15 former governors, 4 ministers, others stole N1.34tr in 8 years – Lai Mohammed

Lai Mohammed, Minister of Information, Culture and Tourism Development has revealed that state governors, ministers, business leaders, public officials and bankers stole $6.7 billion (N1.34 trillion) in public funds within seven years.

While addressing journalists on Monday in Abuja, Lai Mohammed gave a breakdown of what was allegedly stolen between 2006 and 2013.

He said: “Out of the stolen funds, 15 former Governors allegedly stole 146.84 billion naira; 4 former Ministers allegedly stole 7 billion naira; 12 former Public Servants, both at federal and state levels, allegedly stole over 14 billion Naira; 8 people in the Banking Industry allegedly stole 524 billion naira; while 11 businessmen allegedly stole 653 billion naira.”

“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.”

“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 said.

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