• Contact Us
  • About Us
Saturday, April 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

FG Eyes ₦700bn Via April Bonds

Nigeria’s Budget  System Archaic,  Drives Unsustainable Deficit-Ugwudioha

N34trn Revenue  Leak Sparks Outrage As ActionAid Demands Forensic Audit Of Nigeria’s Finances 

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

Debt Management Office
Economy

FG Eyes ₦700bn Via April Bonds

April 23, 2026
FG Intensifies Moves To Avert Looming Inflation Protests Amid Hide & Seek Game In Week Of Decision
Economy

Nigeria’s Budget  System Archaic,  Drives Unsustainable Deficit-Ugwudioha

April 19, 2026
N34trn Revenue  Leak Sparks Outrage As ActionAid Demands Forensic Audit Of Nigeria’s Finances 
Economy

N34trn Revenue  Leak Sparks Outrage As ActionAid Demands Forensic Audit Of Nigeria’s Finances 

April 17, 2026
Minimum Wage: No Cause For Alarm, Says Finance Minister, After Meeting Tinubu
Economy

Nigeria’s Finance Minister, Edun Says Developing Nations Need More From IMF, World Bank

April 14, 2026
Next Post

Shoprite, Retail Giant Announces Decision To Exit Nigeria

Industry leaders meet to discuss impact of compliance pressures on HR priorities in South Africa

April 23, 2026
Stakeholders Express Concerns Over FG’s Budget Of N135Bn For 2027 Election Lawsuits, Say Outrageous, Democracy Under Scrutiny

My Acceptance Of INEC Job Was Based On God’s Conviction 

April 23, 2026
refinery

Oil Gains As US-Iran Talks Stall, Hormuz Shipping Still Disrupted 

April 23, 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