Use Recovered Loot To Rebuild Nigeria, NLC Urges FG | Independent Newspapers Limited
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Use Recovered Loot To Rebuild Nigeria, NLC Urges FG

Posted: Jun 6, 2016 at 4:47 pm   /   by   /   comments (0)

 The Nigeria Labour Congress (NLC) on Monday urged the federal government to devlop Nigeria’s infrastructure with funds recovered from looters since President Muahmmadu Buhari took office on May 29, 2015.

The NLC, while commending government’s efforts, said the “quantum of these recoveries vindicated our unqualified support for the fight against corruption and our insistence that more stringent punishment be prescribed for corruption cases.”

Ayuba Wabba, president of the NLC called on the Buhari administration to channel the funds into buiding roads, infrastructure, and reviving muribund sectors of the economy.

He said: “We believe, for the war against corruption to endure, as a people, we must be firm and resolute in our support for good governance and fight against corruption. We must entrench the culture of accountability, ensuring that public officers are accountable even out of office.”

The funds amount to N78.33 billion, $185.22 million, £3.51 million and €11,250. YThis was contained in the interim report releaed by the Ministry of Information on Saturday.

The report also stated that 158 buildins, cash and other assets in the region of N126.56 billion, $9.1 billion, £2.5 million and €303,399.17 had been recovered, in addition to the anticipated return of funds form foreign lands totalling $32132 million, £6.9 million and €11,826.11.