Buhari warns corrupt: No longer business as usual

2015-10-06 22:04
Diezani Alison-Madueke. (AFP file 2014)

Diezani Alison-Madueke. (AFP file 2014)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Abuja - Nigeria's President Muhammadu Buhari on Tuesday warned there was no longer any hiding place for the corrupt, as he hailed British and Swiss support for the recovery of stolen public funds.

"Switzerland and Britain have been very helpful indeed in the recovery of our assets. But we must build on what we have started," he told both countries' ambassadors separately in Abuja.

"It is also important to send a signal to the elite that it is no longer business as usual," he said, according to a statement from his office.

Buhari has vowed to recover "mind-boggling" amounts of stolen oil money and bring those responsible to book, as part of a drive against corruption and to replenish depleted government coffers.

The arrest in London last week of the country's former oil minister, Diezani Alison-Madueke, on suspicion of bribery and money laundering, has shocked Nigeria's political establishment.

She was one of five people arrested on Friday as part of a probe into international corruption dating back to 2013, when she was a serving minister under then president Goodluck Jonathan.

Magistrates in London on Monday granted police permission to retain for six months $41 000 in cash seized during her arrest.

Alison-Madueke - the first woman to hold the post of oil minister and the rotating presidency of the global oil cartel Opec - has previously been accused of involvement in large-scale fraud.

She has repeatedly denied wrongdoing.

On her watch, it was alleged the state-run Nigerian National Petroleum Corporation (NNPC) failed to remit $20bn in revenue to the central bank.

Nigerian authorities had received "much help" from Britain, Switzerland and other nations to track down stolen public funds "by officials of past administrations", Buhari said.

But he called for "the processes of investigation, prosecution and repatriation of Nigerian funds stolen by corrupt public officials and their accomplices" to be speeded up.

Switzerland in March said it would return about $380m linked to Nigeria's former military ruler Sani Abacha, that was placed in several overseas accounts controlled by his family.

About $500m in Swiss bank accounts had already been returned.

Abacha, in power from 1993 until his death in 1998, is suspected of having siphoned off $2.2bn from Nigeria's central bank in what the United States has called "brazen acts of kleptocracy".

Read more on:    nigeria  |  west africa

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.