55 persons stole N1.4trn under Obasanjo, Yar’Adua, Jonathan – Sagay



The massive looting of public funds during the administrations of former Presidents Olusegun Obasanjo, Umaru Yar’Adua and Goodluck Jonathan came to the fore, Monday, as top government officials and businessmen were said to have illicitly enriched themselves with public funds, amounting to over N1.35 trillion.


The Chairman of the Presidential Advisory Committee Against Corruption, Prof. Itse Sagay, disclosed this in Abuja at the conference on Promoting International Co-operation in Combating Illicit Financial Flows and Enhancing Asset Recovery to Foster Sustainable Development.

Citing a study, Prof. Sagay said that the corruption captured in the study related to only six years (2006- 2013).

The PACAC chairman said that the figure of looted funds in the period under review was much higher when fuel subsidy scam, billion arms purchase scam, hundreds of millions of dollars taken from the Nigerian National Petroleum Corporation by a former minister to bribe election officials in 2015, were taken into consideration.

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