Admin l Wednesday, November 22, 2017
ABUJA, Nigeria – President Muhammed Buhari today inaugurated a committee to audit all recovered looted funds from inception of his administration till date.
Members of the committee include Mr Olufemi Lijadu, Mrs Gloria Chinyere Bibigha and Mr Mohammed Nami.
While inaugurating the committee, Buhari said the Federal Government embarked on tracing and recovery of all such stolen assets within and outside Nigeria using all legal and diplomatic resources at our disposal.
He said the decision to inaugurate the Audit Committee on the Recovery and Management of Stolen Assets within and Outside Nigeria today is therefore the next step in ensuring that all returns filed by the various agencies are accurate and consistent with actual recoveries made.
“The Committee, in essence, is therefore expected to judiciously undertake an audit of all recovery accounts established by government agencies from the date of opening such accounts up to 10th April, 2017. The details of the Committee’s functions are as set out in your Terms of Reference.
While congratulating members of the committee, he urged them to perform their duties diligently in the best interests of Nigeria.
” I hereby direct and request all relevant Ministries, Departments and Agencies, Banks, and Companies to give the Committee full cooperation as your assignment is crucial not only to the harvesting of needed resources for our national development but also in setting out a fresh template of public accountability.
” Where it becomes necessary, the Committee will of course rely on existing laws to compel the production of information and will also have the benefit of necessary interventions by the Attorney-General of the Federation and Minister of Justice in obtaining such information through legal processes, where so required.
“The Committee is hereby given a time frame of four weeks to finish this assignment and submit its Report to my office. I look forward to receiving your report and recommendations in due course and I wish you the best of luck in this assignment”, he said.