How 15 Former Governors, Others Stole N1.34 Trillion In Seven Years – Lai Mohammed

Minister of Information and Culture, Lai Mohammed, has alleged that some former governors, ministers, businessmen, public servants and bankers stole over N1.34 trillion between 2006 and 2013 in the country.

He made the allegation while speaking at a news conference in Abuja today Jan. 18th.

"Out of the stolen funds, 15 former Governors allegedly stole 146.84 billion naira; 4 former Ministers allegedly stole 7 billion naira; 12 former Public Servants, both at federal and state levels, allegedly stole over 14 billion Naira; 8 people in the Banking Industry allegedly stole 524 billion naira; while 11 businessmen allegedly stole 653 billion naira.

Using World Bank Rates and Costs, one third of the stolen funds could have provided 635.18 kilometres of road; built 36 ultra modern hospitals, that is one ultra modern hospital per state; built 183 schools; educated 3,974 children from primary to tertiary level at 25.24 million per child; and built 20,062 units of 2-bedroom houses.

This is the money that a few people, just 55 in number, allegedly stole within a period of just eight years. And instead of a national outrage, all we hear are these nonsensical statements that the Government is fighting only the opposition, or that the government is engaging in vendetta," he said.