Buhari Reacts to NDDC, EFCC Probes, says it’s an Abuse of trust

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President Muhammadu Buhari on Friday reacted to corruption allegations rocking the Niger Delta Development Commission and Economic and Financial Crimes Commission (EFCC).

He said that some of his appointees have betrayed the trust reposed in them.

The president disclosed this in a chat with reporters after observing Eid Mubarak prayers at the forecourt of the presidential villa.

He said, “There has been abuse of trust by people trusted by previous administration and this administration.”

Ibrahim Magu, suspended acting chairman of the Economic and Financial Crimes Commission (EFCC) has being quizzed by a presidential panel over allegations of corruption and abuse of power.

The interim management of the Niger Delta Development Commission (NDDC) led by Kemebradikumo Daniel Pondei has been under scrutiny for misappropriation of fund in the tune of N40 billion within few months.

The president had appointed the interim committee after he ordered a forensic audit of NDDC’s activities from 2001 till 2019.

He, however, expressed excitement that some stolen assets are being recovered, sold and proceeds put into the single treasury account (TSA), “which is inaccessible to the corrupt persons involved”.

“A number of assets have been recovered and some money… we have introduced TSA where all the monies are taken and I said asset should be sold and the money be put through TSA so that it can be identified at any level and I will see who will come after us and take it back again to those who misappropriated public funds,” he said.

Buhari assured Nigerians that all past and present cases would be fully investigated.

“This is why we put the commission (of investigation) in place,” he said.

He emphasized that all of such cases would be uncovered and firmly dealt with by his government in due time.

Source: Cable