NIGERIA'S Vice President, Prof. Yemi Osinbajo on Friday, explained reasons why it is difficult for the government to spend monies recovered from corrupt government officials.



He said such proceeds of corruption cannot be utilised unless and until the courts give orders forfeiting those assets.

Osinbajo said this at a media forum organised to discuss President Muhammadu Buhari’s achievements in his first year in office, the government’s vision, agenda and plans.

“The monies are not ‘spendable’ monies until such a time when the court decides. But we intend to be as transparent as possible.”

“We have a line in the budget – N350billion – which we intend will be funded using recovered monies,” the law professor said.

Osinbajo reiterated the commitment of President Muhammadu Buhari’s administration to transparency and accountability, saying the government “intends to run a country where integrity is the rule and corruption is the exception – that is the system we’re prepared to run.”


http://.com/why-buhari-cannot-spend-recovered-looted-funds-vp-osinbajo/

Lalasticlala

Tales by moon light

You people should show us the Money, stop quoting Fantastic Figures, let see the Raw Cash if any.

This government has no plan except to re-loot recovered looted fund.