Anti-graft Agencies Looting Recovered Loot – Saraki

BY SEGUN ADEBAYO, ABUJA – President of the Senate, Dr. Bukola Saraki, on Tuesday disclosed that anti-graft agencies were engaged in looting recovered proceeds of corruption, saying that was the reason some countries lacked confidence in Nigeria’s management of assets recovered from looters.

Speaking at the ‘Strategic Retreat on Tracking the Progress of Anti-Corruption Bills in the National Assembly’ in Abuja, Saraki noted that though the commitment of President Muhammadu Buhari on the fight against corruption was not in doubt, his said, “Nigeria is finding it difficult to convince other nations to return funds looted from our treasury.

“This is because of the other nations’ exasperation over the management of returned assets.

“Only recently, Mr. President inaugurated a committee to audit all assets recovered by various government agencies.

“The National Assembly has been strident about the opacity shrouding the management of recovered funds, which in many cases get re-looted by the agencies that investigated and recovered them.

“An ad hoc committee of the Senate, which is investigating some administrative infractions in the Executive, has discovered that many properties recovered from a fugitive from the law have not been accounted for by the investigating agency.

“This gives the global community great concern about the commitment of Nigeria to the anti-corruption drive.