Past Govt Officials Are Returning Stolen Public Funds Through CBN

The presidency has confirmed public funds stolen by officials of past administrations are being returned to the government coffers through the Central Bank Of Nigeria.
Kemi Adeosun, the Minister of Finance, speaking in Abuja on Friday at the convergence of the Federation Accounts Allocation Committee, said the looted funds are being returned through the CBN, and only the bank could speak on the procedure and actual figures.


President Buhari is yet to issue a directive on how to handle the money. It is not yet known if the recovered loot had been lodged into the federation account to be shared by the three tiers of government, or if it was still in a separate government account.

Contacted by Sunday Punch on Saturday, Femi Adesina, President Buhari’s assistant on media, confirmed the development. He added Buhari is yet to make a declaration of whether to prosecute the government officials who returned the money voluntarily.
Buhari, while on working visit to Iran, said certain ex-governmnent officials were returning public funds they stole, but did not disclose their identities or sums. The failure to divulge specifics led many to doubt the veracity of Buhari’s claim.