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Tuesday, 7 June 2016

Deploy Recovered Funds To Critical Infrastructure, NLC Tells FG



The Nigeria Labour Congress (NLC) has commended the federal government for rendering a transparent account of the recoveries it has made of looted funds.

The congress in a statement by its president, Ayuba Wabba however urged the government to ensure 

that the recovered funds are deployed to critical infrastructure such as roads, power, key industries and other sectors capable of stimulating the economy.

He said the quantum of these recoveries has vindicated NLC’s unqualified support for the fight against corruption and its insistence that more stringent punishment be prescribed for corruption cases.

He said it has similarly exposed the extent of the rot in the system and why virtually everything in the polity failed to work.

He said, “Accordingly, we find it necessary to once again urge the government to deploy these recovered funds to the aforementioned key infrastructure or sectors.

“We also call on the government, in spite of overwhelming challenges, not to relent in its recovery drive and its general fight against corruption, as information reveals that the recovered funds so far are just the tip of the iceberg.

“We at the Nigeria Labour Congress believe the importance of the fight against corruption cannot be overstated for a couple of reasons.

“Certainly, we as a people cannot continue to live like this, except we want to be the laughing stock of the rest of the world.   Similarly, our teeming youth and the army of the unemployed who look onto their country for their means of livelihood, will not fold their hands while a few privileged individuals corner the national resources.”

He said in addition to strengthening the anti-corruption agencies, we call for the establishment of special courts to try corruption case, adding that the judiciary has a big role to play by ensuring timely and speedy disposal of corruption cases.

He also said as more recoveries are made, Nigerians expect more disclosures on not just the funds but how they are used or to be used.

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