A report by Thisday has revealed that there is a bit of tension in the Presidential Villa as President Muhammadu Buhari has issued a query to the attorney-general of the federation and minister of justice, Abubakar Malami (SAN), over some allegations leveled against him.
In the query issued, the president asked the minister to respond to an allegation that he refused to recover N300 billion allegedly hidden in some Nigerian banks after his attention was drawn to the money by Dr George Uboh and his company, Panic Alert Security System (PASS). The president’s action is in response to two letters of complaint written against Malami by Uboh and his company, PASS, accusing the minister of frustrating efforts to recover already identified funds.
Responding to the query, Malami denied the allegation and pledged his commitment to recover all stolen money in line with the position of the Buhari administration. He claimed he revoked the mandate he gave to PASS and Uboh to recover the monies because Uboh went beyond the mandate given to him y his office.
The minister’s reply which was dated Monday, April 4 2016 with Reference Number HAGF/SH/2016/Vol.1/20, described Uboh’s allegations as untrue and baseless. Uboh had accused the minister of deliberately frustrating him his effort to recover over N300 billion his company, Panic Alert Security Systems (“PASS”) allegedly traced to some Nigerian banks.
Part of the letter read: “In demonstration of my firm commitment to the recovery efforts of the government, I gave PASS a letter titled: TO WHOM IT MAY CONCERN dated 17th February, 2016, introducing PASS to the aforesaid banks/financial institutions.
“The aforesaid Letter of Engagement dated 9th February, 2016 and the subsequent Letter of Introduction dated 17th February, 2016 (“HAGF Letters”) were given to PASS on the firm understanding that PASS had already identified and/or traced specific FGN funds stashed/trapped in the aforementioned banks and that PASS would promptly embark on processes that would lead to actual recovery and remittance of the traced funds into the designated account of the FGN in line with the proposals submitted, presentations made and the terms contained in its letter of 9th February, 2016.”
Meanwhile, President Buhari will soon disclose the actual amount of funds so far recovered from those who looted the treasury during the last administration.
According to a report earlier today, the president will use the upcoming Anti-Corruption Summit in London, which he will be part of, to reveal the details.
In a related development, Socio-Economic Rights and Accountability Project (SERAP) said the November 2015 decision of the World Bank to release “patently insufficient information” on the spending of Abacha’s loot is improper. SERAP urged the World Bank to make public details of all projects claimed to have being carried out using the recovered loot.