Skip to content
September 15, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • NDDC, EFCC Probe: Corrupt political appointees have abused our trust in them  – Buhari
  • National News

NDDC, EFCC Probe: Corrupt political appointees have abused our trust in them  – Buhari

Admin July 31, 2020
apc uk

President Muhammadu Buhari

President Muhammadu Buhari

President Muhammadu Buhari on Friday in Abuja reacted for the first time on the allegations of corruption leveled against the leaderships of the Economic and Financial Crimes Commission (EFCC) and the Niger Delta Development Commission (NDDC).

The president, who spoke after observing his Eid prayers at the fore court of the presidential villa, observed that some appointees of the government in both his administration and the previous one have abused their trust.

He, however, expressed delight that some stolen assets are being recovered, sold and proceeds put into the Single Treasury Account (TSA), which is inaccessible to the corrupt persons involved.

When asked how he felt about recent revelations coming out from the EFCC and the NDDC, President Buhari said:

“There has been abuse of trust by people trusted by previous administration and this administration”.

“A number of assets have been recovered and some money”.

“But we have introduced TSA where all the monies are taken and I said asset should be sold and the money be put through TSA so that it can be identified at any level and I will see who will come after us and take it back again to those who misappropriated public funds.”

While assuring that all past and present cases would be fully investigated, he said: “This is why we put the commission (of investigation) in place.”

He stressed that all of such cases would be uncovered and firmly dealt with by his government.

The Senate and House of Representatives are currently investigating how the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) allegedly squandered N40 billion within few months.

The Presidency had instituted a Presidential Probe Panel headed by retired Justice Ayo Salami to investigate allegations of gross misconduct against the suspended acting Chairman of the EFCC, Ibrahim Magu. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: EFCC Muhammadu Buhari NDDC

Post navigation

Previous Loan: China will help Nigeria fail then target NLNG – Ononuju
Next Insurgency: Nigerians know we’ve done our best – Buhari

Related Stories

Gunmen ​‌‌‌⁠‍‍⁠⁠‌‍⁠⁠​‍‌⁠​‌​kill 9 in passenger bus attack in Plateau Ekiti abductors
  • National News

Gunmen ​‌‌‌⁠‍‍⁠⁠‌‍⁠⁠​‍‌⁠​‌​kill 9 in passenger bus attack in Plateau

September 15, 2026
N51.8m Job Scam: Cross River Cancels Recruitment, Clears 821 Applicants Court sacks Cross River lawmakers
  • National News

N51.8m Job Scam: Cross River Cancels Recruitment, Clears 821 Applicants

September 15, 2026
Ned Nwoko emerges BusinessDayTop 10 Senators of the 10th National Assembly
  • National News

Ned Nwoko emerges BusinessDayTop 10 Senators of the 10th National Assembly

September 15, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Gunmen ​‌‌‌⁠‍‍⁠⁠‌‍⁠⁠​‍‌⁠​‌​kill 9 in passenger bus attack in Plateau Ekiti abductors
  • National News

Gunmen ​‌‌‌⁠‍‍⁠⁠‌‍⁠⁠​‍‌⁠​‌​kill 9 in passenger bus attack in Plateau

September 15, 2026
He is not from Yewa’ — Ex-Ambassador Marcus-Bello challenges Yayi’s ancestry, dares him to debate
  • Politics

He is not from Yewa’ — Ex-Ambassador Marcus-Bello challenges Yayi’s ancestry, dares him to debate

September 15, 2026
Professor Ibiyemi Olatunji-Bello: The Woman Who Bent a University Toward Excellence, By Olabode Opeseitan
  • Commentaries

Professor Ibiyemi Olatunji-Bello: The Woman Who Bent a University Toward Excellence, By Olabode Opeseitan

September 15, 2026
Tinubu Endorsement: How 600 university academics opened the 2027 early election rigging scheme
  • Commentaries

Tinubu Endorsement: How 600 university academics opened the 2027 early election rigging scheme

September 15, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.