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Buhari Signs Executive Order To Freeze Looters’ Assets

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President Muhammadu Buhari has, on Thursday, signed an executive order to freeze assets of individuals indicted in corruption matter and other pertinent offences in the country.

President Buhari signed the Executive Order No. 6 of 2018 tagged “On the Preservation of Assets Connected with Serious Corruption and Other Relevant Offences” in a low-key ceremony in the Council Chamber of the Presidential Villa, Abuja.

Speaking during the event, Buhari said:

“I am delighted to welcome you all to this very important occasion which is another milestone in the fight against corruption – a project that is very crucial to the viability and continuous well-being of this country.

“Whilst there are many reasons why Nigeria has been struggling; regrettably, the most unfortunate cause of great disparity between Nigeria’s wealth and its poverty is endemic corruption.

“There is also a very strong link between corruption, peace and security.

“Unfortunately, corruption is everywhere; at all levels of government, and every stratum of our society.

“Without doubt, corruption constitutes an unusual and extraordinary threat to the well-being, national security, and economy of Nigeria.

“Mindful of this serious challenge, as you are all aware, before coming into government, this administration specifically promised Nigerians that it will address the challenges facing our nation in the three areas of (a) Security, (b) Economy and (c) Corruption.

“As a government, and in furtherance of our anti-corruption programme, we have since inception engaged in multi-sectorial reforms on anti-corruption including the enforcement of Treasury Single Account (TSA), strict implementation of the Bank Verification Number Policy, Signing of the Open Government Partnership, and a lot of efforts have gone into building and development of our anti-corruption institutions among others.”

The President Buhari-led administration had premised his campaign promises on fight against corruption but suffered serious blow when Transparency International release indices showing that corruption is winning the fight.

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