Nigeria News: As Looters Deny Their Loots

Nigeria News takes a look at the denial of loots by many of the public assets looters in Nigeria as EFCC goes hard after them.


It sounds nice that many of the public assets looters are denying ownership of it now. This was revealed by President Muhammadu Buhari himself.


If I may quote from the popular Bible verse, “For what profits a man if he gains the whole world but loses his own soul?” It seems the looters are not ready to lose their souls here by denying ownership of their loots.


If I should put it rightly, the public funds’ thieves in Nigeria really want to save their skins by taking one of the evasive ways to deny themselves of the worldly gains.


I think it would have been better for the looters to do restitution of their loots instead of waiting for the Federal Government to run after them. Must the government spend money again to fish out looted assets, which of course have no “owners?


A lot of funds is being allocated to the various anti-graft agencies, including the police to uncover stolen funds and properties belonging to the government.


The operatives of the Economic and Financial Crimes Commission, EFCC and the Independent Corrupt Practices and Related Offences, ICPC go out on a daily basis to unearth stolen assets and stashed funds, spending a lot of money to do this but only to learn that the owners denied it.


Except for the former first lady, Patience Jonathan and the former Minister of Petroleum Resources, Diezani Allison-Madueke that had owned up on acquiring some of the looted public properties, almost all other suspects had been denying the allegation.


It is pathetic that a civil servant will own 10 houses in Abuja, two in Kaduna and one outside the country, possibly in Dubai or the United States, only to deny whenever those properties are uncovered.


And for those who stole public funds, the judicial process has been so slow that none of them is yet to be fully prosecuted with judgment pronounced to serve as a deterrent to others.


It has to be a plea bargain with some of them agreeing to have stolen with the resolve to refund the loots. Even the $2.1 billion arms funds that were shared among politicians and diverted for electioneering campaign by former President Goodluck Jonathan is yet to be recovered.


One of the looters, the former Publicity Secretary of the Peoples Democratic Party, Olisa Metuh had to storm the court in a stretcher two weeks ago. His Nollywood escapade made the court to adjourn the case.


Another beneficiary of the arms scam, the former Minister of State for Defence, Senator Musiliu Obanikoro is currently warming up to return to the Senate under the ruling APC. It is laughable.


When members of the Emirate of Daura, the country home of Buhari paid him a visit, the president said that there was an increasing rate of denials by looters.


To me, denial is not innocence. The government must bring all looters to book to show sincerity in the fight against corruption. True, democracy is a slow process, the present leadership must show some urgency to work with the judiciary in ensuring that justice is done on looting.

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