Categories: Financial Crimes

Corruption: Looted funds buried at cemeteries, says Gov. Umahi

Ebonyi State Governor David Umahi yesterday disclosed that many looted funds from Nigeria were trapped in foreign banks, while some were buried at cemeteries.

He spoke in Abakaliki at the opening of the anti-corruption, ethics and integrity training for local government officials.

The governor said: “We have so much of the looted funds trapped in foreign banks, some buried at the cemetery while many were buried underground where they were destroyed by termites.

“But if there is a negotiation like committing the looters into subtly surrendering at least 70 percent of the looted funds and keeping the rest or investing all the funds in the country, by so doing, we would have recovered the money and made use of it.”

The Citizen

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