How 15 ex-govs, 40 others stole N1.34tn from the country between 2006 and 2013 – FG reveals with a Table

According to reports, the Federal Government on Monday painted graphic details of the monumental corruption that rocked country in the past, declaring that 55 privileged Nigerians stole N1.34 trillion from the treasury between 2006 and 2013.

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The period in question covered the last three administrations of former President Olusegun Obsanjo, late Umar Musa Yar’adua and Goodluck Jonathan.

The Minister of Information and Culture, Alhaji Lai Mohammed, who made the disclosure at a briefing with the media House Bureau Chiefs in Abuja, said all the 55 are in court facing trial.

stealing

He appealed to the judiciary to help speed up the cases.

He said, “The situation is dire and the time to act is now. For example, between 2006 and 2013, just 55 people allegedly stole a total of N1.34 trillion in Nigeria. That’s more than a quarter of last year’s national budget! Out of the stolen funds, 15 former governors allegedly stole N146.84 billion, four former ministers allegedly stole N7billion, 12 former public servants, both at federal and state levels, allegedly stole over N14billion, eight people in the Banking Industry allegedly stole N524billion and 11 businessmen allegedly stole N653 billion.

“Now, what do these figures translate to in the actual sense? In other words, what is the cost of these stolen funds for Nigerians? Using World Bank Rates and Costs, one third of the stolen funds could have provided 635.18 kilometres of road, built 36 ultra modern hospitals, that is one ultra modern hospital per state, built 183 schools, educated 3,974 children from primary to tertiary level at 25.24 million per child and built 20,062 units of 2-bedroom houses.”

He also described reports that the current anti-corruption war was lopsided as erroneous and nauseating.

He added, “There is the erroneous impression out there that the war against corruption is a vendetta against the opposition, and that it is one-sided. This is not true and indeed very nauseating.

“This is the money that a few people, just 55 in number, allegedly stole within a period of just eight years. And instead of a national outrage, all we hear are these nonsensical statements that the government is fighting only the opposition, or that the government is engaging in vendetta.”

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28 Comments

  1. From Lagos to Rivers to Kwara state how.much them steal?

    Only 15 governors outta 36 states abii?

    Lie Lai Don come.again… all of them na thieves.

  2. I am beginning to think that the reason why these people in power are crying is not because they are trying to fight corruption but because there is no money for them to steal due to empty treasury and fallen oil price.
    It’s like a case of arriving late at a village festival; you discover that meat and soup has finished only fufu remain.

    I will take ya all serious when I see people being given 50 years jail term.

  3. This democracy dey tire me abeg… shocked embarassed cry
    How i wish we were in military regime, all these cases will have been decided since. Under three days those found wanting will be cooling their heels in kirikiri, properties sold and cash recoup to fund our budget.
    Buhari should buckle up!

  4. The best regime to handle this country back to it normal status, is the military regime that will kill all this curropt leaders away

    • I tell you the military is not better. They started all this corruption in Nigeria. They steal with impunity. We must start casting our votes wisely and electing intelligent persons that have economic and sociopolitical agendas. Tell your people in the villages etc to stop collecting 2 cups of rice and 1 cup of salt. vote wisely and hold elected accountable.

  5. Any doubt that something is terribly wrong with us, as a people? If this is true, then baba God should close shop finally in Nigeria. How docile and stupidly accomodatiing can one be? In other climes, the people would have risen in unity to call the leadership to accountability. But here, the same forces are still hailed as heroes and defended while religious leaders keep vigil for them in places of worship! NIgerians, think again. The whole world must be wondering what kind of specie we are.

  6. Hmmmm! President’s didn’t steal atal? I wonder why they derive pleasure in fooling us. God will help us tho. Make we siddon dey watch.

  7. Lai let’s us not translate your name to laying Mohammed.Were these people not headed by Presidents?How much was taken by their Presidents?

  8. Correct talk,release names and let them face the music by jail them for years.If anybody found guilty collect their properties sold and recoup money back to finance mini full projects .

  9. I think is time we all wake up from our sleep, there are elements of truth in this story and we all know it.let not be one sided but face the truth. They should all be brought to book, let them face the music Enough is Enough

  10. Vanity upon Vanity, all is vanity,Vanity absolutely. May God strengthen PMB administration to take Nigeria to an enviable height.

  11. Docile Nigerians…lily-livered Nigerians…big-mouthed shouting Nigerians…extremely evil-accommodating Nigerians…there were so much violence & street protests in Guinea in the 80s when cost of bread was increased by some centimes, some few kobo equivalent…so much dat within 24 hours, the evil increase was reversed! Herein Nigeria, mumus de sit down & lament 4ever! Mumu-Nigerians rise up & shake off ur yokes!

  12. Democracy is enslaving its own people. We copy this style of government from the western world and it’s not working well for us.. Why???!!!!

  13. Have you noticed something in the lives of many of these looters. There is always a terminal disease they battle with , all the days of their lives. This terminal disease eventually sends them to early grave.

  14. It is abhorrent for some Nigerians to support this heist.
    Those throwing innuendoes at Buhari are mortgaging the future of their children.

  15. No comment. I’m a bit surprised that some people are alarmed by this . Its only a mini revelation of a common story, which I believe virtually everybody knows, including elementary school kids. Its the action taken after this veiled revelation that will determine what my own comment would be.

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