Home News Why Recovered Looted Funds Cannot Be Made Public Now – Presidency
News

Why Recovered Looted Funds Cannot Be Made Public Now – Presidency

Share
Share

Buhari-Official-New-1-1-1-1-1-1-1-1-1-1-1-1-2-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1

The Presidency says funds recovered from those who looted the nation’s treasury cannot be made public now until they are used as evidence against those the money was recovered from.

Senior Special Assistant to the President on Media and Publicity, Garba Shehu told newsmen on Sunday that although the President has the intention of making the recovery public, it cannot be done now until they have been brought before a judge as evidence against the looters.

He said the money recovered is currently being lodged in an account with the Central Bank of Nigeria, adding that the challenge before the government right now is that the money has to first be presented to the court before being made public.

He said: “the issue of how much has been returned has been there. The money retrieved has to be used as evidence in court. The President said two things; we will recover and we will prosecute. So as it now, you don’t go and bring all these millions returned out.

“I am aware that there is an account with the Central Bank of Nigeria (CBN) where some of these funds are been kept and are evidences for a judge to see. It is not for public display. I think that is the challenge we have at the moment”.

Shehu revealed that the Vice President, Yemi Osinbajo will soon begin a town hall meetings to explain government policies and actions to the people, adding that town hall meetings which will begin at zonal levels will later go down to state levels.

He said: “I know that there is a plan for Professor Osinbajo, the Vice President to start Town Hall meetings in zones and then it would be broken down to the state and so on. Government realises that there is a need to take information to the people and there are steps that are been taken in order to ensure that is done”.

Share
Related News
News

Nigeria’s Hajj Commission Reduces 2026 Pilgrimage Fare, Sets Final Payment Deadline

The National Hajj Commission of Nigeria (NAHCON) has announced a major reduction...

News

Fed Govt To List N1tr Real Estate Fund On NGX To Boost Affordable Housing

The Federal Government will tomorrow list its N1 trillion real estate investment...

News

Zamfara Governor Approves Construction Of New NUJ Secretariat In Gusau

Zamfara State Governor Dauda Lawal has approved the construction of a new...

News

Ned Nwoko Alleges Enemies Exploiting Regina Daniels’ Health To Damage His Reputation

Senator Ned Nwoko, who represents Delta North Senatorial District in Nigeria’s National...