Tag: loot

  • The exposures and the arrests are legion; but there are no convictions, no recovery of the loot yet in sight

    The exposures and the arrests are legion; but there are no convictions, no recovery of the loot yet in sight

    The recent exposures probably far outnumber the arrests but still, the scale of the arrest of high public officeholders for corruption is probably without precedent in the history of Nigeria. Moreover, the arrest of public officials for corruption is higher in our country today than any other country of the world at the present time. Simply stated, in its twelve-year history, our national anti-corruption agency, the EFCC, has never been busier than at the present moment. Prior to now, exposures of corruption of mindboggling proportions had been the main thing, but now the arrests come right on the heels of the exposures, even if only a small fraction of those exposed have actually been arrested, charged and are facing prosecution. I think the question that arises from this extraordinary development concerning Nigeria’s special place in the contemporary worldwide war against corruption is the following: will we conduct the war against corruption in such a way that we will be able to teach the rest of the world somevaluable and lasting lessons about how to wage a concerted war against corruption and not only win but win decisively? Of course, this in no way obscures the fact that the outstanding moral and social objective of the anti-corruption war that our country is waging at the present time is justice for a looted nation and its teeming, pillaged masses. In other words, the point I am advancing here is that we should be asking both questions together: what to do to be victoriousin the struggle for justice in the war against corruption and how such a victory might serve as a teachable model for other countries of the world.

    One reason why these two questions should be posed together is the fact that Nigerians as a whole seem relatively assured that the looters and their supporters will lose the war. This is in part wish fulfillment, the thinking behind it being the fanciful belief that the looters and their allies will lose because we very desperately want them to lose; and moreover, justice, morality and decency all demand that the looters should lose. But as I have repeated many times in this column, both the Nigerian government and people in general vastly underrate what it will take to win and win decisively against the looters and their allies. This is because legend and myth as a dedicated and indefatigable anti-corruption crusader preceded Buhari to office. Indeed, prior to his electoral victory and eventual assumption of office, there were stories doing the rounds of the national grapevine to the effect that as soon as Buhari was pronounced the victor in the presidential elections, all the looters would board their private jets, take flight and escape to safe havens abroad. However, in the post-election period in the real world, nothing remotely close to this fantastic scenario took place. The looters not only did not take flight, they stayed and they are fighting back mightily, with great help from their allies in the Nigerian Bar and Bench. Moreover, at least in these early rounds of the legal battles, the determined and organized band of lootersand their allies are declaring a stalemate if not an outright victory. This is because in the majority of the cases in the law courts, they have been granted bail and they have succeeded considerably in deploying delaying tactics to prolong the trial of their cases, if possible permanently. At any rate, the looters have given every indication available to them to give notice to Buhari and indeed the whole country that this is a battle they have fought before, a battle they know how to win.

    Thus, beyond the myths of Buhari’s credentials as an anti-corruption crusader and beyond the wish fulfillment that we will win the war because justice and morality is on our side, the onus in this war of maneuver is for the government to demonstrate that it knows what it will take to defeat the looters, obtain their conviction and recover a sizeable proportion of the pillaged loot of trillions of naira and hundreds of billions of dollars. In other words, too much of the government’s present credibility and high ratings in the legal war on corruption come from exposures and arrests of lootersbeyond anything we have ever seen in this country; too little is coming from a perception that the government is conducting the war effectively and knows what to do to assure victory. Permit me to make a few observations in support of this claim.

    In all fairness, the most charitable remark that can be made about the government’s prosecution of the looters in the law courts is that slowly but gradually, there are signs that a plan, a method, a sort of strategy is beginning to emerge from the overwhelming sense of a shocking lack of coordination in how exposures and arrests are being made and prosecution begun against alleged looters. There are at least FOUR separate and distinct arms or agencies of the government all working together at the same time, but without a sense that they are all working in sync, that they are all on the same page. The concerned agencies are the EFCC; the office of the Solicitor General of the Federation (SGF) working under the direction of the Attorney General of the Federation (AGF); the Nigerian Police; and the office of the Director of State Security (DSS). To date and as far as I am personally aware, no public announcement has ever been made to give a report on the number of arrests made and the individual and collective size of the loot stolen. Are all the prosecuting lawyers working together as a team and under the guidance of a “command center” located in the SGF’s office? Your guess is as good as mine, compatriots!

    As everyone knows, there is a lot of anger and frustration among the members of this prosecuting team that bails are being granted to virtually every accused looter and stays of proceeding are still being granted, even though this runs counter to the law of the land as enshrined in the Administration of Criminal Justice Act of 2015 (ACJA). This raises many troubling questions. Why is the government keeping quiet about this and silently licking its wounds of disappointment and frustration? Why has not a single statement or declaration been made about what the government will do about this crucial development? Why have press and media houses throughout the country not been brought into a widespread and sustained reporting and discussion of this rampart and willful disregard of the provisions of ACJA by many if not most of the trial judges? Why have the names of the defense lawyers and trial judges disregarding ACJA not been published, not to “shame” or disgrace them, but to give them the chance to explain why, as far as they are concerned, ACJA might as well be a bill awaiting passage in the National Assembly and not the de facto and de jure law of the land that it is? Why the silence, why the perplexity of the government prosecuting team before these onslaughts of the looters and their allies on the Bar and the Bench? Are these not the signs of a rudderless and uncoordinated team fighting only with the fatuous weapon of the wish fulfillment that it will win because justice, morality and decency are on its side?

    All is not lost and questions like those I am posing in this piece are being posed by many other commentators, pundits and activists all over the country. And there are signs that the government is listening; indeed, there are also signs that some of the trial judges are listening. [This past week, the trial judge in charge of the case against Olisa Metuh gave warning to Metuh and his lawyers that they have already used THREE of the FIVE adjournments of postponements to which they are entitled under ACJA]. Against the background of this development, the Sagay advisory committee could play a very crucial role in both the outcome and the educational possibilities in how Nigeria conducts this epic war against corruption. Technically, the Sagay Committee is not one of the agencies responsible for making exposures of looting, arresting looters and coordinating their prosecution in the law courts. No, the Sagay committee was not designed to do any of these particular things. What it is mandated to do, what it must do well, is in fact provide the moral and intellectual framework within which the war against corruption can be won and converted to a lasting instructional value for not only our country but the whole world. In other words, the task of the Sagay committee is that it must be the mind and the superego of the war on corruption: it must show that all is not simple and uncoordinated improvisation in Buhari’s war against corruption. If it fulfills this task, the Sagay committed might well show that Nigeria has something to teach the rest of the world in the current global anti-corruption war. I suggest that it must start posing the questions that the government prosecuting team is not asking, thereby enlightening the country and the whole world about the content and the lessons of this epic war against corruption that will, for good or ill, define the epoch we have just entered.

    Obasanjo and his”toothless bulldog” insult to the EFCC

     

    Just at the very historic moment when the EFFC is making far more disclosures about looting in our country and far many more arrests of alleged looters than at any previous period in the country’s history, along comes Olusegun Obasanjo to declare that the EFCC is a toothless bulldog whose bark is worse than its bite. What does he exactly men by this astonishing claim? Should it be regarded as one more instance of Obasanjo’s verbal and political charades that are best ignored completely?

    I confess that I am more inclined to the latter view. Obasanjo loves being in the news; he has a severe case of what could be described as the “relevance anxiety syndrome”. By this, I mean that he is so egomaniacal about his standing in the public affairs of this country that he cannot bear to be out of the view of the public for less than, say, three months at the least.And so since everyone is talking endlessly about the EFCC’s frenetic exposures and arrests of looters, what could be more irresistible for our Babasale of Egomania than to attack and ridicule the EFCC?

    I don’t think we should be satisfied with this response to Obasanjo’s attack on the frontline anti-corruption agency.And this is precisely the point: Obasanjo is attacking the agency, he is ridiculing it because the agency is making all these exposures, all these arrests. From this, we can conclude that Obasanjo is deeply troubled by Buhari’s war on corruption, if indeed he is not directly opposed to it.More insidiously, Obasanjo is perhaps saying that the arrests, the exposures will achieve nothing at all. If that is the case, it is now left to the EFCC and the Buhari administration to give the lie to Obasanjo’s insult by demonstrating that their bite will be as ferocious as their bark. In other words, when and if the convictions and the recovery of stolen loot start happening, the last laugh will be on the Egomaniac of Ota. QED

    Biodun Jeyifo                                                                                                                 bjeyifo@fas.harvard.edu

  • EFCC to quiz top lawyer over £22.5m Abacha loot

    EFCC to quiz top lawyer over £22.5m Abacha loot

    Uncertainty over ‘stolen’ $400m

    There is the  £22.5m (N6.18billion) loot which the late Head of State, Gen. Sani Abacha, allegedly stashed away on the Island of Jersey?

    This is the puzzle the Economic and Financial Crimes Commission (EFCC) is trying to resolve.

    Besides, there is uncertainty over the whereabouts of over $400million Abacha loot on the Island.

    The anti-graft agency may quiz a Senior Advocate of Nigeria, Mr. Damian Dodo, over the cash “any moment from now”.

    Dodo, who spoke with our correspondent last night, said a UK-based lawyer, Erico Monfrini collaborated with a three-man Federal Government team —Dodo, ex-Attorney-General of the Federation Mr. Mohammed Bello Adoke (SAN) and EFCC’s ex- Secretary Mr. Emmanuel Akonmaye.

    A source, who spoke in confidence, said: “We are probing the whereabouts of £22.5m (N6.18billion) loot of the late Head of State, Gen. Sani Abacha which was recovered from the Island of Jersey. The EFCC cannot locate where the money was remitted to.

    “According to records, the late Head of State allegedly stashed the funds through a Lebanese called Bhojwani. But when the Office of the AGF was alerted by a whistleblower, the government of ex-President Goodluck Jonathan opened discussion with the Attorney-General of the Island of Jersey.

    “The AG of the Island of Jersey cooperated fully with the government, leading to the repatriation of the £22.5m. We want to know where the money is; we need records from those involved.”

    Replying  a question, the source added: “We are inviting Damian Dodo, who played a key role in securing the £22.5m (N6.18billion) loot for the Federal Government to give the details.”

    The source said it was unclear if the Jonathan administration collected $400million Abacha loot also stashed on Jersey Island.

    He said:  “There is also uncertainty about $400million Abacha loot on the Island.

    “The government of Island of Jersey pledged to repatriate the stashed funds and even initiatted a process towards that. As I speak with you, no one can account for the $400million.

    “What we have been hearing is that the Government of Island of Jersey was demanding a proportionate part of the funds. Again, there is uncertainty whether the loot was remitted or is diverted or still on the Island.

    “This is why the EFCC team is stepping up investigation into Abacha loot on this tiny island.”

    In a chat with our correspondent last night, Dodo said: “The EFCC was part of the negotiation for the repatriation of the £22.5m (N6.18billion) loot; it should just go through its records instead of calling for my head over nothing. The former Secretary of EFCC represented the commission at every stage of the recovery.

    “The terms of agreement were clearly spelt out and the Federal Government provided the account in which the recovered funds should be paid. At inter-governmental level, the EFCC can ask the Federal Government to contact the Government of Island of Jersey for all transaction records.

    “I have nothing to hide. No repatriation negotiation was done under the carpet at all. We did our best for this nation in recovering the looted funds. The Government of Island of Jersey  wanted the substantial part of the money and we said ‘no’. We said Nigeria needed the money more than the Island of Jersey.

    “ It is just vendetta. I have nothing to hide. They have searched all my accounts in order to find out whether or not I transferred money to Adoke. They could not find anything against me. I think they are after the former AGF at all cost.

    “The EFCC was involved from the beginning to the end, why can’t they check their records instead of scandalising me.”

    On the $400m still stashed  on the Island of Jersey, Dodo said: “They should get in touch with the Government of Island of Jersey.”

    At the opening ceremony of the 8th Edition of the National Seminar on Economic Crimes, which was held at the EFCC training school in Abuja, the ex-AGF alluded to the recovery but he did not give details.

    He said: “Only recently, we negotiated the recovery and repatriation of the sum of £22.5m from the Island of Jersey, being the proceeds of money laundered from Nigeria.

    “I wish to seize this opportunity to commend the Attorney-General of Jersey for the support and cooperation we received and urge other jurisdictions to also extend to us, the much needed cooperation to enable us repatriate stolen assets within their jurisdictions.

    “Our experience has shown that despite international condemnation of corruption and money laundering, many jurisdictions where stolen assets to victim states or impose stringent conditions for its repatriation with attendant negative consequences on victim states.

    “We also intend to vigorously pursue stolen assets and the confiscation of other instrumentalities of crime within the country by strengthening our confiscatory and forfeiture laws.”

     

  • $2.1b arms fund: Soft landing likely for those returning loot, says Sagay

    $2.1b arms fund: Soft landing likely for those returning loot, says Sagay

    Constitutional lawyer and  Presidential Anti-corruption Advisory Committee Chairman Prof. Itse Sagay has hinted of a possible soft landing for treasury looters and corrupt politicians, who return their shares of the $2.1 billion arms procurement and other loot traced to them.

    Sagay, in an interview with The Nation in Warri, Delta State at the weekend, confirmed that some members of the past administration and other beneficiaries of the looted arms money were secretly making refunds.

    He would, however, not disclose names of those making the refunds or how much has been recovered, saying: “If I knew (how much), I can’t tell you.”

    The lawyer affirmed that “a lot of money has been recovered and the result of that is that such people are likely to be given soft landing”.

    Sagay, who was in the oil city for his inauguration as a member of the Olu Advisory Council of Warri Kingdom, added: ”The President is much on course in the struggle, not only against corruption, but in the fight to stabilise this country and repair it for the march ahead towards development. I support what he is doing, because he is doing the right thing.”

    He flayed those who accused President Muhammadu Buhari of making the fight against corruption his sole agenda.

    His words:  “This is a fallacy that I hear all the time. In fact, Buhari is not personally involved in the anti-corruption war. Is he Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and other related offences Commission (ICPC), Code of Conduct? He is not the head of these agencies.

    “There are ministers of Health, Education and others working round the clock so that the totality of governance is being covered and it is being promoted by these ministers and ministries.

    “So many good things are happening and nobody is talking about those. In the next four years, we are going to have a modern and technologically high and scientifically involved society.

    “So many people are working in different areas and he is not involved in the corruption battle. Many of us hardly see him because he is not directly involved, but we know what to do. He has put us, people in position; EFCC people and everybody is involved. That the EFCC is doing an excellent job does not mean that is the only thing going on.”

    On the alleged “padding” of the 2016 Budget, Sagay blamed it on the civil servants, stressing that the Presidency had nothing to do with it. He also traced the problem to the migration from the previous budgeting method to the zero system.

    “These allegations of padding came from the Civil Service, not from the Presidency. And from what I gathered, the President is upset and is determined to punish those responsible.

    “We have been using envelop system for a long time and suddenly the zero sum system was introduced and they are not quite familiar with it. There is some confusion and not all the inconsistencies and disparities were deliberate.

    “It has nothing to do with the President and you should know that he is a man who stands for the truth and whose integrity is known worldwide and he would not do anything that would become an embarrassment to the country,” he said.

  • Lawyer seeks recovery of loot by plea bargaining

    A Senior Advocate of Nigeria, Prince Adeniyi Adegbonmire, has urged the Federal Government to use plea bargain to recover money from corrupt politicians.

    Adegbonmire, a governorship aspirant in Ondo State on the platform of All Progressives Congress (APC), said while offenders should be punished for stealing public funds, there should also be legal provisions to recover the loot.

    He said: “Plea bargaining is a concept that was developed in the Western world, particularly as regards financial crimes; and the idea was that most of those financial crimes are so intriguing that it becomes difficult to disentangle. The white man then decided that, rather than waste so much time, energy and resources prosecuting people, we can actually plea bargain and say, ‘return it for a lesser custodian sentence.’

    “It’s not that you don’t go to jail, but it is a custodian sentence. It is as if a man is tried today and found guilty, there is what lawyers call allocutus; which is, your lawyer would say, ‘he is a first offender, he has never offended.’ So, rather than give him a maximum sentence which may be 10 years, the sentence may be commuted to two years because he has shown remorse and returned money.

    “Don’t forget this: plea bargain means you will still be convicted but because you do not allow us to spend additional money getting the money back from you.”

    “Now if you are able to achieve that without the added cost of prosecution, then it is a lofty idea,” he said.

  • Buhari and the returned loot

    Buhari and the returned loot

    President should focus on bringing looters to book

    President Muhammadu Buhari’s disclosure that some of those who reportedly looted public fund under the Jonathan administration have started returning same quietly to the treasury might have been intended to assure  Nigerians of the government’s seriousness to fight corruption; but it has spurred controversies across the land.

    President Buhari, who gleefully made the announcement in obvious response to insinuations that not much change has been seen or felt since he took over the reins of government, is an indication that he is yet to fully appreciate the depth of the problem, and the demands of democracy.

    The president should realise that he is acting on behalf of the Nigerian state and people whose money was siphoned and misapplied. He therefore owes the people a duty of full disclosure. Who are those who embezzled the funds, thus depriving the people of basic necessities of life, and are now secretly making returns?

    It is also the duty of the president to get the appropriate agencies of government to probe the circumstances and determine how much was actually stolen. It cannot be left for the looters to determine how much to return and when.

    Besides, corrupt enrichment is a crime against the state. It is therefore punishable. It is out of tune with the laws of the land that thieves be shielded. It amounts to encouraging such acts.

    But, in doing this, the president ought to appreciate the limitation to his powers. He is the Chief Executive of the Federation, not the judiciary. All alleged looters should be arraigned before the courts, tried and if found guilty, the penalties spelt out in the statutes should be fully applied. Only then could it be said that corruption is being fought by the Buhari administration.

    It is apposite to ask the government the account into which the recovered money is being remitted. This has become important in view of allegations that some money recovered in similar circumstances in the past could not be traced. In recent times, too, anti-corruption czars have been charged with mismanaging such funds. It behoves the president to apprise Nigerians of everything concerning this. We call on him to put a stop to this surreptitious return of looted funds, and give a full account of what has been so returned. The Federal Ministry of Finance should speak out on the matter.

    We advise that the president to desist from encouraging mere refund of whatever is negotiated behind the doors and refrain from making such comments.

    Nigerians have lost so much. The education system is in a shambles and this has affected the quality of learning, thus impairing development. The real sector of the economy is shrinking daily. As such, the manufacturing sector has, in the past three quarters, recorded negative growth. This has translated to unemployment for the teeming youth and is a threat to the health of the nation. It is certainly a frightening prospect for national security.

    At a time new ministers and other officials of state have just been appointed, and others being considered, the president should not be seen to be condoning corruption in any way. He should remain focused and consistent in presenting himself as having zero tolerance for corrupt practices. Leakages in the system account for more than half the published expenditure yearly. This much was once disclosed by a former chairman of the Economic and Financial Crimes Commission (EFCC), Mallam Nuhu Ribadu.

    Moreover, it is unfortunate that the president continues to make important policy statements and breaks news to the foreign media and Nigerians in the Diaspora. While acknowledging that Nigerians abroad retain their rights, it should be realised that his primary duty is to interact with the people at home who elected him and to whom he is primarily responsible. No other world leader succeeds or expects to succeed by holding his people and critical institutions in contempt.

    The Nigerian media was fully involved in the battle for change that produced him as president. The news that the president would not appoint ministers before September was first broken while on a similar foreign visit, he said ministers are mere noise makers and the civil service should be credited with sustaining governance in the country.

    The battle for cleansing the society should not be left for the president and his team. It is a battle for all patriots. If the anti-corruption war is to be won, we all owe it a duty to the fatherland to scrutinise processes and mechanisms adopted in enthroning new values in the society. In this case, we call on the civil society community, especially the network of organisations involved in the campaign against corruption and those promoting good governance practices to step up advocacy, reminding the president at all times of his pledge to Nigerians during the election campaign.

  • $930m loot: Settlement with the Abachas in national interest, says AGF

    •Insists: ‘Settlement transparently conducted’

    The Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Bello Adoke (SAN) says Federal Government’s settlement with the family of the late Head of State, Gen. Sani Abacha on the $930million loot traced to his accounts was in national interest.

    The negotiation with the Abachas on the matter was also transparently conducted, he maintains.

    Government has come under fire for withdrawing criminal charges against the eldest son of the late Gen Abacha, Mohammed, saying the move smacked of politics all in an attempt to get the backing of the Abachas ahead of next year’s elections.

    But throwing light on the issue, Adoke  said the recovery of the  loot  “is a fitting testimony to the strenuous efforts being made to ensure the sufficient disgorgement of the proceeds of crime to serve as deterrence.”

    He broke his silence on the deal in a document presented at the just-concluded 2014 NBA International Conference in Owerri.

    The document was released to the press yesterday by the Office of the AGF.

    The  recovered loot  includes: US ($550m); Luxembourg ($380m); Voluntary surrender ($750m); Switzerland ($570m); Jersey ($380m); UK ($150m); Liechtenstein ($400m) and Island of Jersey £22.5m (N6.18billion)

    The minister said: “I am aware of the negative commentaries that the settlement generated from those who were ill-informed about the details of the settlement and the underlying imperatives in the national interest.

    “I however wish to reassure the Bar that every aspect of the settlement was transparently conducted and the outcome was in the national interest.

    “The settlement has received commendation across the globe and is being used as model for Case Studies on stolen assets recovery.”

    He advised lawyers “with the penchant for making unguarded and baseless statements in the media to always seek information from appropriate quarters before commenting on issues.”

    On the Boko Haram insurgency, the AGF said the $1billion request pending before the National Assembly was meant to equip the Armed Forces for  “the war against terrorism and insurgency in compliance with the resolutions of the National Assembly while approving a further extension of the Proclamation of the State of Emergency in three North-Eastern states of the country.”

    He added: “There is the need for Nigerians to appreciate that terrorism is a global phenomenon requiring the concerted efforts of all nations of the world. Government has accordingly sought the assistance of other countries, as well as our development partners, to effectively confront this challenge.

    “Equally important is the need to forge a united front to combat the common enemy. Nigerians must remain united in the face of the threat of terrorism.

    “Terrorists would rather have us divided along sectional, religious and political lines as the division would not only help their cause, but also, further diminish our efforts to collectively and effectively wage war against them.”

    The Minister asked Nigerians to take advantage of the Freedom of Information Act to clarify issues from the government.

    He said: “The Office of the Attorney-General of the Federation and indeed all-public offices are open to the public for purposes of obtaining information on government business.

    “The Freedom of Information Act, 2011 remains a potent tool in the hands of those seeking information from public institutions and members of the Bar should take advantage of it.

    “We must discourage the pervading culture of baseless criticism for self-glorification and cheap popularity. We have also made a lot of progress in the implementation of Freedom of Information Act, 2011(FOIA). The initial misgivings that pervaded the public service and the difficulty in coming to terms with the new ethos of open

     

     

  • Looting the loot?

    Looting the loot?

    • Retrieved properties must be tied to certain projects to prevent their being looted again

    What exactly are we doing with stolen public assets either recovered or seized from convicted persons by the country’s various anti-corruption agencies? When such assets are retrieved, so much publicity is done to the delight of a people who are simply numbed by the scale of the massive looting of the treasury at various levels.

    However, an increasingly cynical public is beginning to wonder if the country derives any benefits at all from the recovery of such loot. Since nobody ever gets to know what ultimately happens to the funds, the impression is created that it is a case of loot recovered simply to be re-looted. It is to address this critical issue that the House of Representatives Committee on Drugs, Narcotics and Financial Crimes organised a three-day public investigative hearing to verify the status of all assets seized and recovered specifically by the Economic and Financial Crimes Commission (EFCC) since inception.

    Declaring the hearing open, the Speaker of the House, Mr. Aminu Tambuwal, made the startling revelation that assets recovered or seized by the agency between 2003 and now are valued at approximately two trillion Naira. These include over 200 mansions, large sums of money through 46 forfeiture court orders, landed property, business concerns, bank accounts, shares in blue chip companies, exotic vehicles, fuel stations, holdings, ware houses and shopping malls, among others.

    It is alarming, as the Speaker sadly noted, that most of these properties have fallen into disrepair as a result of vandalism, improper care, abandonment or sheer waste. We agree with Tambuwal when he declared that “We cannot allow a situation whereby over 400 cars seized through the diligence of the EFCC, for instance, continue to rot away. We have a vicarious responsibility to ensure that assets seized through forfeiture court orders are prudentially and carefully managed to avoid waste and to ensure they are maximally disposed of for the benefit of the public”.

    The Federal Government announced with fanfare in 2011, the recovery from the family of the late General Sani Abacha of the sum of 22.5 million pounds (N6.18 billion) stashed away in the tiny Island of Jersey, off coast of Normady in France. Millions of dollars and pounds had been reportedly recovered from the Abacha family during the President Olusegun Obasanjo administration. The question is: what happens to such funds? Are they returned to the treasury? Are they captured in the budgetary process or a dedicated account? The fact that we are asking such questions is a reflection of the opacity that characterises the handling of recovered or seized assets and the opportunity created for such assets to be re-looted.

    Given the gargantuan scale of corruption in the country, Nigeria needs a fundamental, well thought-out policy on retrieved assets. When such massive assets are allowed to lie idle with anti-corruption agencies, it creates a source of temptation for members of such agencies to also enrich themselves at the expense of the public.

    Beyond this, what is the point in spending scarce public resources to recover stolen assets only for such property or monies to either go to waste or be stolen by a new set of looters? Indeed, it would be better for recovered funds to be expended on specific, identifiable and beneficial projects so that the public will become more enthusiastic in their support for the anti-corruption war.

    The House of Representatives should ensure that the EFCC and other anti-corruption agencies have a proper, transparent, accountable and structured system of handling seized or repatriated properties.

     

  • EKSU shut as students loot farm

    EKSU shut as students loot farm

    • Set ICT centre, five vehicles ablaze

    • Over colleague’s death

    The agricultural farm of the University of Ado Ekiti was yesterday looted. About 3,500 birds, 120 crates of eggs, 10 goats, 75 sheep, 25 rabbits, 30 pigs were carted away by students protesting the crushing to death of one of them by a hit and run driver.

    They also torched the institution’s Information and Communication Technology (ICT) Centre and set ablaze at least five vehicles and several buildings in the town.

    The university authorities said the losses might be more and immediately shut down the institution.

    Abiola Teslim Yusuf, a final year student died on Wednesday night of injuries he received after being run over by a vehicle close to Osekita Hostel, an off-campus students hostel in the town.

    The protesting students, about 150, launched out of their rooms early yesterday at the start of what was supposed to be a peaceful protest.

    However, the protest soon took a twist when the burning and looting started.

    The police spokesman in the state, Mr Victor Babayemi, said seven of the students who allegedly partook in the looting and vandalism have been arrested and a search for the fleeing driver commenced.

    The Vice Chancellor of the University, Professor Oladipo Patrick Aina, condemned “the most barbaric conduct displayed by supposedly cultured youngsters.”

    He told reporters that investigation would soon commence into the incident and the culprits brought to book.

    He said the action of the students was capable of jeopardising the on-going infrastructural development in the institution.

    Announcing the immediate and indefinite closure of the institution, Aina said the management, working in concert with internal security officials, would assess the level of damage to buildings and other properties, as well as uncover the extent of the involvement of students and staff.

    Prof Aina was disappointed at the failure of the police to respond to the institution’s distress call before the protest got out of hand.

    He said: “I had called the Police authority at about 7am on Friday to inform them when I got a security report that the students were mobilising for protest over the death of their colleague only for them to come well after the damage had been done.”

    The police denied the allegation with their spokesman, Victor Babayemi, saying they acted promptly.

    The VC said he personally supervised the transfer of the accident victim to the Ikere Ekiti Specialists Hospital for medical attention immediately after the mishap.

     

    He said: “When we realised that his condition was not stable the way we expected, we moved him down to the Intensive Care Unit of the Ekiti State University Teaching Hospital. But on Friday, it was confirmed that he had to be operated upon by experts because he sustained serious head injury and this forced us to take him to the Lagos University Teaching Hospital (LUTH).

    “The student died in Ibadan while being taken to LUTH on Friday. These are our efforts to ensure that he survived even when we have not asked about who was responsible for the student’s death.

    “I even went to Osekita Hostel on Friday shortly before the incident and spoke with the students, but it was shocking and amazing that they had to take to such act after all our efforts. To us, this is unjustifiable action that will be thoroughly investigated.”