Stella Dimoko President Buhari Explains What Will Happen To Unclaimed Looted Assets


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Tuesday, February 20, 2018

President Buhari Explains What Will Happen To Unclaimed Looted Assets

President Muhammadu Buhari has said all unclaimed looted assets, including landed properties recovered by the Federal Government, would be sold and the proceeds deposited into government treasury.

Buhari disclosed this on Monday while addressing members of Daura Emirate coalition who paid him a condolence visit at his residence in Daura, Katsina State.

The President noted that many suspected looters of government resources had been denying ownership of their ill-gotten properties and assets across the country.

According to the News Agency of Nigeria, Buhari stated that he was not surprised by the increasing number of those denying ownership or disclaiming the properties traced to them by the various anti-corruption agencies.

He said “Some years back one of my schoolmates in the primary school who worked at a cottage company before his demise predicted that we will come to a situation when looters will deny their loots in Nigeria.

“So as a civil servant, you have 10 houses in Abuja and even in Kaduna and abroad, the more you show them the properties the more they will swear that it does not belong to them.

“And we are still following the process, you know democracy you have to follow due process and respect the rule of law.

“If you are following you will hear that some of these looters were arrested, and for those who deny their loots, then instead of what happened before, this time around we will sell those stolen properties and the proceeds will be deposited in government treasury,’’

“If the money is in the government treasury I will see who will come back after we left and reclaim them.”

Buhari, however, pledged that government would ensure availability of fertilizer and other farm inputs to farmers to sustain the successes recorded by the farmers in the previous farming seasons.

“Please tell Nigerians that we are trying our best, and I thank God, the rainy season is blossom, we will try to add more money to farmers, and ensure the availability of fertilizer and other farm inputs.

“We will also continue to reconstruct roads and railways and provide electricity and we promise we will continue to do so.’


  1. You are indeed fighting corruption.

  2. Ofcourse now! It belongs to Nigeria not to the looters so pls go ahead.

    Chikito's fan

  3. So who will they sell to if not themselves? Who can afford to buy such houses if not they themselves? Efcc and government officials or friends of the looters are the same people who will buy those houses. And probably resell back to the original looters underground. Who is fooling who??How does this benefit the masses?


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