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We Are Using Recovered Loots To Fund 2017 Budget – Buhari

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Muhammadu Buhari

Nigeria’s president, Muhammadu Buhari says on Tuesday that his administration is using part of the stolen funds recovered from Nigerians who looted the economy to fund the 2017 budget.

Buhari spoke at the 22nd Annual Conference of the Association of National Accountants of Nigeria in Abuja.

Represented by the Accountant General of the Federation, Alhaji Idris Ahmed, the president said the government had resolved to use some of the recovered stolen funds to finance the 2017 budget.

He said his administration had practically done much in delivering on its core focus of diversifying the economy.

In his words: “Part of the stolen funds recovered is being used by government to finance the 2017 budget. Power generation has peaked at an all-time high of 7,001 Megawatts in the third quarter of 2017.”

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Buhari added that his government was aiming at the production of 10,000 Megawatts of electricity by the year 2020.

He said the firm implementation of the Treasury Single Account since September 2015 had significantly enhanced transparency in the Federal Government’s Public Financial Management System.

ANAN Chairman of Council, Alhaji Shehu Ladan, pledged the support of the association to the government’s economic agenda.

Ladan said, “The accountant is key. We are calling on our members to increase their integrity quotient. As an association, we are strengthening our discipline mechanism to ensure that members found wanting do not go unpunished.”

He said it was important for the government to ensure the reinvestment of the recovered stolen funds to make for quicker recovery of the economy, PUNCH reports.

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112 Comments

112 Comments

  1. Engr Francis Savio

    October 11, 2017 at 7:48 am

    The same Kemi adeosun said that govt can’t fund 2017 budget again

  2. Afamefuna Anikwe

    October 11, 2017 at 7:42 am

    Political Robbery!how much did u recovered?

  3. Enobong Udoh

    October 11, 2017 at 7:30 am

    Uncovered loots from baru

  4. Nazor Maduike

    October 11, 2017 at 7:29 am

    Have you seen it. They have stole the recovered loots as they said.

  5. Emma Chike

    October 11, 2017 at 7:17 am

    Buhari baru is a thief.. Period

  6. Andy Moore

    October 11, 2017 at 7:04 am

    This is news up zoo republic for this

  7. Onuh Moses O

    October 11, 2017 at 6:58 am

    How much was recovered? I think you are relooting the the looted funds

  8. Clifford Ogwurumba

    October 11, 2017 at 6:55 am

    No sir for U have not quantified and declosed how much was recovered before appropriation. This is public revenue and not deposit held in account for someone, so care need to be taken to plug holes to avoid lickages by not getting Presidential declaration.

  9. Henry Njoku

    October 11, 2017 at 6:50 am

    Story don start, but I hear sey dem know even know the amount wey dem recover and no wan touch am… How come dem don dey use am for funding already… My people, that so called recovery loots, that is if there is any recovery. DON GROW LEG ooooo … hihihihihihi……

  10. Emeka Samuel Okafor

    October 11, 2017 at 6:49 am

    Cow brain

  11. Austin Ovie

    October 11, 2017 at 6:46 am

    Hope is the nnpc own sha o

  12. Ademola Adeleke

    October 11, 2017 at 6:44 am

    Thank you

  13. Okoye Nnamdi David

    October 11, 2017 at 6:17 am

    All liars, should hold on hell is waiting for them. If they dont want to repent.

  14. Chinedu Ugwu

    October 11, 2017 at 6:10 am

  15. Chinedu Ugwu

    October 11, 2017 at 6:10 am

  16. Chris John

    October 11, 2017 at 6:07 am

    Which meant the bill is/will be a corrupt one also,as there will be lots of loot as well.”he who needs wisdom,should ask GOD to give him”

  17. Nnaji-Edeh Innocent

    October 11, 2017 at 6:02 am

    Thief

  18. Nana Nwoke

    October 11, 2017 at 5:59 am

    Hahaha… How Nigerians finally join one chance bus

  19. Ebei Ibi

    October 11, 2017 at 5:42 am

    Shame and how many corrupt politicians have you arrested and jailed? Because you are involved no one abi?

  20. Chigozie Okoh

    October 11, 2017 at 5:40 am

    Its obvious that Buhari is d twin brother of Lai Mohammed, Liars of the century.. God save Nigeria in this once chance motor called APC

  21. Nelly Thomas

    October 11, 2017 at 5:36 am

    Kparawo

  22. Chuma Zfla

    October 11, 2017 at 5:15 am

    Including the recent 25 billion dollars that was stolen under you korokoro eyes

  23. Aloysius Gonzaga

    October 11, 2017 at 5:14 am

    how much was used to fund,how much remaiming?. If it was not used in funding operation pyton dance to kill inocent people .

  24. Ngonadi Alexander

    October 11, 2017 at 4:57 am

    Hw much did u discover?

  25. Eme Henry Chizie

    October 11, 2017 at 4:23 am

    the worst nighmare in the history of Nigeria

  26. Geoffrey Udeagu

    October 11, 2017 at 2:59 am

    No to fund operations python and its like to scare the people you are to protect a big disgrace to democraic system

  27. Mhiz Favour Amara

    October 11, 2017 at 2:54 am

    Haha for where?

  28. Golden Heart

    October 11, 2017 at 1:15 am

    2017 Budget at the last Quarter of the year… Na Ogun go Fire you Robot

  29. Nedum Nkem Chi Emerie

    October 11, 2017 at 1:07 am

  30. Chino Ezeonyekwelu

    October 11, 2017 at 1:07 am

    Buhari make i send AMADIOHA for u?

  31. Obia Edwin Ogbonna

    October 11, 2017 at 12:57 am

    Frederick Lugard & his families will never know peace wherever they’re, hellfire will be they portion forever.

  32. Austin Kasie Kelvin

    October 11, 2017 at 12:45 am

    I thank God Buhari won and the President of Nigeria… if not by now those useless animals called Almajiris arewa youths including some useless idiots from West will be thinking Nigeria will be like US by now… enjoy the change

  33. Joan Odiachi

    October 11, 2017 at 12:17 am

    Liar

  34. George Nwankwo

    October 11, 2017 at 12:13 am

    Asi!

  35. Imoh Okon

    October 10, 2017 at 11:54 pm

    Shameless liar. Your Magu didn’t know the figures involved either when asked.

  36. Wisdom Ogboi Ojei

    October 10, 2017 at 11:42 pm

    Thanks to doctor momoh who saved and cured me of hepatitis virus with herbal remedies for issues like ulcer,phobia,cancer,and more call him on +2349065092740

  37. Ignatius Igidi

    October 10, 2017 at 11:15 pm

    What have you financed and commissioned in this 2017 ?

  38. Gbenga Martins Ibiejugba

    October 10, 2017 at 11:07 pm

    Story

  39. Kingsley Ezi

    October 10, 2017 at 10:44 pm

    idiot

  40. Charles Anthony

    October 10, 2017 at 10:27 pm

    Oh i weap for nigeria

  41. Adeniyi Ori-Ade Shobowale

    October 10, 2017 at 10:17 pm

    U must be Mad..ur goverment don’t work..Useless man u came to destroy d Economy hw manage with all d money recover..

  42. Kelvin Onwuka

    October 10, 2017 at 9:58 pm

    thunder fire you ..

  43. Emmy Joe Sadiku

    October 10, 2017 at 9:46 pm

    When the people lost their trust on their leader then it become a problem.

  44. Nwachukwu Onyedikachi

    October 10, 2017 at 9:36 pm

    Weak goverment

  45. Emmanuel J. Maxwell

    October 10, 2017 at 9:36 pm

    I disbelief this

  46. Doris Chioma

    October 10, 2017 at 9:36 pm

  47. Abel Emmanuel

    October 10, 2017 at 9:29 pm

    Oga for how long will this lies continue

  48. Godfrey Ogwu

    October 10, 2017 at 9:27 pm

    O God have mercy on your children! Buhari and will not kill us.

  49. Valentine Madunaeme

    October 10, 2017 at 9:25 pm

    This is october o, which 2017 are these people talking about….. Jubrin na the 10th month for 2017 we dey o

  50. Bestman Josiah

    October 10, 2017 at 9:25 pm

    Story for the gods

  51. Julie Ogbu Ebuenyi

    October 10, 2017 at 9:25 pm

    Is it the 26 billion? What about the 5 billion you are asking for? Onye oshii, oleeee. International thief thief! !

  52. Nelson Okeke

    October 10, 2017 at 9:24 pm

    Lie’s

  53. Ndubuisi Nwokelo

    October 10, 2017 at 9:10 pm

    Yet you’re borrowing?

  54. Unokhua Emmanuel

    October 10, 2017 at 8:56 pm

    How much has been recovered? And why request for $5billion to fund budget again? Kai! Which kind of satanic persons be this?

  55. Uchenna Jude Chijioke

    October 10, 2017 at 8:45 pm

    God punish Fredrick Lugard

  56. Johnson Oluwasegun Tanimola

    October 10, 2017 at 8:39 pm

    OK oo I hope you will not say a different reason for failure.

  57. Uchenna Jude Chijioke

    October 10, 2017 at 8:39 pm

    Lol criminal

  58. Emeka Jeremiah Udeke

    October 10, 2017 at 8:38 pm

    If you are using recovered loots ,who sent that letter to the senate seeking permission to go and borrow 5.5 billion dollars? Let the gullible and the brainless continue cheering him.

  59. Chimaobi Uchehara

    October 10, 2017 at 8:36 pm

    For me .Is a Big lie

  60. Cynthia Jacob

    October 10, 2017 at 8:35 pm

    I got assisted with my twinkas account and I received payment, all I had to do was to upgrade from my former package to an higher package and I received payment within 6hours, if you have an account with twinkas call the Admin Jide he helped me with My own account 07015307289 call him today for upgrade of your account and receive payment.

  61. Nnamdi Okoye

    October 10, 2017 at 8:33 pm

    Story story story!!!

  62. Kc Young Efizzy Aguoma

    October 10, 2017 at 8:31 pm

    Snr ole

  63. Celestine Ekene

    October 10, 2017 at 8:26 pm

    See his face…jubrin

  64. Vincent Akunne

    October 10, 2017 at 8:25 pm

    OLEEE GIDI

  65. Kingsley Kingsley

    October 10, 2017 at 8:23 pm

    Funds of 26m dollars

  66. Ogbara Azibapu Abraham

    October 10, 2017 at 8:23 pm

    What about the oil money?buhari u can fool ur Fulani and hausa brothers but not all Nigerians…buhari u came to steal and destroy Nigeria

  67. Usman Muhammad

    October 10, 2017 at 8:18 pm

    Carry on BABA

  68. Gift Aaron

    October 10, 2017 at 8:16 pm

    Abrakadabra. The more you look the less you see. But how much have been recovered so far? No records.

  69. Okhai Joshua

    October 10, 2017 at 8:13 pm

    Can Buhari read and comprehend? Just wanna know

  70. Oluyomi Akintoye

    October 10, 2017 at 8:10 pm

    I see the southern leader as fool let. Am tired of this daily insult by all dis animals from the cow kingdom

  71. Nnabuife Obike

    October 10, 2017 at 8:09 pm

    l hear

  72. Engell Nazik Obinna

    October 10, 2017 at 7:58 pm

    What about the missing 26billion?

  73. Prince Gee

    October 10, 2017 at 7:58 pm

    Who among you here is still talking about ONE NIGERIA???

  74. Okike Cally Ekenedirichukwu

    October 10, 2017 at 7:55 pm

    See baba face.

  75. Cassidy Aniede

    October 10, 2017 at 7:55 pm

    If so where is the money government got since January?

  76. Dozie Mehara

    October 10, 2017 at 7:55 pm

    Idiot.

  77. Don Obi

    October 10, 2017 at 7:55 pm

    You people are recovering the old loot and looting the fresh ones

  78. Archimedes Perfect

    October 10, 2017 at 7:53 pm

    LiAR…

  79. Adanma Emmanuel

    October 10, 2017 at 7:49 pm

    Tufiakwa gi

  80. Michael Maduabuchi Monemeh

    October 10, 2017 at 7:47 pm

    Continue your madness… Onyeara

  81. Afunwa Stephen Stephen

    October 10, 2017 at 7:42 pm

    which means the $25 billion you duped from NNPC will be use to Fund 2018 Budget …

  82. John Osinakachi

    October 10, 2017 at 7:38 pm

  83. Tony Okey

    October 10, 2017 at 7:36 pm

    This man will keep borrowing until Nigeria is admitted into HIPC( highly indebted poor country)

  84. Cley Zix

    October 10, 2017 at 7:35 pm

    Brainless he goat. Which recovered loot? How much did you recover. Foolish man

  85. Ali Jos Katsina

    October 10, 2017 at 7:33 pm

    Many hv been asking of where are d looted money u hv nw heard of it and wat to be done wit them thank u baba buhari bt we need somebdy in 2019

    • Gift Aaron

      October 10, 2017 at 8:18 pm

      Are you sure that you are normal?

    • Adeline Josh

      October 11, 2017 at 5:47 am

      2017 that is remaining 2months to finish ba? Bunch of hellbound liars

    • Ali Jos Katsina

      October 11, 2017 at 7:03 am

      2018 point of correction

  86. Christopher Ifeanyi

    October 10, 2017 at 7:31 pm

    Everybody is confused. Recovered loot to be used to sponsore 2017 budget. Pls, this is almost the end of 2017 !!! Na wahoo!

  87. Mopki Mako Mopki

    October 10, 2017 at 7:30 pm

    Lieeeeeeeeeeeeeeeeeeeee
    you’re hiding it for next election

  88. Itz Don Smith Reignz

    October 10, 2017 at 7:30 pm

    THIEF

  89. Samuel Sunday

    October 10, 2017 at 7:29 pm

    that’s what you see in animal kingdom, no one opposes the lion king.

  90. Adedapo Adebisi Adejuwon Barcelona

    October 10, 2017 at 7:29 pm

    But Baru case will die down like that Mr president .

    • Gift Aaron

      October 10, 2017 at 8:25 pm

      You mean you are expecting something meaningful? Please, take care of your blood pressure.

  91. Kelvin Ikiogha Ebidah

    October 10, 2017 at 7:28 pm

    so why the borrowing

  92. Helsingborg Segelino

    October 10, 2017 at 7:19 pm

    Wat a shame!!

  93. Kenny Egbuji

    October 10, 2017 at 7:17 pm

    Thief

  94. Emmanuel Decency

    October 10, 2017 at 7:14 pm

    Story

  95. Unity Micheal Edokpolor

    October 10, 2017 at 7:12 pm

    What are you doing with the billions dollars you have borrowed

  96. Okey Moole

    October 10, 2017 at 7:11 pm

    Ok

  97. Okoye Samuel Ugochukwu

    October 10, 2017 at 7:09 pm

    What abt the $29 billion

  98. Chinedu Onwuka

    October 10, 2017 at 7:08 pm

    Lai lai buhari, what about missing $27b

  99. Dammykool Damilare Idowu

    October 10, 2017 at 7:07 pm

    He later join the team of the past leaders records

  100. Pheelz Pleelz Pheelz

    October 10, 2017 at 7:04 pm

    How much have you recovered and from whom and how much have you injected into the budget? Where’s accountability and transparency in this administration?

  101. Obinna Obiakor

    October 10, 2017 at 7:00 pm

    Hahahahahaaha. I love this man…he is really dealing with the one Nigeria people..
    Sai baba…carry go

  102. Akanimordo Egungun Nla

    October 10, 2017 at 6:58 pm

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    • Charles Osuigwe

      October 10, 2017 at 7:15 pm

      You guys are only interested in your market. If the would is on fire you dare not comment, only selling your drug

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Politics

Kaduna Assembly Gets New Speaker, Deputy

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Hon. Yusuf Ibrahim Zailani has been elected as the new Kaduna Speaker.

His election came barely an hour after Hon Aminu Abdullahi Shagali resigned as Speaker.

Hon. Zailani, who represents Igabi West Constituency in the Assembly, was the Deputy Speaker of the Assembly until his election to lead the House on Tuesday.

Zailani is a strong member of the ruling All Progressives Congress (APC).

Also, Hon Mukhtar Isa Hazo, representing Bassawa Constituency has been elected as the new Deputy Speaker.

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Both of them have been sworn-in by the Clark of the Assembly.

The former Speaker, who represents Sabon-Gari Constituency in the Assembly, officially submitted his resignation letter to clerk of the House Tuesday morning.

The Nation gathered that members of the House had started collecting signatures to impeach him before he eventually bowed to pressure and resigned.

Chairman, House Committee on information, Honourable Tanimu Musa confirmed he submitted his resignation letter.

However, Shagali’s offence warranting the alleged plan impeachment was yet to be unraveled as the time of filing this report.

The 40-year old Aminu Abdullahi Shagali became the Assembly Speaker on the coming of the ruling All Progressives Congress (APC) to power in 2015.

He was re-elected to preside over the House in 2019 on strong recommendation of Governor Nasir Ahmed El-Rufa’i.

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BREAKING: Kaduna Speaker Resigns

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Speaker of Kaduna Assembly, Hon. Aminu Abdullahi Shagali, has resigned his position.

The resignation came amid alleged plans by some members of the assembly to impeach him.

Sources from the Assembly said Shagali tendered his resignation before commencement of Plenary session on Tuesday morning.

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2023: Presidency Should Return To South — El-Rufai

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el-rufai - Kaduna State Governor

Kaduna State  Governor, Nasir El-Rufai, has insisted that the North has no justification to remain in power after the expiration of President Muhammadu Buhari’s second tenure.

El-Rufai maintained that the Presidency should rightly return to the Southern part of Nigeria.

He said though the constitution of the All Progressives Congress, APC, does not make provision for rotation but in the interest of justice, equity and fair play, Presidency should go to other regions of the country.

The Kaduna governor said: “The general political consensus in Nigeria is that the Presidency should rotate between the North and the South. It is not written but everyone understands it.

“In some of the parties, like the PDP, it is even written down in their constitution but it was breached in 2015. I think that every politician of honour should understand and abide by that consensus except there is an extenuating circumstance compelling it to be set aside. What could this be?

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“President Yar’Adua died in office and it was compulsory for Jonathan to continue but when 2011 election came, there were many people who insisted that Jonathan should step aside for a northerner to complete the tenure of Yar’Adua but I opposed it because I didn’t think it was proper for an incumbent that got there not by his own design should be stopped from contesting when the constitution has not barred him from running.

“In the APC, we deliberately omitted rotational Presidency in our constitution and the emergence of a presidential candidate does not take into account zoning and that was why in 2015, Rochas Okorocha from the East contested, Sam Nda-Isaiah contested, Buhari, Kwankwaso and others contested.”

El-Rufai a chieftain of APC, added that presidential candidates are chosen on the basis of merit and general acceptance.

“I can say that as distinct from the PDP, APC has no rotational Presidency but candidates are selected strictly on the basis of political merit and the general acceptability of the candidate.

“I want to say that those of us from Northern Nigeria honour agreements. We do not violate unwritten political agreements and I will be the last person to lead in violating that agreement. I may have a personal view but that should be the basis. I don’t care where you come from but I look for merit.

“But as a group, the Northern APC will have to sit down and endorse someone, most likely someone from the South, because after eight years of Buhari, I don’t think the Presidency should remain in the north unless there is some extenuating circumstances. But all things being equal, we will honour our agreement and we keep our words,” he said.

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