Ex-Governors, Businessmen Stole N1.33Trillion In 7 Years – FG

The federal government has given a hint into how Nigerian state governors, ministers, business leaders, public officials and bankers allegedly stole $6.7 billion in public funds in seven years.

Honourable minister of information Lai Mohammed told newsmen on Monday in Abuja that some 1.34 trillion naira ($6.72 billion) was allegedly stolen between 2006 and 2013.

The minister gave a breakdown of the alleged theft as follows:

– 15 former state governors stole 146.84 billion naira

– 11 businessmen took 653 billion naira

– Eight people in the banking industry stole 524 billion naira

– 12 former state and federal public servants made off with more than 14 billion naira

– four former ministers took seven billion naira

“The situation is dire and the time to act is now,” Mohammed said.

He noted that tackling corruption was central to Buhari’s administration but added that it involved everyone.

“This is Nigeria’s war,” he said.

The period in view started towards the end of the second term in office for Nigeria’s first civilian president after military rule, Olusegun Obasanjo. He was replaced in 2007 by Umaru Musa Yar’Adua.

Goodluck Jonathan took over in 2010 when Yar’Adua died in office.