Buhari - I Must Recover Funds Looted Under Jonathan Administration

Pres Muhammadu Buhari on Tuesday vowed to recover billions of dollars stolen under the administration of his immediate predecessor, Dr. Ebele Goodluck Jonathan.
He said the Jonathan government threw the nation into a financial crisis by throwing all financial and administrative processes in   parastatals and agencies to the dogs. Promising that the era of impunity and financial recklessness was over........

The Buhari Said "next three months may be hard", but billions of dollars can be recovered, and we will do our best,” the Pres said  to journalists after his meeting with the 36 state governors in Abuja yesterday. Buhari regretted that   the impunity, lack of accountability and financial recklessness in the management of national resources by the past administration threw the country into a situation that is worse than what happened in the Second Republic of Shehu Shagari. The President, in the statement by his Special Adviser on Media and Publicity, Femi Adesina, added, “There are financial and administrative instructions in every government parastatal and agency should be strictly adhere to but were relapsed. He said that a comprehensive statement on the economic and financial situation inherited by his administration would be made public within the next coming weeks. We will try and put the system back into the right position. What happened in the 2nd Republic has apparently happened again, and even worse, but we will restore sanity to the system, Buhari assured the governors.

It will be recalled Buhari toppled the Second Republic government of President Shehu Shagari on December 31, 1983 on allegations of corruption and gross mismanagement.The Pres, according to the statement by Adesina,   expressed shock that governors had been tolerating the atrocities allegedly committed in the management of the Excess Crude Account   since 2011. He therefore, promised to tackle the issue decisively. The Pres also declared that the payment of national revenue into any account other than the Federation Account was an abuse of the constitution of Federal Republic of Nigeria .

He said that most of what he heard   going on in many agencies and corporations, particularly the Nigerian National Petroleum Corporation, were clearly  illegal and unacceptable. On the refund of money spent on federal projects by state governments, Buhari assured the governors that the Federal Government would pay, but insisted that due process must be followed to found how much was exactly spent.The President said that special assistance would be given  to the three North-East states badly affected by the Boko Haram insurgency.Please follow this blog for more updates