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Africa Subsaharan
Nigeria: Three People Stole U.S.$3 Billion Under Jonathan
2018-05-03
[All Africa] Vice President Yemi Osinbajo on Tuesday allegedly revealed that three persons stole $3billion under the administration of former President Goodluck Jonathan
... 14th President of Nigeria. He was Governor of Bayelsa State from 9 December 2005 to 28 May 2007, and was sworn in as Vice President on 29 May 2007. Jonathan is a member of the ruling People's Democratic Party (PDP). He is a lover of nifty hats, which makes him easily recognizable unless someone else in the room is wearing a neat chapeau.Other than that he's pretty useless as the Boko Haram debacle shows..
Osinbajo, who spoke at The Platform, a programme organised by the Covenant Christian Centre with the theme: 'Get Involved,' said: "Grand corruption remains the most enduring threat to our economy. Just to give an example, $3 billion was stolen from what was called Strategic Allowance Contract sometimes in 2013. Three Nigerians were responsible.

"Today, $3billion is N1trillion. Our entire budget, and budgets are estimates not actual cash, is N7trillion. So, three people made away with N1trillion and our entire budget is N7trillion.You cannot wonder why the economy will not struggle?

"When oil in our country was selling at $100 - $113 a barrel, the government as at then spent N15 billion on transportation, and agriculture got N14 billion. All these ministries mentioned got N139 billion. Today, the oil prices is between $60 and $70, Power, Works and Housing can get N450 billion, transport got N80 billion, agriculture got N65 billion and the total is N560 billion.

"How come we can do more with less income? How come we are able to invest in infrastructure? How come we can do the Lagos - Kano standard gauge railway, the Manbila hydro, the Second Niger Bridge with 60 per cent less income? The truth is, if you can control corruption, you can do more with less."

Posted by:Fred

#3  This is what the US is becoming. As a start, I would have our US House and Senate legislators spend 90% of their time in their home states. The internet could be used for communication on mundane maters before major votes. This would be the first step in draining the swamp!
Posted by: Omavinter Angomoth2433   2018-05-03 13:45  

#2  "Hello, I am the son of the Late Strategic Allowance Contract Administrator. I am having an offer to share with your good honesty the sum of $2 Billion ...."
Posted by: Frank G   2018-05-03 10:39  

#1  And what's being done to recover that $3 billion?
Posted by: Raj   2018-05-03 10:33  

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