• Contact Us
  • About Us
Tuesday, August 25, 2026
  • 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

Nigeria’s Inflation Falls To 15.43 As Worries On Food Prices Remain

ICPC Uncovers N24bn Ghost Workers Scandal, Official Puts 14 Family Members On Government Payroll

ECOWAS Targets $294bn Climate Finance Gap, Moves To Unlock West Africa’s Carbon Market

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

More Nigerians Go Hungry As Food Prices Soar beyond Average Consumers
Economy

Nigeria’s Inflation Falls To 15.43 As Worries On Food Prices Remain

August 17, 2026
ICPC Arrests NSCDC Deputy Commaandant Over Alleged N3bn Fraud
Economy

ICPC Uncovers N24bn Ghost Workers Scandal, Official Puts 14 Family Members On Government Payroll

August 13, 2026
Leadership Deficit And Political Crises Rocking ECOWAS Region
Economy

ECOWAS Targets $294bn Climate Finance Gap, Moves To Unlock West Africa’s Carbon Market

August 12, 2026
Debt Crisis Hits New Highs In Developing Nations, Relief Deal Needed, Says UN
Economy

Amid Rising Revenue FCT, Lagos, Rivers Aaccount For 43% Of Nigeria’s N4.52trn States’ Debt

August 10, 2026
Next Post

Shoprite, Retail Giant Announces Decision To Exit Nigeria

Redefining Work For The AI Era

August 24, 2026

Rwanda Highlights Potential for Migration to Drive Jobs, Skills and Regional Growth: IOM Chief

August 21, 2026
UK Finance Minister Says Govt To Cut Cost By 15%

Democratic California State Legislator Wahab Wins US House Of Representatives Seat

August 21, 2026
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