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Breakdown of how N1.34trn was stolen by governors, others in 7 years – Lai Mohammed

Nigerian state governors, ministers, business leaders, public officials and bankers allegedly stole $6.7 billion in public funds in seven years, information minister Lai Mohammed said on Monday.

Mohammed told reporters in the capital, Abuja, that some 1.34 trillion naira ($6.72 billion, 6.15 billion euros) was allegedly stolen between 2006 and 2013.

“The situation is dire and the time to act is now,” he added.

Giving a breakdown of the alleged theft, Mohammed claimed:

– 15 former state governors stole 146.84 billion naira

– 11 businessmen took 653 billion naira

Continued here

 

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