Audit of looted funds should be total

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IT is coming late in the four-year life of this regime, but the setting up of the Audit Committee on the Recovery and Management of Stolen Assets, ACRMSA, by President Muhammadu Buhari is a welcome development.

The expectation was that as soon as the government took over in 2015, it would start its anti-graft crusade by setting up this audit committee to inquire into the proceeds of assets recovery efforts under previous regimes. From there the panel would keep track independently of all newly recovered funds and assets and keep the government and members of the public regularly informed.

Because of the absence of an audit Nigerians have been bombarded with all sorts of spurious and real claims by government officials in a manner that has made it impossible to keep track of the real achievements recorded. Government officials have been at the forefront of creating this…



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