President Muhammadu Buhari on Friday explained why his administration was yet to release names of corrupt former officials of the past administration who voluntarily surrendered their loot.

Speaking in Abuja at this year’s edition of the annual Osigwe Anyiam-Osigwe Foundation Lecture, President Buhari said “any disclosure now may jeopardize the possibility of bigger recoveries”.

Mr. Buhari said, “As I stated recently, a good number of people who abused their positions are voluntarily returning the illicit funds. I have heard it said that we should disclose the names of the people, and the amount returned.

“Yes, in due course, the Central Bank of Nigeria will make information available to the public on the surrendered funds, but I must remark that it is yet early days, and any disclosure now may jeopardize the possibility of bigger recoveries.

“But we owe Nigerians adequate information, and it shall come in due course. It is part of the collective effort to change our land from the bastion of corruption it currently is, to a place of probity and transparency.”

During his speech given at the International Conference Centre at Abuja, the President said “Even in my earlier years in service to our country, I had personally identified the destructive impact of corruption. Taken from the narrow perspective of the embezzlement of public funds, its social consequence of gross economic inequality alters the basis for social peace and security”.

Speaking on the  War Against Indiscipline (WAI) Campaign of his military regime , Buhari said “when given the opportunity to play a leading role in our national history in 1984, we acknowledged that corruption is not just about the embezzlement of public funds but that the perversion of our consciousness and mindset was the point at stake. This was the basis of our WAR AGAINST INDISCIPLINE (WAI) – Indiscipline in any way and manner is a form of corruption of the human essence. That was why we waged campaigns against indiscipline, and its many manifestations in the 1980’s during my tenure as Head of State of our great Nation”.

Sadly in this season, we find ourselves in a Nigeria where indiscipline has been taken to an unprecedented level. The rule of law is grossly perverted, and corruption has been elevated to a way of life at all strata of the society. In striving to reorder our country and put it on the path of recovery, we have thus identified the need to tackle corruption head-on. In this regard, we have taken steps towards recovering a reasonable amount of the money that was looted or misappropriated from public coffers. Investigations are ongoing on public officers who served, or are still serving, and those whose conduct are questionable will be compelled to accept the path of honour and surrender their loots.

A full transcript of the Presidents speech can be read at: http://www.premiumtimesng.com/news/194973-why-we-are-yet-to-disclose-details-of-corrupt-officials-returning-stolen-funds-buhari.html