All looted property will be sold to the public – Buhari

President Muhammadu Buhari has promised that all recovered property from looters would be sold and the proceeds remitted to the Federal Government coffers.

President Buhari who spoke in Kano on Thursday during an interactive session with community leaders and stakeholders in the state held in Coronation Hall, Kano Government House, also reaffirmed his determination to wage war against corruption.


  • According to him, that property that would be sold would be served will serve as a deterrent to politicians who are in the habit of swindling the country.
  • The president said that the rationale behind the decision was to avoid the previous mistake he made when he confiscated stolen property as Head of State and did not auction them.
  • Public office holders involved in sharp malpractices would incur the wrath of God,” he added.
  • According to him, “those assigned into public positions of trust were mortals, they will transit and appear before their creator to answer for the misdeeds carried out while holding forth the position entrusted in their care by the populace.”
  • He lamented that “corruption and corrupt practices have assumed a frightening dimension,” pointing out that since assumption of office, his administration has invested handsomely in the fight to curb corruption
  •  Buhari also alleged that “from 1999 to 2014 Nigeria exported over two million barrels of crude oil daily at the cost of 100 USD, the monies realised were squandered and looted. They failed to save for the future and this is where we are today.”
  • Those who ruled Nigeria without vision and looted the nation’s treasury are the same people boasting that they will displace the APC government and return to office. We will wait and see, if they think Nigerians are ignorant, they have the guts of declaring their intention to reclaim office,” Buhari stated.
  • President Buhari cautioned the opposition camp to be ready to respond to questions from Nigerians on how they governed for 16 years without genuine development.
  • President Buhari, however, thanked Kano people for their warm reception and promised to play his own part in the continued development of the state that gave him the highest votes of over two million in 2015 elections.

The Emir of Kano, Mallam Muhammad Sanusi 11 raised the alarm that, “danger is lurking ahead over the massive importation of cheap beverages into the country. I urge the Federal Government to do something urgently to stop this ugly trend.”

He further called for the review of the Economic Community of West African States (ECOWAS) charter, saying the liberalisation agreement of cross-border trade does not favour Nigeria as massive smuggling of sub-standard products such as rice, textile materials, beverages have continued to kill the nation’s economy.

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