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Nairaland Forum / Nairaland / General / Politics / Democracy Rogues: Politicians, Civil Servants, Generals Steal N38tn In 17 Years (443 Views)
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Democracy Rogues: Politicians, Civil Servants, Generals Steal N38tn In 17 Years by okdluxresh(m): 7:00am On May 29, 2016 |
Democracy Rogues: Politicians, Civil Servants, Generals Jointly Steal N38tn In 17 Years Read the index & see which administration got the highest looters>>>http://www.newsflashngr.com/democracy-rogues-politicians-civil-servants-generals-jointly-steal-n38tn-in-17-years/ Nigeria has lost over N38tn through mismanagement, embezzlement and money laundering under successive administrations since democracy returned in 1999; estimates have shown. The figures were drawn from findings by anti-graft agencies and investigative panel reports on major economic scandals and financial crimes in the country in the last 17 years. The investigation, which covered the Olusegun Obasanjo, Umaru Yar’Adua and Goodluck Jonathan-led administrations, showed that most of the stolen funds have not been accounted for. Of the over N39tn lost in the country’s economy, crude oil theft, official corruption and electoral campaign funding were responsible for a larger percentage of the loss. The exchange rate of N130 to a dollar was used in the conversion of funds under the Obasanjo-led administration while N150 was adopted for those under the Jonathan-led administration, being the average official rates during the tenures. Read the rest here>>> http://www.newsflashngr.com/democracy-rogues-politicians-civil-servants-generals-jointly-steal-n38tn-in-17-years/#sthash.yJcdCOYW.dpuf
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Re: Democracy Rogues: Politicians, Civil Servants, Generals Steal N38tn In 17 Years by mysteriousman(m): 7:04am On May 29, 2016 |
Ok |
Re: Democracy Rogues: Politicians, Civil Servants, Generals Steal N38tn In 17 Years by talktonase(m): 7:07am On May 29, 2016 |
Why be say this yam no gree reach my side... |
Re: Democracy Rogues: Politicians, Civil Servants, Generals Steal N38tn In 17 Years by Mynd44: 7:12am On May 29, 2016 |
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