Politicians loot USD110 Billion from the country every year

Recently, the Director of United Nations Office on Drugs and Crimes (UNODC), Tim Daniel, revealed that Nigeria loses $110 billion annually to treasury looting. According to him, the country cannot boast of tremendous development because of the large amount of money being siphoned out of government and taken outside the country.

Saturday Sun’s findings reveal that Daniel hit the bull in the eye. Every ministry, government’s agency and parastatal corporation have been discovered to be involved in the looting spree. Indeed, during her first anniversary as Chairman of Economic Finance and Crimes Commission (EFCC), Mrs. Farida Waziri noted that former governors, ministers and members of parliament alone have stolen N285billion in this political dispensation.

source:
http://sunnewsonline.com/webpages/news/national/2009/aug/22/national-22-08-2009-01.htm

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Posted: at 22-08-2009 05:13 PM (15 years ago) | Gistmaniac

politicians stop looting money out?
i dont think nigerian politicians can stop that but the citizens.

Posted: at 1-05-2012 11:04 AM (13 years ago) | Upcoming

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Posted: at 8-08-2012 09:39 AM (12 years ago) | Hero