Editorial Team

Emmanuel Udom-Managing Editor, Stephen Dijo Philemon-Deputy Editor, Janet Udom-Senior Correspondent, Precious Udom-Senior Correspondent, Williams Ita-Bureau Chief(Akwa Ibom/Cross River), Fabian Idoko-Senior Correspondent
  • ABURIGHT NIGERIA COMPANY

    Manufacturer's Representative Import Export General Merchandise Contract Adress: Araromi Quarters, Owode Area, Ifo, Ogun state, Nigeria P.O.Box 2632, Oshiodi, Lagos Telephone: 2348166719412

    Sunday 30 November 2014

    Nigerians embezzled N1.354tr in nine years –NGOs


    By Emmanuel Udom Snr Correspondent, Lagos 
    Independent investigations conducted by two non-governmental organizations (NGOs) have revealed that Nigerian government officials, workers with corporate bodies and others embezzled N1.354 trillion in the last nine years.
    Stop Impunity-Nigeria Campaign and The Yar’Adua Foundation lamented that such embezzlement took place while 80 per cent of Nigerians live below the poverty line on less than $1 a day.
    Executive Director, Media Rights Agenda (MRA), Edetaen  Ojo, who stated this in Lagos, said the alleged looting occurred between 2003 and 2012, even as the Nigerian government seems to be helpless in tacking corruption.
    According to him, extensive investigations across all levels and states in Nigeria by the two NGOs showed that the public servants at the local, state and federal levels embezzled N6.91 billion within the period under review.
    He said: “The private sector, especially the bankers, allegedly embezzled N524.56 billion; former governors, N146.8 billion, and business persons, N653.15 billion”.
    The MRA boss also alleged that the nation’s former legislators took another chunk of the national cake by embezzling N8.35 billion from the public funds, while former ministers made away with N7.05 billion during the period.
    He lamented that due to poor funding of the anti-corruption agencies, diminished media and public interest, weak prosecution and compromised court officials, only one conviction was recorded, even as he said that the onslaught on the commonwealth seems to have no end.

    No comments:

    Post a Comment

    Contact Form

    Name

    Email *

    Message *