We Will Use Returned Loots To Develop Nigeria - Osinbajo
Nigeria's Vice President, Professor Yemi Osinbajo, says the Federal Government will use all monies returned to the government by those who looted public treasury judiciously utilised to develop the country.
Professor Osinbajo gave the assurance on Wednesday in Abuja at a town hall meeting organised by the Nigeria Television Authority (NTA) and Daria Media with support from the MacArthur Foundation.
He spoke on the Muhammadu Buhari administration's fight against corruption.
The town hall meeting tagged: “The Candidates” is a two-hour televised series between the Presidential and Vice Presidential candidates of four leading political parties in Nigeria.
The parties were selected from the results of multiple polls aggregated by the Centre for Democracy and Development (CDD).
The Vice President, however, said that the Federal Government had been able to block channels of looting the nation's treasury through the Treasury Single Account (TSA).
He said that all returned looted funds would be used following budgetary process, saying that, in the case of property, ones there was a final forfeiture, such property (asset) become the property of the state unless where there was a legal claim to it.
He, however, said that the mere fact that someone returned monies acquired through illegal means while holding public office did not make him a free person.
This, Osinbajo said, was especially so as some of such persons could still be facing investigation.
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