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            Home » Buhari Assures CBN Will Make Names Of Looters Public Soon
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            Buhari Assures CBN Will Make Names Of Looters Public Soon

            techBy techDecember 12, 2015No Comments5 Mins Read
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            President Muhammadu Buhari
            President Muhammadu Buhari

            By Olusegun Lawrence                 President Muhammadu Buhari has assured Nigerians that the Central Bank of Nigeria (CBN) will in due course make information available on treasury looters that are returning money into the federal government coffers.

            According to him, the government owes Nigerians adequate information on the recovery but hastened to add that it is too early to disclose the names and the amount when the process of recovering is still ongoing.

            He disclosed this in his keynote address at the Osigwe Anyiam-Osigwe Foundation Lecture held on Friday at the International Conference Centre, Abuja.

            “As I stated recently, a good number of people who abused their positions are voluntarily returning the illicit funds. I have heard it said that we should disclose the names of the people, and the amount returned.

            “Yes, in due course, the Central Bank of Nigeria will make information available to the public on the surrendered funds, but I must remark that it is yet early days, and any disclosure now may jeopardize the possibility of bigger recoveries.

            Wwe owe Nigerians adequate information, and it shall come in due course. It is part of the collective effort to change our land from the bastion of corruption it currently is, to a place of probity and transparency.

            “Quite frankly, the anti-corruption war is not strictly about me as a person, it is about building a country where our children, and the forthcoming generations, can live in peace and prosperity. When you see dilapidated infrastructure round the country, it is often the consequence of corruption. Poor healthcare, collapsed education, lack of public utilities, decayed social services, are all products of corruption, as those entrusted with public resources put them in their private pockets. That must stop, if we want a new Nigeria.

            “And that was why I said at another forum that people need not fear me, but they must fear the consequences of their actions. Corrupt acts will always be punished, and there will be no friend, no foe. We will strive to do what is fair and just at all times, but people who refuse to embrace probity should have every cause to fear.

            “Look at the corruption problem in the country, and tell me how you feel as a Nigerian. Our commonwealth is entrusted to leaders at different levels of governance, and instead of using the God given resources to better the lot of the citizens, they divert them to private use.

            “They then amass wealth in billions and trillions of naira, and other major currencies of the world, ill-gotten wealth which they cannot finish spending in several lifetimes over. This is abuse of trust, pure and simple. When you hold public office, you do it in trust for the people. When you, therefore, use it to serve self, you have betrayed the people who entrusted that office to you.

            “Again, how do you feel year after year, when Transparency International (TI) releases its Corruption Perception Index, and Nigeria is cast in the role of a superstar on corruption? In 2011, out of 183 countries, Nigeria was 143 on the corruption ladder. In 2012, we were 139th out of 176. In 2013, we ranked 144 out of 177, and in 2014, we stood at 136th out of 174. Hardly a record to inspire anyone. In fact, it is sad, depressing and distressing. Our country can be known for better things other than corruption.

            CBN Governor Godwin Emefiele, to release names of looters
            CBN Governor Godwin Emefiele, to release names of looters

            “In the process of trying to recover stolen funds now, we are seeking the cooperation of the countries were these loots were taken. Time it was, when such nations may have overlooked our overtures for assistance to fight corruption. However, we now live in an era where corruption is anathema, looked upon as something that should be tackled head-on because the actions of the corrupt can have global impact.

            “It is to be noted that resolving the problem of corruption transcends merely arresting and trying people that have held public office. This is because, to curtail corruption, we have to reorder the mindset of all. Empirical facts have shown that even those who are critics today are most times not better than those they criticize. When they are availed the same or similar opportunities, they act likewise. In other words, those who didn’t have the opportunity criticise and blow whistle but when they get into office; they become victims of the same thing they criticize. Nigeria must grow beyond that point, and be populated by people with conviction, a new breed without greed, radically opposed to corruption.

            “This points to the fact that curtailing corruption might require a more broadened social engineering. It, indeed, requires conforming every mindset in the social order to the moral tenets in which propriety anchors as a way of life.

            Nigeria
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