Monday, 3 October 2016

FG CHASES PROCEEDS OF STOLEN CRUDE IN FAR AWAY UNITED STATES

The tools of forensic audit, currently applied to track various shiploads of stolen crude spanning perhaps the last ten years, have always been available. It is not as if someone suddenly discovered Pythagoras Theorem and we are shouting "Eureka!"
The only way Nigerians like me would take this current exercise with any seriousness is if and only if the government produces a comprehensive list of our big men and women who headed the NNPC, DPR, Nigerian Navy, the Nigerian Security and Civil Defence Organisation, the Nigerian Police especially the Marine Commands etc. A no-holds-barred forensic audit must then be extended to these individuals whose networth in billions of US Dollars kept rising from no visible economic activities, while the theft was taking place. It is not exactly rocket science determining the nature of laundromat services rendered to them by our banks. When it suits it, the Buhari administration has shown that this can be done. Anyone in doubt should go talk to the immediate past CEO of Fidelity Bank. Other examples abound.
There is enough in Nigerian law books to slap racketeering charges on these individuals, and of course the seizures. Corruption must not be construed to mean just stealing from the federation account.
I would not be surprised if the crooks, (if indeed they are indicted), would have among themselves some 100 lofty Nigerian National Honours to boot. . What a depressing thought.

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