REVEALED.!.! see why presidency has refused to exposed looters of country fund

No – VP Osinbajo says releasing the names of
persons of looters may jeopardize ongoing
investigations
– He said government is adopting twin
strategy in dealing with oil installation
attacks
– Osinbajo added that FG wants average
Nigerians in Niger Delta to benefit from
resources
Vice President Yemi Osinbajo
Releasing the names of persons from whom
the federal government has recovered looted
funds and assets may jeopardize ongoing
investigations, the Vice President Yemi
Osinbajo, SAN, has said.
While the government released a list of sums
of monies and assets already recovered in
the last one year, names of individuals
involved were not included.
“We have released the list of recovered loot,
we know people are are asking for the names,
but releasing the names may jeopardize
ongoing investigations,” the Vice President
said today at the Presidential Villa during a
meeting with a delegation of the European
Union led by the EU Ambassador in Nigeria,
Mr. Michel Arrion.

The Vice President also explained that the
federal government is engaging leaders and
people of the Niger Delta regarding the
spate of attacks on oil installations in the
area, an act he stated amounts to economic
sabotage. But besides reaching out to the
people in the area, government is also
beefing up security he assured.
According to him, the focus of the Buhari
presidency “is to ensure that the man on the
street in the Niger Delta receives the benefit
from all that is available there,” while calling
on the leaders in the region to be
accountable to the people.
Prof. Osinbajo added that government is
working round the clock to minimize the
losses arising from the attacks, adding that
“we are talking, we are ensuring that
we minimize losses and we are stepping up
security. We are also engaging the
international oil companies, IOCs, to see what
options exists.”
On economic issues, the Vice President
restated government’s commitment to drive
its diversification policy and encouraged
investors from European countries to take
advantage of the situation especially in the
agro-allied/processing industry.
He restated the determination of
the administration to ensure that the ease of
doing business ranking in Nigeria goes up by
at least 20 steps in the World Bank rating.
To this end, he said the President has
approved the composition of a Presidential
Commission on the matter to be chaired by
himself, the VP, and Industry, Trade &
Investment Minister, Dr. Okey Enelamah as
Vice Chairman.

“In the next few months, we should be
seeing some changes,” he promised.
Earlier Ambassador Arrion said he came to
hold consultations with the Vice President as
a follow-up on President Buhari’s meeting
with EU leaders during his visit to the
continent, adding that “Nigeria has a huge
market we can invest in. It is also a place
we can export from.”
Both the Vice President and the European
Union Envoy also discussed the EU trade
deal with ECOWAS, the Economic
Partnership Agreement, EPA, which was also
one of the main issues tabled at the meeting
of West African leaders over the weekend in
Dakar.

Recall that the Muhammadu Buhari-led
government r evealed that N78,
325,354,631.82; $185,119,584.61;
£3,508,355.46 and €11, 250 had been
recovered from alleged looters.
According to the FG, the funds were
recovered separately by the Economic and
Financial Crimes Commission, the Office of
the Attorney-General of the Federation;
Independent Corrupt Practices and other
related Offences Commission and the
Department of State Services.

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