Recovered loot: FG should publish names — SERAP

THE Socio-Economic Rights and
Accountability Project, SERAP, yesterday hailed
the publication of the list of recovered funds, but
insisted that the Federal Government should
publish names of those involved.

Beside, SERAP, charged the government to channel the funds for concrete projects for positive
development towards the establishment of a
culture of transparency and accountability in
government.

In a statement by its Executive Director, Tokunbo
Mumuni, SERAP, said publishing the names of
high-ranking public officials involved will be in
line with international standard, recognizing that
naming those involve will shame them and
prevent future occurrence and also discourage
any form of looting or re-looting of the
recovered funds.

To use the funds appropriately, the body called
on President Muhammadu Buhari to set up a
mechanism with a view to ensuring that it is
applied in a transparent and accountable
manner.

In stated: “The recovered funds must be spent to
directly benefit Nigeria’s most vulnerable
populations particularly to improve their access
to quality education, healthcare including for
children, women and the elderly, and regular
and uninterrupted electricity supply.

''It will be a double jeopardy for victims of
corruption if recovered funds are re-looted, as it
was the case with Sani Abacha recovered loot.”