Skip to content
PanafricReporters
Menu
  • Home
  • About Us
  • Politics
  • Entertainment
  • Contact Us
  • Privacy Policy
Menu

1.3trn STOLEN UNDER EBELE JONATHAN,SAYS EFCC BOSS

Posted on January 1, 2022 by admin
The acting chairman of the apex anti corruption body, Economic and Financial Crimes Commission (EFCC) Ibrahim Magu has revealed that the sum of N1.3 trillion was stolen under the watch of former President Goodluck Ebele Jonathan. Magu who gave the figure during his keynote address at the 2019 first batch conversion training programme organised by the Bureau of Public Procurement (BPP) said the money was stolen between 2011 and 2015. He added that the money was stolen by 32 entities, including private individuals and organisations during president Ebele Jonathan’s administration. “One third of this money, using world bank rates and cost, could have comfortably been used to construct well over 500km of roads; build close to 200 schools; educate about 4000 children from primary to tertiary levels at N25million per child; build 20,000 units of two-bedroom houses across the country and do even more for the country” says the EFCC boss. “Poor state of procurement process in Nigeria was one of the major reasons why corruption has continued to thrive in government agencies and parastatals. “Indeed, corruption could kill Nigeria, if we do not scale up our proficiency in contract and procurement management process,” he submitted.

Related

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Rep.Buba Congratulates Prof.Nyandaiti on Secondment to Oversee FMC,Hong, Assures Him of Support, Goodwill of the People
  • Rep Buba Commends FERMA’s Urgent Intervention on Collapsed Bridge, as Constituents Hail Lawmaker’s Effective Representation
  • Insecurity Will be History When Elected as President- Adewole Adebayo
  • COLLEAGUES, SUPPORTERS, FRIENDS AND FAMILY FETE REP. BUBA AT 54
  • Ebonyi Landslide: FG Approves Reconstruction Of Retaining Walls, 65 Houses To Be Relocated
©2022 PanafricReporters | Design: Newspaperly WordPress Theme