President Muhammadu Buhari has ordered the Ministry of Information to publish the status of recovered funds and asset looted by corrupt public officials.
He further said the recovered funds would be credited to the national treasury account and would be used in funding developmental projects.
The President disclosed this on Sunday during a nationwide broadcast in marking 2016 democracy day and one year of his administration
Among many other achievements highlighted by Buhari, he said; “We are also engaged in making recoveries of stolen assets some of which are in different jurisdictions.
However, he noted ‘’that the processes of recovery can be tedious and time consuming, but today i can confirm that thus far: significant amount of assets have been recovered’’.
‘’A considerable portion of these are at different stages of recovery.
He said; ‘’Full details of the status and categories of the assets will now be published by the ministry of information and updated periodically. When forfeiture formalities are completed these monies will be credited to the treasury and be openly and transparently used in funding developmental projects and the public will be informed.
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