Stella Dimoko Korkus.com: EFCC's Magu Reveals N1.3 trillion Was Stolen Under Goodluck Jonathan Govt...

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Tuesday, March 26, 2019

EFCC's Magu Reveals N1.3 trillion Was Stolen Under Goodluck Jonathan Govt...

Ibrahim Magu, the acting chairman of the Economic and Financial Crimes Commission (EFCC), on Monday said at least N1.3 trillion was stolen between 2011 and 2015.




Magu said the money stolen under President Goodluck Jonathan administration was by 32 entities, including private individuals and organisations.

He said this during his keynote address at the 2019 first batch conversion graining programme to procurement cadre for federal parastatal and agencies organised by the Bureau of Public Procurement in Lagos on Monday.


In the address delivered by Ola Olukoyede, EFCC secretary, Magu lamented what the stolen funds could have been used to achieve in Nigeria.

He said: “N1.3 trillion was stolen between 2011 and 2015.the money stolen under President Goodluck Jonathan adminstration was by 32 entities, including private individuals and organisations.

“One third of this money, using world bank rates and cost, could have comfortably been used to construct well over 500km of roads; build close to 200 schools; educate about 4000 children from primary to tertiary levels at N25million per child; build 20,000 units of two-bedroom houses across the country and do even more.


“The cost of this grand theft, therefore, is that these roads, schools and houses will never be built and these children will never have access to quality education because a few rapacious individuals had cornered for themselves what would have helped secure the lives of the future generations, thereby depriving them of quality education and healthcare, among others.

“poor state of procurement process in Nigeria was one of the major reasons why corruption has continued to thrive in government agencies and parastatals.

“I sincerely hope that at the end of this training, we will see a few cases of financial propriety in our procurement processes in government agencies and parastatal.

“Indeed, corruption could kill Nigeria, if we do not scale up our proficiency in contract and procurement management process.”
from dailypost

14 comments:

  1. So how much has been recovered? And where are they? How how has been stolen by this government? If last administration stole 1.3m, then I am afraid this administration may double that figure.

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    Replies
    1. God bless you teejay, I am tired of their stories, it is always about Goodluck's government, what has APC government done and is doing?

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    2. With people like two of you, Nigeria can never move forward.

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    3. Anon 10:53 you don't know it all neither do I or teejay, allow people air their opinion, you won't die if you do

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    4. Teejay the biased man has come. We all know the price of oil under Pdp. Thank u

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    5. so how much has been recovered? this administration only specializes on talking about the sins of the past...wetin una don do?

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  2. Cheap talk. How many schools, houses and other projects have been executed with the funds saved through TSA and recovered loots? Next level gist.

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  3. how much is being stolen under Buhari's administration Stupid EFCC

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  4. Akuko....Tell us the amount stolen by this administration. Criminal Magu.

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  5. Buhari go don really 2.5 trillion

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  6. He should reveal Apc's own too

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  7. Pleasant surprises26 March 2019 at 10:44

    Efcc tootless pitsbull, how much has been stolen under saibaba Buy?? Every time same tune like a broken record.

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  8. Some suffer head people here playing the political/tribal angle when informed that 23 individuals stole N1.3 trillion (about 65 billion dollars). Well, you are already used to the suffering, continue with your comments.

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  9. Okay Magu, thanks for the information and you are recovering it from 419 boys and Petty thieves. πŸ‘πŸΌπŸ‘πŸΌπŸ‘πŸΌπŸ‘πŸΌπŸ‘πŸΌ
    All the theives have defected to APC and are free according to Magu’s boss.

    ReplyDelete

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