Nigerian Coat of Arms
The Federal Government on Monday, January 18, through the Minister of Information, Lai Mohammed said that fifty-five privileged Nigerians stole N1.34 trillion from the treasury between 2006 and 2013.
It was gathered that the period of the looting spans the last three administrations of former Presidents Olusegun Obsanjo, the late Umaru Musa Yar’Adua and Goodluck Jonathan.
Lai Mohammed, who made the disclosure yesterday at a media briefing in Abuja, said all the 55 were in court, being tried in the last eight years. He urged the judiciary to speed up the cases. Mohammed said: “The situation is dire and the time to act is now.
For example, between the period 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 N7 billion; 12 former public servants, both at federal and state levels, allegedly stole over N14 billion; eight people in the banking industry allegedly stole N524 billion; while 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 two-bedroom houses.”
Mohammed also described the report that the current anti-corruption war was lopsided as “erroneous” and “nauseating”.
According to him, “there is the erroneous impression out there that the war against corruption is a vendetta against the opposition and that indeed 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.”
Mohammed explained that “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.
See the list below...
WHAT 55 PEOPLE STOLE (2006 -2013)
CATEGORY NO OF CASES AMOUNT INVOLVED
EX-GOVERNORS 15 146,840,800,000.00
EX-MINISTERS 4 7,050,000,000.00
EX-LEGISLATORS 5 8,350,000,000.00
EX-PUBLIC SERVANTS 7 (Federal) 6,906,600,000.00
EX-PUBLIC SERVANTS 5 (State) 7,275,000,000.00
BANKING INDUSTRY 8 524,560,000,000.00
BUSINESSMEN 11 653,150,000,000.00
GRAND TOTAL 55 1,354,132,400,000.00
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