Okonjo-Iweala Is To Blame For Nigeria’s Financial Situation – Buhari

The President-elect, Muhammadu Buhari, says those seeking political appointments in his administration will be forced to declare their assets before taking office and before leaving. Buhari said this during an interview with Sahara TV on Sunday.

He said this would encourage accountability and reduce corruption.

He said, “All those that were governors, ministers, permanent secretaries, head of foreign staff and all those with political appointments will have to declare their assets on the assumption of their appointment and definitely with the courts. And once they leave they have to re-declare their assets.”

Buhari, who insisted that last-minute defectors would not be given appointments in his government, promised not to interfere with the judiciary in the fight against corruption but would strengthen the nation’s justice system.

He stated that his administration would not “become embroiled in investigation of every ministry, and then the government will not have time to move forward.”

The President-elect slammed the Minister of Finance, Dr. Ngozi Okonjo-Iweala, for the depletion of the Excess Crude Account.

Okonjo-Iweala had said a significant portion of the billions of dollars drained from ECA over the past two years was distributed to governors instead of being saved for a rainy day

However, Buhari said the finance minister’s excuse was not acceptable.

“I’m afraid the finance minister has no cause to complain because the governors cannot force the central government to act outside the constitution,” he said.

On the contentious issue of oil block ownership and an equitable distribution of the country’s wealth, he suggested that partisan politics in Nigeria was the cause of the uneven distribution in the oil sector.

Buhari said that he wanted to formalise the oil sector in the country.