Nigerian President Mahamadu Buhari has reneged on a promise to name corrupt officials and recover loots.
At an anti-corruption summit in the UK, Buhari promised to disclose looters of state funds by May 29.
“I intend on the 29th to speak on this because of all the vibes Nigerians are getting from the mass media because of the number of people arrested either by the EFCC, DSS. But we want to make a comprehensive report on the 29,” he said.
However, in nationwide broadcast on Sunday dub Democracy Day, Buhari said bureaucratic hurdles were frustrating his effort to recover stolen assets in foreign jurisdiction though he said significant gains have been made in this regard.
“We are also engaged in making recoveries of stolen assets some of which are in different jurisdictions. The processes of recovery can be tedious and time consuming, but today I can confirm that thus far: significant amount of assets have been recovered. A considerable portion of these are at different stages of recovery,” he said.
Details of the recovered assets will now be provided by the country’s information ministry, Buhari said, adding that this will be updated periodically.
Money recovered will be used for developmental projects and operated in a transparent manner, he added.
“Full details of the status and categories of the assets will now be published by the Ministry of Information and updated periodically. When forfeiture formalities are completed these monies will be credited to the treasury and be openly and transparently used in funding developmental projects and the public will be informed,” Mr. Buhari said.
His Democracy Day speech was criticized for not addressing rising inflation, the massacre in Zaria, the activities of Fulani herdsmen and extra-judicial killings.