Skip to main content

Here is how the President says recovered stolen funds are being spent .

President Muhammadu Buhari has said that part of the funds stolen from the treasury, which was recovered, is being used to finance the 2017 budget.

The President, who was represented by the Accountant General of the Federation, Alhaji Idris Ahmed, disclosed this in Abuja on Tuesday, October 10, at the 22nd Annual Conference of the Association of National Accountants of Nigeria (ANAN).
Many Nigerians have been asking questions regarding the whereabouts of the stolen funds recovered by the Economic and Financial Crimes Commission (EFCC).Some believe the funds may be 'relooted' while others demanded that the government be transparent with how the money is being spent.Buhari, "My administration has practically done much in delivering on its core focus of diversifying the economy. Part of the stolen funds recovered is being used by the government to finance the 2017 budget.
"Power generation peaked at an all-time high of 7,001 megawatts in the third quarter of 2017."
The President added that the goal of his administration is to produce 10,000MW of electricity by the year 2020.

Comments

Post a Comment

Popular posts from this blog

Money Doublers Two men paraded in Kwara for attempting to dupe woman of N700,000

The suspects were apprehended after the victim raised an alarm concerning the fake promise. They were about to collect an additional sum of N500,000 from the woman. The Nigerian Security and Civil Defence Corps (NSCDC), have paraded two fraudsters in Kwara State, for attempting to dupe a businesswoman of the sum of N700,000. According to the  Daily Post , the suspects promised to double the money for the woman using a chemical. Pedro Awili , the state commandant of the NSCDC, said that the men first approached the woman telling her that they needed N100,000 to buy the chemical. ALSO READ: Three young Nigerians set to receive honours Following this, it was reported that they returned to collect a N500,000 balance for the job. It was at this point that the woman reported them to security operatives who arrested them. Awili said,  “This led to the arrest of the two men who gave fake names and states of origin to the woman,” the Commandant added, noting that the two ...
Post a Comment
Read more

“The whole nation has failed these children,” Tunde Bakare says

Bakare spoke on Sunday, April 10, 2016, during a special sit-out of the Bring Back Our Girls group in Abuja. he Senior Pastor of the Latter Rain Gospel Assembly, Pastor Tunde Bakare has lamented the continuous captivity of the over 200 Chibok Girls who were abducted on April 14, 2014. Bakare spoke on Sunday, April 10, 2016, during a special sit-out of the Bring Back Our Girls group in Abuja, Vanguard reports. “The whole nation has failed these children. Parents, families and friends of our dear daughters, I am here today not just to speak to you, but to speak to the nation and to the world as one of you," he said. “I'm here as a father burdened by the captivity of our daughters, and I am here as a friend. I am here to express our frustrations and to speak of our undying hope as we wait expectantly for the return of our dear Chibok girls. “We are not unmindful that the Nigerian state failed to provide security for our daughters as they gathered to write ...
Post a Comment
Read more

Patience Jonathan was arrogant as first lady –Ex-US ambassador

A former United States Ambassador to Nigeria, John Campbell, has described former President Goodluck Jonathan’s wife, Patience, as being arrogant and flamboyant when she was Nigeria’s first lady. In a piece he wrote on Friday, ‘Nigerian President Buhari’s Sisyphean Efforts’, and posted on Council on Foreign Relations’ website, Campbell also wondered how Jonathan’s wife became wealthy having spent most of her life as a civil servant The ex-US envoy stated, “Patience Jonathan as the first lady was flamboyant, arrogant, and widely disliked. She has yet to be convicted of a crime. However, it is curious how a person who spent most of her career in public service could accumulate an acknowledged $35 million in a poor country.” The Economic and Financial Crimes Commission is currently investigating Jonathan’s wife and has frozen four bank accounts belonging to her, while some property belonging to her have been seized. Among other actions taken by the EFCC was the freezing of Jonat...
Post a Comment
Read more