Exclusive: Politicians, Military Chiefs, Civil Servants In Desperate Move To Hide Looted Funds

Exclusive: Politicians, Military Chiefs, Civil Servants In Desperate Move To Hide Looted Funds
August 18 17:41 2015 Print This Article
Political officer holders including former military chiefs in the country are secretly moving out their stupendous wealth hitherto hidden in major banks in the country to private properties, farms and other secrete locations in the country from the prying eyes of security agents.
Our correspondent gathered that the move was triggered by the pronouncement made by President Muhammadu Buhari, on assumption of office, on May 29, 2015, as president that his government will investigate corrupt public office holders as well as business moguls who aided public officers steal trillion of the nation’s resources.
The message sent fear into the minds of former ministers, presidential aides, military chiefs, top civil servants as well as businessmen who do business with the Federal Government  as majority of them have resorted to  desperately means to hide their stolen monies and property in secret locations across the country.
Source told Frontiersnews that some banks in the country are witnessing huge withdrwals following this development and are said to be making frantic efforts to halt such huge withdrawals to avoid the banks from crashing.
A top security source told our correspondent, on condition of anonymity that people have resulted to hiding monies in water tanks, in their farms, and abandoned property to avoid been traced by security agents.
The source said that some of the service chiefs recently retired  are under investigations by security agents on the directive of President Buhari on their involvement in the management of the huge resources in the prosecution of the Boko Haram war.
The source who hinted that the president was angry over the mismanagement of the funds dedicated to the fight against Boko Haram by the retired service chiefs noted that if anyone of them is found to have fraudulently stolen money meant for the anti-insurgent war, they may face prosecution.
Our correspondent gathered that some of the retired military chiefs are changing the documents of their assets and property to other names not in anyway linked to them to avoid the wrath of the Buhari government.
Some of the former service chiefs it was gathered are hiding exotic cars such as Lamborghini, Ferrari, Bentley, Mercedes Benz G-Wagoon and Rolls Royce cars they acquired while in office in their girl friends and concubines houses in different locations across the country to avoid them been traced to them.
A top Presidency source told Frontiersnews, on Tuesday that  Nigeria “is going back to the days when people dig holes in there sitting rooms to hide looted funds. People who are in this class are employing every available means to hide whatever they have stolen from the government in dug out pits and trenches as well as all manner of secrete places”.
The source however added that “the Buhari government is determined to recover any money stolen from government coffers by whoever no matter the place they hide them. Security agents are trailing past and present public officers who are on the federal government watch list and I can assure you that President Buhari will recover the last kobo from them”.
Since the inception of the Buhari government, federal permanent secretaries have been taking turn to brief him on the activities of their ministries and we gathered that the president told the civil servants to quickly round off their briefing to enable him constitute his new cabinet in September.
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