Nigeria: N40 Trillion Stolen From Country in 13 Years
By Kehinde Akinyemi, 29 August 2012
Abeokuta — Former National Assembly member, Sen. Femi Okurounmu has said that N40 trillion was stolen by the country's leaders between 1999 and now.
Okurounmu in his paper at a town hall meeting organized by the National Patriotic Movement in Abeokuta yesterday said in the 39 years period between independence in 1960 and the return to civil rule in 1999, the World Bank and UN officials estimated that over $400, that is N64 trillion was stolen from Nigeria. "The extent of government's tolerance of corruption or even the encouragement of it is illustrated by the fact that out of the 54 incidents listed in the records just given to you, only in four cases were the culprits sentenced to imprisonments in Nigeria", he said.
Copyright © 2012 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com).
To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.