President Muhammadu Buhari has revealed that some significant amount of assets have already been recovered from looters of public treasury.
President Buhari further said that the Ministry of Information and Culture will make public the funds and assets recovered as well as provide periodic updates.
The President, in his Democracy Day broadcast, said the recovered assets will be put back into the national treasury.
Several past government officials are currently standing trial for corruption and other economic crimes committed during the last administration of Dr. Goodluck Jonathan.
President Buhari said: “We are engaged in making recoveries of stolen assets some of which are in different jurisdictions. The processes of recovery can be tedious and time consuming, but today I can confirm that thus far, significant amount of assets have been recovered.
“A considerable portion of these are at different stages of recovery. Full details of the status and categories of the assets will now be published by the Ministry of Information and updated periodically.”
“When forfeiture formalities are completed these monies will be credited to the treasury and be openly and transparently used in funding developmental projects and the public will be informed,” he added.
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