DOLLAR-NAIRA
Looting Hits N1.354 Trillion in Nine Years in Nigeria-MRA
By Emmanuel Udom, Lagos
As the Muhammadu Buhari anti-corruption war hits the ground running, a non-governmental organization, has come out screaming on the monumental looting of public funds by corrupt politicians, corporate bodies and government agencies.
Media Rights Agenda says between 2003 -2012, a whopping 1.354trillion was embezzled in the country.
Edeatan Ojo, Executive Director, MRA is lamenting that justice is fast losing the fight against impunity in Nigeria, as extensive investigations conducted by his NGO revealed the monumental looting of our collective treasuries in the last nine months.
His words: The breakdown showed that public servants at the local, state and federal levels allegedly embezzled N6.91 billion, the private sector, especially the bankers N524.56billion, former governors, N146.8billion and business persons, N653.15billion.
According to him, former legislators allegedly carted away N8.35billion meant for the public while former ministers in the country embezzled N7.05billion, during the period under review.
However, due to poor funding of the anti-corruption agencies, diminished media and public interest, weak prosecution and compromised court officials, only one conviction was recorded, even as he said that the embezzlement seem to be continuing.
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