Osinbajo said corruption, which had been in the country for many years, contributed a lot to the economic challenges affecting Nigeria.

Explaining that the Federal Government was investigating a $15bn defence contract, Osinbajo stated that the disappearance of such an amount would lead any country into hardship.

The Acting President, who spoke in Port Harcourt on Tuesday during a town hall meeting with the members of the All Progressives Congress, also attributed the country’s current economic woes to the continued attack on the nation’s oil facilities.

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