Nigeria’s Senate President, Dr. Bukola Saraki has expressed dissatisfaction over the manner in which funds and property recovered from corrupt persons and practices were being looted by the nation’s anti- graft agencies.

Speaking at a retreat tagged “Strategic Retreat on Tracking the Progress of Anti-Corruption Bills in the National Assembly” in Abuja on Tuesday, Dr. Saraki said the inability of the agencies to account for some of the recovered funds was the major reason some foreign countries do not have confidence in the nation to repatriate stolen funds stashed in their banks.

Saraki said: “In related matters, Nigeria is finding it difficult to convince other nations to return funds looted from our treasury. This is because of the other nations’ exasperation over the management of returned assets.”

“Only recently, Mr. President inaugurated a committee to audit all assets recovered by various government agencies. An ad hoc committee of the Senate which is investigating some administrative infractions in the Executive, has discovered that many properties recovered from a fugitive from the law have not been accounted for by the investigating agency.

 

“This gives the global community great concern about the commitment of Nigeria to the anti-corruption drive. We must work hard to erase this global impression because it is not a representation of who we are,” he added.

He expressed the commitment of the Senate to ensuring that all anti-corruption related bills, including the Proceeds of Crime Bill and the Money Laundering Prevention Bill which raised serious constitutional issues would be ironed out and passed into law without further delay.