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.