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Why recovered fund cannot be made public now – Presidency



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”.
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5 comments

  1. story story STORY

    ReplyDelete
  2. So that de Loots can be Looted and the Crumps told to Nigerians God is Watching U

    ReplyDelete
    Replies
    1. Oh My GOD!! Don't u understand?? They've gotten money back from some people and follow due process by taken them to Court of Law and Charge them, then their names will be mention so that we wouldn't be sayin He's usin Military method to Govern Us.

      Delete
  3. Because there is lack of transparency. Apc members are not the Saints they claim to be afterall
    They must first clear the air on forex saga. Thank God anyday another government comes to power after the 2019 Elections all those involved will join Dasuki to explain and by that time it will be made public.

    ReplyDelete
  4. We will continue to have patience. After all a patience dog eat big bones

    ReplyDelete

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