• Contact Us
  • About Us
Wednesday, August 27, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Buhari Finally Reacts To NDDC, EFCC Investigations, Accuses Appointees Of Trust Abuse

metro by metro
July 31, 2020
in Economy
0
0
SHARES
0
VIEWS

President Muhammadu Buhari has finally reacted to the alleged corruption leveled against the leaderships of some Federal Government Agencies and Commissions that have resulted into investigations.

Read Also

Dollar, Longer-dated Treasuries, Others Slide As Trump Escalates Attack On Fed, Russia-Ukrainan Supply Concerns

Mixed Reactions Trail FG’s Medium-Term Debt Strategy, Analysts List Path To Sustainable Development

Hope Rises For Nigeria’s Currency As Dollar Drops On Powell’s Points To Possible September Rate Cut

Some of the commissions  and agencies in the eye of the storm include the Economic and Financial Crimes Commission (EFCC) and the Niger Delta Development Commission (NDDC).

The president, who spoke after observing his Eid prayers at the fore court of the presidential villa on Friday, observed that some appointees of the government in both his administration and the previous one have abused their trust.
He, however, expressed delight that some stolen assets are being recovered, sold and proceeds put into the Single Treasury Account (TSA), which is inaccessible to the corrupt persons involved.
When asked how he felt about recent revelations coming out from the EFCC and the NDDC, President Buhari said:
“There has been abuse of trust by people trusted by previous administration and this administration.
“A number of assets have been recovered and some money.
“But we have introduced TSA where all the monies are taken and I said asset should be sold and the money be put through TSA so that it can be identified at any level and I will see who will come after us and take it back again to those who misappropriated public funds.”

While assuring that all past and present cases would be fully investigated, he said: “This is why we put the commission (of investigation) in place.”
He stressed that all of such cases would be uncovered and firmly dealt with by his government.

The News Agency of Nigeria (NAN) reports Senate and House of Representatives are currently investigating how the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) allegedly squandered N40 billion within few months.

NAN also reports that the Presidency had instituted a Presidential Probe Panel headed by retired Justice Ayo Salami to investigate allegations of gross misconduct against the suspended acting Chairman of the EFCC, Ibrahim Magu.

Previous Post

Why WTO Fails To Agree On Interim Leader

Next Post

Shoprite, Retail Giant Announces Decision To Exit Nigeria

Related Posts

Trump
Economy

Dollar, Longer-dated Treasuries, Others Slide As Trump Escalates Attack On Fed, Russia-Ukrainan Supply Concerns

August 26, 2025
FG To Start Paying Debt Service As Nigerian Economy Grows By 2.99% In Q1 2024-Edun
Economy

Mixed Reactions Trail FG’s Medium-Term Debt Strategy, Analysts List Path To Sustainable Development

August 25, 2025
Nigeria’s Banking Recapitalization: A ‘Too Big To Fail’ Scenario In The Making?”
Economy

Hope Rises For Nigeria’s Currency As Dollar Drops On Powell’s Points To Possible September Rate Cut

August 22, 2025
Uneasy Calm In Banking Industry Over FG Special Investigator’s Report
Economy

Commendations As CBN Plans Prosecution Of FX Deal Violators After Audit

August 7, 2025
Next Post

Shoprite, Retail Giant Announces Decision To Exit Nigeria

NUPRC Extends 2024 Licencing Registration Bid Round By 10 Days

NUPRC: Nigeria’s Crude oil Output Rises 10% To 1.71m Bpd In July, Yet To Meet 2025 Budget’s 2.06m Target

August 26, 2025
Falana Says Proposed Pay Rise For Politicians Insensitive, Ohanaeze Warns Of Public Backlash

Falana Says Proposed Pay Rise For Politicians Insensitive, Ohanaeze Warns Of Public Backlash

August 26, 2025

Choosing a broker? Here are the 5 signs of a reliable platform

August 26, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version