By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Recovered Loots Will Be Published Latest Thursday – Presidency
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Recovered Loots Will Be Published Latest Thursday – Presidency

Farouk Mohammed
By Farouk Mohammed
Published: May 30, 2016
Share
4 Min Read
SHARE

Garba-Shehu_2

The Presidency says President Muhammadu Buhari has not rescinded his decision to publish the amounts that have been recovered by his administration from those who had allegedly looted the nation’s treasury.

The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said this on Channels Television’s Sunrise Daily on Monday, May 30, a day after Nigeria marked its Democracy Day.

The conversation, ‘Assessing Buhari’s One Year In Office’ saw the President’s spokesman addressing several controversies generated by the President’s national broadcast on Sunday.

- Advertisement -

The President’s Democracy Day speech had been widely criticised because it failed to address the promise to publish the amounts of funds that have been recovered and from whom they were recovered since the anti-corruption campaign started.

The President had promised that the information would made public when his administration clocks one year but Mr Shehu said that “the President did not at any time say he was going to name names”.

Mr Shehu expressed surprise that the issue had generated so much negative reactions from Nigerians, explaining that the President did not cancel his decision to announce the seizures that have been made.

“What he (President) said was that the Minister of Information will be making a pronouncement on this and this is going to happen when work resumes from Tuesday.

- Advertisement -

“This is likely going to be out by Wednesday, or latest by Thursday. So nothing has changed from the position that there will be disclosure.

“The President has given authorisation that these assets that have been taken back from those who took from the treasury be put out there. So my view is that nothing is lost.”

Mr Shehu said that the directive by President is that “money on account” in the CBN should be disclosed. He explained that there were also many accounts that have been frozen by investigating agencies.

He named the Police, EFCC, ICPC and the Office of the National Security Adviser among those handling the matter, so the Presidency expects “that there will be a snapshot of where they stand with the ongoing investigation and the recoveries when that disclosure is made”.

Mr Shehu disagreed with the view by some Nigerians that the Buhari administration had lost one year, as it has failed to achieve some of what it promised to achieve in the first year.

“The President had focus, he knew what to do from the beginning. He identified the problems of this country, putting the security of the country on top of the heap.

“He said repeatedly, ‘this country must be secured, there must be peace in this country for you to develop and manage it very well’.

“And I think that he has done for this country what others had failed to do for four to five years in which they had allowed problems like Boko Haram to fester.

“A street protest in Maiduguri had grown into a city-wide phenomenon, problem for neighbouring states and all of the Lake Chad, in fact a global phenomenon with the linkage to ISIS.

“President Buhari within one year is about to bring Boko Haram to a closure. This is massive,” he said.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:PresidencyRecovered Loots
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Soldiers Invade Tompolo’s Community In Search Of Niger Delta Avengers
Next Article ”Dear Presido” – Charly Boy Writes Another Open Letter to President Buhari

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?