Lai-Mohammed


IN just eight years, a hefty theft by public officials allegedly depleted the nation’s treasury by about N1.3 trillion. The money was stolen between 2006 and 2013 by 55 Nigerians.
Out of the amount, N146.84 billion was allegedly stolen by 15 former state governors, N7 billion by four former ministers while N14 billion was stolen by 12 former public servants both at the federal and state levels.
Also, N524 billion was allegedly stolen by eight people in the banking industry while 11 businessmen allegedly stole N653billion.
These disclosures were made by the Minister of Information and Culture, Alhaji Lai Mohammed, yesterday in Abuja. He said that the stolen funds, using the World Bank’s rates and costs could have provided 635.18kilometres of roads, built 20,062 units of two-bedroom houses, 36 ultra modern hospitals, 183 schools and educated 3,974 children from primary to tertiary levels at 25.24 million per child.

Guardian

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My name is Ademola Babatunde,the former Student Union President of Polytechnic of Ibadan. I have created this blog to give you top class news on politics. Enjoy and God bless

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