Suffering Nigerians: Whither Looted Funds??


The Federal Government of Nigeria (FGN), under the leadership of President Muhammadu Buhari (PMB), has made bold its promise to publish the list of recovered funds from individuals and corporations that corruptly enrich themselves from our commonwealth, albeit without the identity of the looters. Though the government is already receiving condemnations by some and applause by others, it is undeniably a commendable step in the right direction.

In the report, the government claimed they recovered a total of close to 1.2 trillion Naira including about 126 billion Naira in cash and 1.9 trillion in assets. Without beating about the bush, what most citizens will be interested in, is how the recovered commonwealth will benefit the suffering, sick, hungry, impoverished, and dying peoples of Nigeria.

For PMB and the leading party, All Progressives Congress (APC) to make the doubters believe, they have to immediately make funds available to impoverished states for them to offset salaries of suffering civil servants, make funds available for infrastructural development that will create employment, and allocate some funding to education and health.

The easiest methodology will be within the next 1-2 weeks to have the FGN plough 10% of the cash into savings, 40% for Federal infrastructures (including road construction, education, and health) and the 50% (or 60 billion Naira) balance directly to states to meet some of the unpaid civil servant salaries, initiate infrastructures that will create employment and touch people directly. This means that each state should be made to identify what can touch ordinary people immediately. At a minimum, every state should get 1 billion Naira. The funds that will go to states should be monitored directly from the federal level to ensure transparency. When this happens, Nigerians may start to believe that the promised changed has started happening.