Nduese Essien calls on EFCC to account for recovered loot

Nduese Essien calls on EFCC to account for recovered loot

- Former minister of lands, housing and Urban development, Nduese Essien calls, on the EFCC to account for the monies so far recovered from suspected looters

- Essien advises the federal government to invest the recovered loot in the economy for infrastructural development

- The former minister urges the government expose those found culpable in corrupt practices to serve as deterrent to others

Former minister of lands, housing and Urban development, Nduese Essien, has put pressure on the Economic and Financial Crimes Commission (EFCC) to account for the monies so far recovered from suspected looters in the country.

READ ALSO: EFCC searches Peter Obi’s apartment in Osborne Towers

Essien in a chat with journalists on Tuesday, April 18, said if the monies recovered from looters are properly accounted for by the anti-corruption agency, it would help promote transparency and accountability, Vanguard reports.

He said: “The monies recovered from people’s homes do not have effect on the economy of the country because, we have had reports of discoveries of monies but after such reports, we are not told of what happened to the monies so recovered.

“We expect that such monies when uncovered should be accounted for by the anti-corruption agency.”

The former minister advised the federal government to invest the recovered loot in the economy for infrastructural development.

Essien urged the government expose those found culpable in corrupt practices to serve as a deterrent to others.

READ ALSO: Names of Nigerians who stay at Osborne Towers emerges

He said: "Government should not only tackle corruption involving those who have been in government taking a good chunk of money but, should also battle and watch those who are currently in office, so that we do not end up recovering money again when they are no more in office.”

The former minister said it was necessary for the government to block all loopholes in order to protect the revenue accrued to the government.

In another news item, the EFCC has submitted a report to the presidency on the N15billion it recovered in a flat in Ikoyi, Lagos on Wednesday, April 12.

NAIJ.com learnt that the anti-graft agency's report to the presidency gave details of the discoveries made during the operation and the origin of the money.

The fund recovered by operatives of the EFCC was made up of $43.4 million, £27,000 and N23million totalling N15 billion.

In the NAIJ.com video below, Sanusi Lamido Sanusi, the Emir of Kano, faults Nigerian politicians for their constant disputes.

Source: Naij.com

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