Government officials looted N273.9bn from pension funds between 2005 and 2011, Minister of Information and Culture, Alhaji Lai Mohammed, has said.
The minister said this while delivering the Distinguished Guest Lecture of the Faculty of Arts, Obafemi Awolowo University, Ile-ife, on Friday, according to statement issued by his Special Assistant on Media, Mr. Segun Adeyemi.
Mohammed cited the pension fraud as one of the numerous high profile cases of corruption that had occurred in the country in recent times.
He drew a link between corruption and under-development, and noted that corruption had under-developed Nigeria and condemned the citizens into perpetual poverty
To buttress his assertion, the minister listed numerous cases of corruption, including N1.9bn Special Intervention Ebola Fund Scandal; the Police Equipment Funds scandal in which about N774m was diverted; the Dasukigate that has so far revealed that 21 individuals benefitted from the scam to a tune of 54bn; the pension scam, in which top government officials in charge of pension funds in the country looted about N273.9bn from 2005 to 2011 and the fuel subsidy scam, in which Nigeria spent N2.587trn on fuel subsidy in 2011, 900 per cent more than the N245bn that was appropriated for that purpose.
He called on the citizens to form coalitions that will galvanise their individual efforts to tackle corruption, saying there was a role for everyone in tackling graft. The minister said once the people were determined to battle corruption, they were assured of victory. Click to signup for FREE news updates, latest information and hottest gists everyday
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From 2005. If the probe is started I will not be surprised if your son is indicted.That is how all of you and your families and in laws continue to loot Nigeria while parading yourselves as saints.Na todu.Nigerians don't wife now. Before na Abacha loots was the refrain. Where is the recovered loot? It is a case of a thief stealing what has been stolen. Who is fooling who? So you people should face the task of governance cos election is over. Enough of propaganda Mr lai.
ReplyDeleteWe are tired of ur How dis How dat without any prove.
ReplyDeleteAll this is niger delta oil wealth that is being used to feed us that we are then stealing. Why would it not be stolen? That is what happens to ill gotten wealth or wealth we do not suffer to get as it is not our areas that is being threatened with Odi masacares or pollution or the risks of violence from militants. Nigeria is such a wicked nation and cannot change due to the wicked selfishness and not concern for the oppressed.
ReplyDeleteMr. Minister is this your government all about stolen funds?. Pls get to work or resign. I have not seen your government doing ground breaking or commission.the looted you recovered tell us what you are using it for. Stop all this noise
ReplyDeletestory everyday. past review won't help us. just do the right thing and prove this administration will not steal.
ReplyDeleteTo think is to create he who knows how to think will know how to live. You people are making irrelevant comments.if Apc did not stop this corruption in our dear country now,please when do u think Nigerian will have good orientation on how to govern the people. Most of you didn't know that this party are planning for you and your offspring's. It's a pity for u that sound ignorance of what is the truth. Very irritating when I see comments. Like this.
ReplyDeleteThank you my brother, all these people that, talking rubbish are Igbo the rebels. They are all opposite people. They are not happy for their chief looter the ex-president Jonathan was push out. We must floush them out from the North and South west. They are dubious animals. They don't know their roots. They are 419, fakers etc. I hate them.
DeleteSharaap ur dirty mouth....must u kall igbos in evertin...please get a life....u guys should keep complaining of funds looted or not looted...keep d home video on,we are watching....4 years will soon come and go....mtsheeew
DeleteSir! Please go and work! All this throwing figures about! Probe and prosecute and leave all this noise!
ReplyDelete