TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

15 ex-govs, 40 others stole N1.34tn in eight years –FG

The Citizen by The Citizen
January 19 2016
in Headlines, Uncategorized
A A
0

The Federal Government has alleged that 55 former government functionaries and top businessmen stole N1.34tn from public treasury in eight years.

Minister of Information and Culture, Alhaji Lai Mohammed, made the allegation at a press conference to announce a National Sensitisation Campaign against Corruption in Abuja on Monday.

Although Mohammed did not disclose the authority for the allegation, he categorised the officials involved in the corrupt practices to include former state governors, ex-ministers, former legislators, civil servants, bankers and other businessmen.

Different government agencies, including the Independent Corrupt Practices and other related Offences Commission, the Economic and Financial Crimes Commission, the Department of State Services and some ad hoc committees have been intensely involved in one investigation or the other since President Muhammadu Buhari assumed office on May 29, 2015.

Mohammed said, “The situation is dire and the time to act is now. Between 2006 and 2013, just 55 people allegedly stole a total of N1.34tn in Nigeria. That’s more than a quarter of last year’s national budget.

“Out of the stolen funds, 15 former governors allegedly stole N146.84bn; four former ministers allegedly stole N7.05bn; five former legislators allegedly stole N8.35bn; 12 former public servants, both at federal and state levels, allegedly stole over N14.18bn; eight people in the banking industry allegedly stole N524bn; while 11 businessmen allegedly stole N653bn.

“What do these figures translate to in the actual sense? In other words, what is the cost of these stolen funds to Nigerians? Using the 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 N25.24m per child; and built 20,062 units of two-bedroomed houses.

“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.”

He urged Nigerians to get involved in the war against corruption.

Mohammed said everyone that had been soiled in the pool of corruption would go in for it no matter the party affiliation, adding that Buhari’s war on corruption was neither a one-man show nor a political vendetta.

He said, “Let’s take the latest issue of the $2.1bn arms deal as an example. One thing is clear. Funds meant to fight terrorism were deployed in another fight, the fight to keep the then President Goodluck Jonathan and his party, the PDP, in power at all costs.

“So far, based on what we know, no one, who has been accused of partaking in the sharing of the (arms purchase) funds, has denied receiving money. All we have heard from them are ludicrous reasons why they partook in the sharing of the money.

“One said he collected N4.5bn for spiritual purposes; another said he received N2.1bn for publicity, while yet another said he got N13bn to pay someone else for the Maritime University land.

“Based on these revelations, should we now fold our hands and allow these people to go away with public funds? Is anyone thinking about the innocent soldiers, who lost their lives just because they did not get the necessary weapons to fight the terrorists? What about the families left behind by these soldiers, who were sent to their early graves because of the misappropriation of these funds?.

The minister added, “Talking about the costs of corruption, gentlemen, it is time we brought into perspective what corruption has done to our nation, our people and our international image; how corruption stifles economic growth, hinders the fight against poverty, leads to decay in infrastructure and reduces educational standards, lowers life expectancy, stunts the fight against maternal and infant mortality and impacts negatively on the general livelihood of the citizens.

“Irrespective of your political, religious or tribal leanings, and not minding whether you belong to the APC, PDP, SDP or Labour Party, if you have stolen public funds, you must not go scot-free. Everyone and every arm of government must rise up to be counted in this epic war and defeat is not an option, if our country is to survive.’’

Some Nigerians, however, believed they should not just be informed on the magnitude of the amount looted but demanded that the identities of the looters should be made public while those found to have taken part in the sharing of such money be made to refund the funds stolen, be prosecuted and jailed accordingly.

Lagos-based lawyer, Mr. Jiti Ogunye, said, “These are incredible figures of what has been stolen from our public treasury. We advise, however, that the issue of theft of our collective patrimony is a law enforcement issue, it’s a criminal issue, it’s a prosecution issue, it’s ultimately adjudication issue. In other words, Nigerians are not particularly interested in these figures.

“Nigerians have the right to know and need to know what has gone wrong in the past, what is going wrong now and what may go wrong in the future. But we want a credible prosecution process such that these 55 Nigerians, who stole money, can be brought to trial and those who are undergoing trial can have their trials re-visited urgently under the new Administration of Criminal Justice Act so that those trials can come to an end and the loots recovered and put to good use in the interest of the public.

“The recovered loot should not be re-looted like the funds recovered from Abacha.”

In his reaction, the President of Committee for Defence of Human Rights, Mr. Malachy Ugwummadu, also advised the government to be more interested in the prosecution of the suspects and the recovery of the loot.

Ugwummadu, a lawyer, said, “He (Lai Mohammed) is not a court of law. He should join forces with law enforcement agencies, which have the exclusive responsibilities of collating credible evidence.

‘‘The idea of running to town with figures of stolen money like a crown crier is not expected of government.’’

An elder statesman, Dr. Tunji Braithwaite, as well as the Executive Director, Civil Liberties Organisation, Ibuchukwu Ezike, said Nigerians were tired of wild allegations without seeing the looters being brought to book.

Braithwaite said, “People are fed up with wild allegations from this government. Not long ago, Buhari came out to announce that he had the list of individual corrupt persons, who had looted the Nigerian treasury. Up untill now, we haven’t seen anything.

“I take the allegation with a pinch of salt until and unless he publishes the names and takes action.’’

Ezike, on his own, stated, “When government makes allegation about corrupt people, we are no longer interested except we begin to see these people being investigated and prosecuted and the money recovered from them made public to the Nigerian people and have this money transparently expended in the interest of Nigerians.”

Executive Chairman of Coalition Against Corrupt Leaders, Mr. Debo Adeniran, said though the minister was correct, the revelation by him should culminate in the prosecution of the suspects.

He, however, reiterated that Lai Mohammed’s revelation alligned with the belief that only one per cent of Nigerians enjoyed 99 per cent of the nation’s commonwealth.

He said, “Lai Mohammed is correct. Now that this has been published, Nigerians are interested in addressing the issue through the judicial process.

“Nigerians are interested in the case such that even if the suspects escape justice, they are able to ostracise them and shame them.” Agency report

 

 

Previous Post

Boko Haram not holding any territory in Nigeria presently – Buhari tells Ban Ki Moon

Next Post

Active telephone lines in Nigeria now 152m – NCC

Related Posts

Pres. Tinubu swears in two new ministers
Headlines

Tinubu orders arrest, suspends three perm secs as ICPC uncovers new fake agency

August 21 2026
93 percent of inmates are state offenders, half don’t need jail — Interior Minister
Headlines

FG declares Tuesday public holiday for Eid ul Mawlid

August 21 2026
US Congress okays bill to cut foreign aid to Nigeria
Headlines

FBI asks US court to keep records on Tinubu drug trafficking probe secret

August 21 2026
DSS rejects foreign funding for proposed security trust fund
Headlines

DSS alerts Sokoto as terrorists target tertiary institutions

August 21 2026
Governance

States get special N435bn for security, infrastructure

August 21 2026
Auto Draft
Headlines

Presidency, OPS kick against Atiku’s petrol subsidy push

August 21 2026
Next Post

Active telephone lines in Nigeria now 152m – NCC

Gov. Ugwuanyi is committed to stability of grassroots administration in Enugu State - SSA Media

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Adeleke chairmen seize Osun LG secretariats

Adeleke chairmen seize Osun LG secretariats

by The Editor
August 18 2026
0

...

APM sweeps Bauchi LG poll, wins all 20 chairmanship seats

APM sweeps Bauchi LG poll, wins all 20 chairmanship seats

by The Editor
August 18 2026
0

...

Lagos Council defies NLC directive to skip Pro-Tinubu Group inauguration

Lagos Council defies NLC directive to skip Pro-Tinubu Group inauguration

by The Editor
August 12 2026
0

...

Federal High Court relocates Lagos division to new complex

Federal High Court relocates Lagos division to new complex

by The Editor
August 6 2026
0

...

APPOINTMENTS

Tinubu names new Head of Service

Tinubu names new Head of Service

by The Editor
August 19 2026
0

...

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

by The Editor
August 8 2026
0

...

Police IG deploys new CPs to eight states, other formations

Police IG deploys new CPs to eight states, other formations

by The Editor
August 7 2026
0

...

Katsina governor swears in four permanent secretaries

Katsina governor swears in four permanent secretaries

by The Editor
August 6 2026
0

...

ODDITIES

Man sets mother on fire in Cross River over witchcraft accusation

Man sets mother on fire in Cross River over witchcraft accusation

by The Editor
August 20 2026
0

Celestial Church begins probe into Temitope Osoba’s death

Celestial Church begins probe into Temitope Osoba’s death

by The Editor
August 13 2026
0

Indimi joins appeal against $43.5m judgement award to daughters

Indimi joins appeal against $43.5m judgement award to daughters

by The Editor
August 6 2026
0

GLOBAL NEWS

UK warns citizens against travel to 28 Nigerian states over terrorism, kidnap risk

UK warns citizens against travel to 28 Nigerian states over terrorism, kidnap risk

by The Editor
August 21 2026
0

...

Country of Particular Concern: We cannot remove Nigeria’s CPC tag — US Congressman insists

Country of Particular Concern: We cannot remove Nigeria’s CPC tag — US Congressman insists

by The Editor
August 21 2026
0

...

Canada flags Nigeria, 16 African countries as high-risk in new travel advisory

Canada invites 1,000 candidates to apply for permanent residence

by The Editor
August 20 2026
0

...

Trump threatens to bomb Oman

Trump threatens to bomb Oman

by The Editor
August 18 2026
0

...

Putin defies Trump with second nuclear weapons test

Russia summons Japan ambassador over disputed islands row

by The Editor
August 18 2026
0

...

State of the States

Gov. Otu bows to pressure, orders release of detained critic Odama

Gov. Otu bows to pressure, orders release of detained critic Odama

by The Editor
August 20 2026
0

...

2027: Makinde to unveil APM presidential campaign council Friday

Oyo declares Thursday work-free for 2026 Isese day

by The Editor
August 19 2026
0

...

Gov. Adeleke deposes Oba Joseph Oloyede, Apetu of Ipetumodu

Account Freeze: Adeleke orders Osun Attorney-General to withdraw suit against EFCC

by The Editor
August 18 2026
0

...

Lagos leads January 2026 FAAC allocations with N55.83bn

Sanwo-Olu inducts 1,000 as Lagos internship beneficiaries hit 8,000

by The Editor
August 13 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Pres. Tinubu swears in two new ministers

Tinubu orders arrest, suspends three perm secs as ICPC uncovers new fake agency

August 21 2026
Lives of All Nigerians Carry Equal Value: ICADAR responds to Senate, House calls for reconsideration of Police withdrawal from VIPs

Northern senators renew call for state police

August 21 2026
Afenifere denies endorsing Buhari’s re-election

Afenifere raises alarm over attacks on farmers in South-West

August 21 2026
Police rescue 75 kidnapped travellers in Kaduna

Police rescue 75 kidnapped travellers in Kaduna

August 21 2026

EDITORIAL REVIEW

BREAKING: Kidnapped Oyo pupils, teachers regain freedom

Terror victims deserve care – Punch

by The Editor
August 21 2026
0

Unfilled tertiary education spaces debacle – Punch

Unfilled tertiary education spaces debacle – Punch

by The Editor
August 20 2026
0

Reps in rowdy session over motion to summon Tinubu

Accounting for recovered assets – Punch

by The Editor
August 18 2026
0

Stop recruiting youths for election violence – Punch

Stop recruiting youths for election violence – Punch

by The Editor
August 12 2026
0

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Country of ghost workers, ghost MDAs – Punch

by The Editor
August 11 2026
0

Opinion

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Adeleke’s win and the cost of winning at all costs

Adeleke’s win and the cost of winning at all costs

by The Editor
August 18 2026
0

...

Airtime credit dispute and need for clarity

Airtime credit dispute and need for clarity

by The Editor
August 5 2026
0

...

Tinubu swears in four Permanent Secretaries, INEC commissioner

Tinubu: The Audacity to Hope – Three years after

by The Editor
July 31 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.