Looters Have Started Returning Stolen Money- Buhari

President Muhammadu Buhari during his working visit in Iran has disclosed that some treasury looters have commenced returning stolen money voluntarily.

Meanwhile, the president stated that he was not pleased yet as his administration would stop at nothing to confirm all stolen funds and not a fraction was returned.

The president revealed this during a communicating session he had with members of the Nigerian community living in Iran.

The Nigerian leader didn’t list the names of the former government officials who have so far returned parts of stolen assets.

Buhari also did not reveal how much had so far been returned to Nigeria’s treasury.
The president stated that unlike what was appropriate in 1985 when he was a military head of state that suspects could be imprisoned while being probed, democracy and rule of law do not encourage that.

He said: “ On corruption; yes, they (the past government officials) are still innocent.
“But, we are collecting documents and some of them have started voluntarily returning something. But we want all.
“When we get those documents, we will formally charge them to court and then we will tell Nigerians to know those who abused trust when they are entrusted with public funds.
“So, the day of reckoning is gradually approaching.”

President Buhari also pledged to deal conclusively with saboteurs who are destroying pipelines and stealing crude oil.
“I believe if you are in touch back at home, you would have been told that already there is some improvement in power,” he noted.
“ We haven’t said anything to them yet. I think they only find it sensible or appropriate for them to try and improve the power.

“I’m sure you know about the privatisation of the power sector; your old friends NEPA or Power Holding Company of Nigeria have been sold to a number of interest groups.
“Those who normally steal Nigerian crude and those who blow up installations, whether they call themselves militants or whatever, they are still there,” he said.

Nigeria and other GECF members now account for 42 % of global gas production, 70 % of global gas reserves, 40 % of pipeline transmission of gas and 65 % of the global trade in Liquefied Natural Gas.