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PMB Recovers N769b From Asset And Fund Recovery Audit. - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / PMB Recovers N769b From Asset And Fund Recovery Audit. (10584 Views)

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Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Buterflyle0: 6:34pm On Sep 12, 2018
FarahAideed:


God forbid your ill wish for me ..

Why are you saying God forbid grin

You said 6 people are impoverished every minute as if one ghost enters into their bank accounts and drains it.

So why shouldn't you be among the next batch of 6 per minute and be able to use yourself as evidence to your claim

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by FarahAideed: 6:39pm On Sep 12, 2018
Buterflyle0:


Why are you saying God forbid grin

You said 6 people are impoverished every minute as if one ghost enters into their bank accounts and drains it.

So why shouldn't you be among the next batch of 6 per minute and be able to use yourself as evidence to tour claim

Butterfly I don't have time for your mind games today ..Since you have chosen the path of dishonor I wish you well but we patriots must ensure that man is sent back to Daura In Gods name
Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Tolahinges: 6:41pm On Sep 12, 2018
The last government rule of 4years cant be comepared to Buhari rule because economy wise we have been growing steadyly and rapidly, investors are more confident to invest in Nigeria and the interest rate right now in the capital market is massive. Greater heights and continuity we prady now #PMB2019
Buterflyle0:
By Johnbosco Agbakwuru
ABUJA – PRESIDENT Muhammadu Buhari Tuesday appealed to the National Assembly to hasten the passage of the Proceeds of Crime Bill before it in order to strengthen his anti-corruption war in the country.

This is as the President has vowed to make optimal use of proceeds of recovered loots to address the economic and social problems and has promised to block loopholes for stealing public funds.
The President made the appeal when he received report of the committee on the Audit of Recovered Public Assets which he set up last year to carry out a comprehensive audit of assets and funds recovered by Ministries, Departments and Agencies between 29th May 2015 and 22nd November 2017.

The three-member Committee which said it had recovered N769 billion is chaired by Olufemi Lijadu, an accountant from the Auditor General of the Federation office, Mohammed Nami, and Gloria Chinyere Bibogha.

Pointing out that assets recovery is an integral part of the war against corruption, the President said the committee was empanelled not only to reconcile different figures released as recovered loot since 2015, but to also evolve a proper management, transparency and accountability culture in the management of recovered assets

According to him: “Our asset recovery and management system will in future be transparently, effectively and efficiently managed, and we will set out a fresh template of public accountability in the country.

“However, a key tool that will revolutionize our asset recovery and management architecture is the Proceeds of Crimes Bill which is currently awaiting passage by the National Assembly.

“Once the Bill is passed and assented, many of the challenges facing our asset recovery and management practice will be adequately taken care of as the Bill addresses most of the challenges facing effective asset recovery and management in Nigeria. I therefore encourage the National Assembly to take necessary steps to pass the Bill.”

He promised that proceeds of assets recoveries would be optimally used to address economic and social problems, while loopholes for stealing public funds must be blocked; even as he assured Nigerians that the findings and recommendations of the Committee would be carefully examined and given due consideration with a view to implementing the recommendations.

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, who stressed that the committee’s work was intended to avoid a re-looting of the recovered assets, proposed that projects funded by recovered loot should henceforth be appropriately captured in national budgets.

Giving a mini breakdown of the recovered assets, Malami said: “The federal government recovered N13.8 billion from tax evaders in May 2018.

“In May 2018, government paid N439.2million to about 14 whistle blowers who gave specific information on tax evasion.

“Again, N3.8 million, $378million US dollars 27,800 pounds was equally recovered from public officials.

“In summary, the recovered funds by the three-man committee is N769 billion naira cash, recovered within the period under review.”

Chairman of the Committee, Lijadu, in his brief remarks, disclosed that it was complied in four volumes even as he appealed to government to always deploy recovered assets properly.

Lijadu said, “The government agencies covered by the audit are the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices Commission (ICPC) Nigeria Police Force, Pension Transitional Arrangement Department, PTAD, Federal Ministry of Finance, Ministry of Justice, Office of the National Security Adviser, ONSA, and Department of State Security, DSS.

“The Committee obtained access to records including bank statements and other information from government agencies, banks and other organizations regarding recovered cash and non cash public assets. The Committee as required by its Terms of Reference, reviewed and attempted to reconcile the recovered assets as declared by agencies with the actual recoveries made.”


https://www.vanguardngr.com/2018/09/buhari-begs-nass-to-pass-proceeds-of-crime-bill-recovers-n769bn-stolen-assets/amp/

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Buterflyle0: 6:42pm On Sep 12, 2018
FarahAideed:


Butterfly I don't have time for your mind games today ..Since you have chosen the path of dishonor I wish you well but we patriots must ensure that man is sent back to Daura In Gods name

Say in Jesus name you this dastardly fiendish fellow. I have told you God does not honour the prayers of people who support thieves and liars and fraudsters.

You are well on the path to destruction.

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Buterflyle0: 6:43pm On Sep 12, 2018
Tolahinges:
The last government rule of 4years cant be comepared to Buhari rule because economy wise we have been growing steadyly and rapidly, investors are more confident to invest in Nigeria and the interest rate right now in the capital market is massive. Greater heights and continuity we prady now #PMB2019

Loud it my brother. Truth never hides. It may be slow but it always catches up to the lies and overtakes them.

Shame on all Buhari haters

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by atobs4real(m): 6:45pm On Sep 12, 2018
StillX10:
Gosh!! and he is still borrowing
He is borrowing because you are a lazy youth.

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by henrysam(m): 6:46pm On Sep 12, 2018
denko:
Gullible You recover and borrow cant you think
Why you Dey talk like this. Do you expect zombie to think like normal human being

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Seetto: 6:48pm On Sep 12, 2018
denko:
Gullible You recover and borrow cant you think
What is wrong with borrowing, USA self na they hold debt.

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by victordaimond: 6:49pm On Sep 12, 2018
Tolahinges:
The last government rule of 4years cant be comepared to Buhari rule because economy wise we have been growing steadyly and rapidly, investors are more confident to invest in Nigeria and the interest rate right now in the capital market is massive. Greater heights and continuity we prady now #PMB2019
please stop lieing to your teeth.give me just two things this government have achieved.....people are dieing of hunger everyday...

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by BigGuyMan01: 6:50pm On Sep 12, 2018
Sermwell:

I need that phone urgently for a kid sister. plz tell me the last price.
How much can you afford bro?
Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Megaideas(f): 6:50pm On Sep 12, 2018
STOP TELLING US THOSE COCK AND BULL STORIES. THE MORE YOU CLAIM TO RECOVER MONEY, THE MORE PEOPLE BECOME IMPOVERISHED. GOD WILL JUDGE ALL OF YOU.

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by FarahAideed: 6:51pm On Sep 12, 2018
Buterflyle0:


Say in Jesus name you this dastardly fiendish fellow. I have told you God does not honour the prayers of people who support thieves and liars and fraudsters.

You are well on the path to destruction.

You that will see black and call it white because of your selfish ulterior motive has the audacity to call someone a thief ... Butterfly your trail on Nairaland is littered with your brazen dishonest if you don't know ... Can you name one genuine reason outside selfishness why you are supporting Buhari still? Would you support a a southerner who did half the things the bad things Buhari has done?

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by mosesjida(m): 6:53pm On Sep 12, 2018
and we still in debts...pls wat is d effect on us...I pity d next government.....dey go pay debt ehn

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by BunmiSkye: 6:59pm On Sep 12, 2018
to hasten the passage of the Proceeds of Crime Bill before it in order to strengthen his anti-corruption war in the country. The NASS has indeed sabotage the effort of the executive in the fight against corruption, Nobody is even talking about the special court for Anti- Corruption any more because the Bill did not even scale first reading...Kudos to PMB for the loot recovery, if other successive government have engage in such campaign against corruption by now, Nigeria will have achieve a reasonable position on the fight against corruption...

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by RevenGeMission: 6:59pm On Sep 12, 2018
StillX10:
Gosh!! and he is still borrowing

It's like you people forget brain signal when you want to comment, if he could spend that money why is Buhari appealing to NASS to approve the bill that allows him to spend the money on Nigerians?

Furthermore you have been shouting how much have they recovered up and down for the past 3 years that ~800B was recovered from a few people, that should give you headache, rile you up against thieves of destiny instead of you trying to find fault in Buhari


Use of brain is free, try and use it often

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Caleboha(m): 7:04pm On Sep 12, 2018
Yet he begging China for loan! undecided

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by positivethought: 7:15pm On Sep 12, 2018
Buterflyle0:
By Johnbosco Agbakwuru
ABUJA – PRESIDENT Muhammadu Buhari Tuesday appealed to the National Assembly to hasten the passage of the Proceeds of Crime Bill before it in order to strengthen his anti-corruption war in the country.

This is as the President has vowed to make optimal use of proceeds of recovered loots to address the economic and social problems and has promised to block loopholes for stealing public funds.
The President made the appeal when he received report of the committee on the Audit of Recovered Public Assets which he set up last year to carry out a comprehensive audit of assets and funds recovered by Ministries, Departments and Agencies between 29th May 2015 and 22nd November 2017.

The three-member Committee which said it had recovered N769 billion is chaired by Olufemi Lijadu, an accountant from the Auditor General of the Federation office, Mohammed Nami, and Gloria Chinyere Bibogha.

Pointing out that assets recovery is an integral part of the war against corruption, the President said the committee was empanelled not only to reconcile different figures released as recovered loot since 2015, but to also evolve a proper management, transparency and accountability culture in the management of recovered assets

According to him: “Our asset recovery and management system will in future be transparently, effectively and efficiently managed, and we will set out a fresh template of public accountability in the country.

“However, a key tool that will revolutionize our asset recovery and management architecture is the Proceeds of Crimes Bill which is currently awaiting passage by the National Assembly.

“Once the Bill is passed and assented, many of the challenges facing our asset recovery and management practice will be adequately taken care of as the Bill addresses most of the challenges facing effective asset recovery and management in Nigeria. I therefore encourage the National Assembly to take necessary steps to pass the Bill.”

He promised that proceeds of assets recoveries would be optimally used to address economic and social problems, while loopholes for stealing public funds must be blocked; even as he assured Nigerians that the findings and recommendations of the Committee would be carefully examined and given due consideration with a view to implementing the recommendations.

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, who stressed that the committee’s work was intended to avoid a re-looting of the recovered assets, proposed that projects funded by recovered loot should henceforth be appropriately captured in national budgets.

Giving a mini breakdown of the recovered assets, Malami said: “The federal government recovered N13.8 billion from tax evaders in May 2018.

“In May 2018, government paid N439.2million to about 14 whistle blowers who gave specific information on tax evasion.

“Again, N3.8 million, $378million US dollars 27,800 pounds was equally recovered from public officials.

“In summary, the recovered funds by the three-man committee is N769 billion naira cash, recovered within the period under review.”

Chairman of the Committee, Lijadu, in his brief remarks, disclosed that it was complied in four volumes even as he appealed to government to always deploy recovered assets properly.

Lijadu said, “The government agencies covered by the audit are the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices Commission (ICPC) Nigeria Police Force, Pension Transitional Arrangement Department, PTAD, Federal Ministry of Finance, Ministry of Justice, Office of the National Security Adviser, ONSA, and Department of State Security, DSS.

“The Committee obtained access to records including bank statements and other information from government agencies, banks and other organizations regarding recovered cash and non cash public assets. The Committee as required by its Terms of Reference, reviewed and attempted to reconcile the recovered assets as declared by agencies with the actual recoveries made.”


https://www.vanguardngr.com/2018/09/buhari-begs-nass-to-pass-proceeds-of-crime-bill-recovers-n769bn-stolen-assets/amp/

A bag of garbage, if at all any money is recovered it should go to the federation account in CBN to be shared among the tiers of government, the federal executive council can also meet to decide what should be done with any recovered assets, all this talk of a bill been passed before the so call recovery can be use is just pure deception n propaganda, tomorrow when APC/buhari are ask to be specific about the so call recovery they will tell you it is still a subject of judicial litigations but now they are shouting about some imaginary huge recoveries yet they keep borrowing everyday what an irony!

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Buterflyle0: 7:17pm On Sep 12, 2018
positivethought:
A bag of garbage, if at all any money is recovered it should go to the federation account in CBN to be shared among the tiers of government, the federal executive council can also meet to decide what should be done with any recovered assets, all this talk of a bill been passed before the so call recovery can be use is just pure deception n propaganda, tomorrow when APC/buhari are ask to be specific about the so call recovery they will tell you it is still a subject of judicial litigations but now they are shouting about some imaginary huge recoveries yet they keep borrowing everyday what an irony!

You are all manners of an economic illiterate.

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by positivethought: 7:19pm On Sep 12, 2018
Buterflyle0:

You are all manners of an economic illiterate.
Thanks, enlighten me pls.

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by fasterwell(m): 7:21pm On Sep 12, 2018
denko:
Gullible You recover and borrow cant you think

U are the one who has refused to think.

Did u read the post?

Didn't u read where the president is appealing to the NASS to pass the bill on using the funds?

Buhari wants the funds to be used according to specific laws to make they are not relooted.

Or are using expecting him to start using the funds without authorization so u can see something to accuse him of?

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by es144000: 7:30pm On Sep 12, 2018
propaganda government

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by victordaimond: 7:34pm On Sep 12, 2018
Buterflyle0:

You are all manners of an economic illiterate.
no,you are the illiterate sai barbarian here

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by kitaatita: 7:39pm On Sep 12, 2018
Some Nigerians are worse than lunatics. They roam in Nairaland. Instead of blaming the looters, they are attacking PMB for recovering over 700 billion dollars.

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Bitterleafsoup: 7:40pm On Sep 12, 2018
Buterflyle0:


Yes because we need all the monies we can get now due to the massive infrastructural drive this government is on and also due to the "about" 1000 abandoned projects the previous governments left for this administration.
please create a thread with the 1000 abandoned projects being worked on kiss

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Bitterleafsoup: 7:40pm On Sep 12, 2018
kitaatita:
Some Nigerians are worse than lunatics. They roam in Nairaland. Instead of blaming the looters, they are attacking PMB for recovering over 700 billion dollars.
Where is the money for 2 years they have this money somewhere

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Buterflyle0: 7:47pm On Sep 12, 2018
victordaimond:
no,you are the illiterate sai barbarian here

Even your comment here shows you cannot even see your levels of economic illiteracy

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Easy1401(m): 7:55pm On Sep 12, 2018
Abeg stop lying to us joor if you have N769 bn in your Kitty you won't go to China and borrowed $328 million okuro oshi shocked shocked

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Easy1401(m): 7:55pm On Sep 12, 2018
Abeg stop lying to us joor if you have N769 bn in your Kitty you won't go to China and borrowed $328 million okuro oshi shocked

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by Buterflyle0: 7:56pm On Sep 12, 2018
Easy1401:
Abeg stop lying to us joor if you have N769 bn in your Kitty you won't go to China and borrowed $328 million okuro oshi shocked shocked

Convert 769 billion naira to dollars and see how silly your comment suddenly looks.

Plus , ask yourself when this was recovered?

The OP says FUNDS AND ASSETS AUDIT.

Is an Asset liquid cash?

1 Like 1 Share

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by GavelSlam: 8:08pm On Sep 12, 2018
Easy1401:
Abeg stop lying to us joor if you have N769 bn in your Kitty you won't go to China and borrowed $328 million okuro oshi shocked

The way many of you comment on Nairaland it is easy to know those that actually paid attention in class, those that studied and those that are simply ignorant.

You know where you stand.
Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by isaacojih: 8:17pm On Sep 12, 2018
PMB is supposed to be jailed for life, he has recovered huge amount of money but he still go around other countries borrowing, adding more debt, were is the money he recovered, he has not explain what he used the money for, all what we always hear is that he recovered money.

1 Like

Re: PMB Recovers N769b From Asset And Fund Recovery Audit. by kitaatita: 8:18pm On Sep 12, 2018
Bitterleafsoup:
Where is the money for 2 years they have this money somewhere
Say a word of rebuke to those who stole the money in the first place. The way you are showing anger at the loot recovery suggests that some of the money was destined to address your personal needs

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