N3.4tn Recovered Funds Is A Tip Of The Iceberg – Minister

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Minister of information, Alhaji Lai Muhammad

The Minister of Information and Culture, Alhaji Lai Mohammed, on Tuesday said that the N3.4 trillion recovered within one year of the Muhammadu Buhari-led administration was just a tip of the iceberg.

The minister’s statement suggested that more loots recovery would be announced in due course.

The minister also said Nigerians expect the All Progressives Congress (APC) government to swiftly address the myriads of problems bedeviling the country because he said too much during the campaigns.

Muhammed was the National Publicity Secretary of the APC until his appointment.

“As you all know, last Saturday we released the interim report on financial and assets recoveries, which showed, among others, that the federal government made cash recoveries totaling N78,325,354,631.82; $185,119,584.61; 3,508,355.46 Pounds Sterling and 11,250 Euros from 29 May 2015 to 25 May 2016. I can tell you that this is just a tip of the iceberg as far as financial and assets recoveries are concerned,” he said.

According to the minister: “It was corruption that ensured that while oil was selling for over 100 dollars per barrel, the country had nothing to show for the windfall; it was because of corruption that even though the national budget has increased from less than a trillion in 1999 to over six trillion in 2016, poverty has grown almost at the same rate that the budget has increased; It was corruption that gave Nigerians darkness, instead of light, while successive governments pumped millions of dollars into the power sector.”

Mohammed stated these while speaking at the inaugural Buharimeter town hall meeting organised by the Center for Democracy and Development in partnership with Department for International Development (DFID) and Open Society Initiative for West Africa (OSIWA).

The programme is anchored by five ministers including the Minister for Power, Works and Housing, Babatunde Raji Fashola, Minister of Environment, Amina Mohammed, Minister for Budget and National Planning, Senator Udoma Udo Udoma, and the Minister of Agriculture and Rural Development, Chief Audu Ogbeh.

Mohammed who admitted that the APC administration had not met all its targets in the last one year, assured that the government was on track and would not lose focus on its campaign promises.

He noted that the APC anchored its campaign promises on three broad areas of corruption, security and the quest to revamp the country’s economy.

Source: Today

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