Nigeria is trying to track $150 billion in funds stolen in the past 10 years, President Muhammadu Buhari disclosed in an opinion article
the Washington Post.
Buhari who arrived United States on Sunday
to begin a four day official visit, said the mone, more than the budget
of Nigeria for seven years is held in foreign bank accounts on behalf of
former, corrupt officials.
President Buhari met with America’s
President Barack Obama in Washington on Monday, and it is believed that
how to repatriate the stolen money formed part of the discussions
between the duo.
Buhari was elected on 28 March, 2015 on the
platform of fighting endemic corruption and graft, and he has said the
recovered money will be used to fund welfare and infrastructure schemes
Wrote Buhari in the article: “There are too few
examples in the history of Nigeria since independence where it can be
said that good management and governance were instituted at a national
“This lack of a governance framework has allowed many of those in charge, devoid of any real checks and balances, to plunder.
fact that I now seek Obama’s assistance in locating and returning $150
billion in funds stolen in the past decade and held in foreign bank
accounts on behalf of former, corrupt officials is testament to how
badly Nigeria has been run. This way of conducting our affairs cannot
“Indeed, the failure of governance, it can be argued,
has been as much a factor in Nigeria’s inability thus far to defeat Boko
Haram as have been issues with the military campaign itself.”
Source: PM News