President Muhammadu Buhari Tuesday in the United States vowed that his administration would trace the accounts of individuals who stashed away ill-gotten oil money, freeze and recover the loot and prosecute the culprits.
by Garba Shehu Jul 22, 2015.

President Muhammadu Buhari Tuesday in the United States vowed that his administration would trace the accounts of individuals who stashed away ill-gotten oil money, freeze and recover the loot and prosecute the culprits.

Reacting to questions from members of Nigerians In Diaspora Organization (NIDO) in the United States and Canada at the Nigerian Embassy in Washington DC on the third day of his visit, the President lamented that “Corruption in Nigeria has virtually developed into a culture where honest people are abused.”

According to him, “250,000 barrels per day of Nigerian crude are being stolen and people sell and put the money into individual accounts,” adding that the United States and other developed countries “are helping us to trace such accounts now.

We will ask that such accounts be frozen and prosecute the persons. The amount involved is mind-boggling. Some former ministers were selling about one million barrels per day. I assure you that we will trace and repatriate such money and use the documents to prosecute them. A lot of damage has been done to the integrity of Nigeria with individuals and institutions already compromised.”

Citing the example of the Nigerian National Petroleum Corporation (NNPC), President Buhari said unlike what obtained during his tenure as Federal Commissioner for Petroleum under military regime when the NNPC had only two traceable accounts before paying oil proceeds into the Central Bank of Nigeria (CBN), “now everybody is doing anyhow.”

The President, who expressed skepticism on the existence of oil subsidy, said if subsidy was removed, transport, housing and food prices would go out of control and the average worker would suffer untold hardship.

While agreeing that the “economy is in an extremely bad shape,” following 16 years of bad government by the Peoples Democratic Party (PDP) which ran down the oil refineries and had the “treasury in their pockets,” he said the All Progressives Congress (APC)-led administration would fulfill its three-pronged campaign manifesto of providing security, turning around the economy with a major focus on youth employment and fighting corruption. According to him, agriculture and mining would receive priority attention as faster job-creation avenues for the teeming unemployed youth, adding that some foreign investors had agreed to take advantage of the immense business opportunities in Nigeria.

President Jonathan when asked if the Federal Government (FG) would agree to negotiate with the Boko Haram insurgent and terrorist organization to pave way for the release of the abducted Chibok schoolgirls, replied that the FG would only negotiate if genuine and confirmed leaders of the militant sect came forward and convinced the FG of the current conditions of the girls, their location and the sect’s willingness to negotiate. “Our objective is that we want the girls back, alive and returned to their families and rehabilitated. We are working with neighboring countries if they will help,” he said.


On when he would form his cabinet, the President, who observed jokingly that the question was chasing him around the world even to the point that at home he had been nicknamed, “Baba Go Slow!”, noted that not even the PDP during all the years it ruled the country ever never formed a cabinet within the first four months. “I am going to go slow and steady,” he assured, as he called for patience to allow the new administration “put some sense into governance and deal with corruption.”


President Buhari promised that his administration would at the right time tap into the enormous talents available amongst members of NIDO especially as consultants while their requests for voting right in 2019, a Diaspora Commission and opening of new consulates in parts of the United States and Canada would be looked into.


The President had earlier met at the same venue with a group of young professionals in the United States and assured them of his government’s resolve to fight corruption, remain steadfast and invest heavily in education which he said was the answer to taking the youth out of poverty and ignorance. The youth in their huge numbers took turns to express their best wishes for the President and the country.

GARBA SHEHU

Senior Special Assistant to the President

(Media & Publicity)

July 22, 2015


http://saharareporters.com/2015/07/22/%E2%80%9Csome-former-ministers-were-selling-about-one-million-barrels-stolen-crude-day%E2%80%9D-president

Ahhhh.

Good but Don't come back home and tell us that was not what u said

H

Wow!

Why do i feel that's an exaggeration...

Dats not my businex

make una help me ask dibu odjerinde his problems

Buhari talker!!!
I hail u o.
So u go to report naija former ministers to Obama. .
Interesting.

sahara reporters?

Please what is the source of these numbers being paraded by a supposed president?

Is this not the same man we've been told to be patient with that he was still studying the hand-over note?

Without any minister, no cabinet member.... Buhari single handedly without any help traced and calculated 1 million barrels being sold per day by the so-called ex-minister?

With the way Buhari talks and throws numbers around, investors are very wary and Key nationhood stakeholders are increasingly worried.

What if Buhari cannot increase our crude sales by 1million barrels per day in the coming months, can we assume he has cornered and sold the rest for himself? Or he will be back to tell us his numbers were wrong?

There are things a president should not do, even ministers dont brandish numbers around loosely.

1m barrels/day , God is watching them

Oh my God!
At average of $100/barrel then,it meant some rogue ministers were making about $100m (N20billion) in a single fraudulent deal!!
Yet some claimed we had a president?
The mental state of any so called president that allowed such mindbogglingly theft should be evaluated.

doctokwus:
Oh my God!
At average of $100/barrel then,it meant some rogue ministers were making about $100m (N20billion) in a single fraudulent deal!
Yet some claimed we had a president?
The mental state of any so called president that allowed such mindbogglingly theft should be evaluated.

A fact undisputed.

Chai!
This is how it would have been had it been PDP still remains in power.
Thank God we voted for change.

Mujahedeen Asari Dokubo, Tompolo, Boyloaf and any individual find guilty of such unholy and ungodly act should be sent to life imprisonment with hard labour.

1 million barrels of stolen oil per day
U must be kidding me...
they deserve to be stoned

shamsuRana:

A fact undisputed.

Undisputed fact indeed.
That has been the order of the day in the former government but not any more.

Mttcheeew
Talk talk talk

IdisuleOurOwn:
Chai!
This is how it would have been had it been PDP still remains in power.
Thank God we voted for change.

Mujahedeen Asari Dokubo, Tompolo, Boyloaf and any individual find guilty of such unholy and ungodly act should be sent to life imprisonment with hard labour.

Is it Cocoa money they took.?

Flets:
Please what is the source of these numbers being paraded by a supposed president?

Is this not the same man we've been told to be patient with that he was still studying the hand-over note?

Without any minister, no cabinet member.... Buhari single handedly without any help traced and calculated 1 million barrels being sold per day by the so-called ex-minister?

With the way Buhari talks and throws numbers around, investors are very wary and Key nationhood stakeholders are increasingly worried.

What if Buhari cannot increase our crude sales by 1million barrels per day in the coming months, can we assume he has cornered and sold the rest for himself? Or he will be back to tell us his numbers were wrong?

There are things a president should not do, even ministers dont brandish numbers around loosely.

Wailing wailer on the loose.
What are you saying? What are the duties of perm Secretary? Is it to sit and receive fresh air in the office?

I guess the reason why you are so pained and bitter whenever Buhari talks anything about corruption and fighting it, is that you were of a beneficiary of this evil deeds.
Now that the awof money is no more coming, you are bittered.

If you like kill yourself or better still use the lagoon.

WhiteTechnology:




Is it Cocoa money they took.?

No. Na cashew, cola, orkpa and coconut money.

List them abeg.

No committe report, no panel of inquiry, no probe panel, no international report, no document to proof.

Diaris God oo o! This figures the you are sharing among ministers, there is God o!!
If the news is true, then PMB was only appealing to Obama's sentiment in a bias way.

Hmm