Buhari Orders Sale of Assets Recovered from Corrupt Officials

buhariPresident Muhammadu Buhari
  • Buhari Orders Sale of Assets Recovered from Corrupt Officials

President Muhammadu Buhari has said due to the manner in which previously seized assets were returned back to corrupt officials when the government changes hands, all the assets recovered from corrupt public officials should be sold and the proceeds remitted into government-owned Treasury Single Account (TSA).

“Let’s see who will now take back the money from the treasury, and give back to those people, as was done in the past,” the president Buhari said when he played host to members of the Presidential Advisory Committee Against Corruption (PACAC) at the Presidential Villa, Abuja.

Buhari also said he was working on lowering the cost of governance at the federal level and will shut down all avenues for corruption.

The president, however, warned the committee that they will be alienated by the elite, they “won’t trust you, and you will be alienated, no matter how close you are to them,” the president stated.

Buhari thanked the committee for choosing to be on the part of Nigerians who are yearning for economic growth.

Prof Itse Sagay, Chairman of PACAC, congratulated the president for being a star of anti-corruption and said Nigeria was lucky to have him as the president.

“We congratulate you for being a star of the anti-corruption struggle in Africa.

“You attach a lot of importance to the fight against corruption, and we have tried to achieve the aims you had in mind when you established PACAC,” Prof Sagay added.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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