up, will as a matter of urgency, address the immediate problems of youth unemployment and the terrible living conditions of the very poor and vulnerable Nigerians.

”We therefore reckon that to tap our vast opportunities we need a philosophy of transparency and accountability in governance. The other core areas that we need to improve are the rule of law and moral standards in government and in society in order to provide a good foundation for good governance so that our gains are not dissipated by corruption. Good governance must be based on a sound moral foundation, a philosophy of transparency, accountability and an ethic of effective implementation. Already, our unrelenting fight against criminality and corruption in governance is a clear testament that we intend to address these problems.

”Let me assure you all that this Administration is committed to bequeathing to this nation, a new orientation in leadership that will be service-driven and committed to the realization of its promises to the electorates. We are however not under any illusions that this task is an easy one. But we have put our trust in God knowing that with hard work and sound vision, we will triumph,” he added.

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