55 Nigerians stole N1.4 trillion during Obasanjo, Yar'Adua and Jonathan's regime - Buhari's anti-corruption
The Presidential Advisory Committee Against Corruption (PACAC), has revealed that about N1.4 trillion was stolen by top government officials and businessmen under the last three administrations.
Chairman of PACAC, Professor Itse Sagay made this statement in Abuja at the conference on Promoting International Co-operation in Combating Illicit Financial Flows and Enhancing Asset Recovery to Foster Sustainable Development, Vanguard reports.
The PACAC chairman said that the figure of looted funds under the administrations of Olusegun Obasanjo, Umar Yar'Adua and Goodluck Jonathan was much higher when fuel subsidy scam, billion arms purchase scam, hundreds of millions of dollars taken from the Nigerian National Petroleum Corporation by a former minister to bribe election officials in 2015, were taken into consideration.
In his address, Acting President Yemi Osinbajo, said that the federal government would sanction banks that aide illicit financial flows from the country. According to him, it would not have been possible to divert the volume of funds in question from public organizations without the involvement of banks. Meanwhile, Acting president Yemi Osinbajo has vowed that the current administration will fight for return of looted funds abroad. The acting president made this vow during a conference on return of recovered assets and combating illicit financial flows.
