yungcrae:
According to Punch News Nigeria - Source

Nigeria has recorded illicit financial outflows of $217.7bn in 38 years, specifically between 1970 and 2008, the Economic and Financial Crimes Commission, said in Abuja on Wednesday.

The commission stated that the various investigations, arrests, prosecution and assets recoveries over the years had confirmed that the level of corruption in Nigeria had been truly staggering.

The Acting Chairman of EFCC, Ibrahim Magu, represented by its Acting Spokesperson, Tony Orilade, expressed these views at a one-day conference organised by Online Publishers Association of Nigeria with the theme: “Free press and objective reporting in the 2019 election year.”

The EFCC boss said corruption in Nigeria was being perpetrated by individuals and groups both in the private and public sectors.

He identified former state governors, ministers, high ranking military officers, chief executives of parastatals and top bureaucrats in state and federal agencies as culprits involved in the public sector theft.

Magu said, “The alarming rate of corruption committed by these unpatriotic elements can be partly seen in the number of convictions secured by the EFCC from Nigerian courts since I assumed duty as the head of the commission in 2015.

“The figure stands at 103 in 2015, 195 in 2016, 189 in 2017 and 312 for the period of January to December 2018. The total figure for the period of 2015 to 2018 is a mind-blowing 799 convictions. In the process of such convictions, the EFCC recovered N794.5bn, $261m, £1.1m, €8.1m and CFA86, 500.

“One of the most graphic ways through which the absence of democratic accountability manifests itself in Nigeria today is through the prevalence of rampant corruption at all levels of governance. For example, Transparency International reported that Nigeria was the most corrupt country in the world for years: 1996, 1997, 2000 and second in the line for remaining years up to 2003.

“In February 2015, a high-level panel on illicit financial flows from Africa constituted by the African Union, under the chairmanship of a former President of South Africa, Thabo Mbeki, revealed that Nigeria ranked first among ten African countries by cumulative illicit financial flows between 1970 and 2008. The total outflow from Nigeria for the period was $217.7bn constituting about 30.5 per cent of Africa’s total share.”

https://punchng.com/217bn-taken-out-of-nigeria-illegally-in-38-years-efcc/

gbishman:
This is very stupid information, lets us know how much has been illegal taken out of Nigeria since 1999 to date.

post=74844201:
DAMN IT!
Calculators can't convert this to Naira!
And for all these years they raped our nation blindly.
They shared the billions among themselves.
All corrupt and evil politicians will never go scot free.
They will all end painfully in this life and the life to come.

217,000,000,000,000,000,000,000,000,0000

yungcrae:
According to Punch News Nigeria - Source

Nigeria has recorded illicit financial outflows of $217.7bn in 38 years, specifically between 1970 and 2008, the Economic and Financial Crimes Commission, said in Abuja on Wednesday.

The commission stated that the various investigations, arrests, prosecution and assets recoveries over the years had confirmed that the level of corruption in Nigeria had been truly staggering.

The Acting Chairman of EFCC, Ibrahim Magu, represented by its Acting Spokesperson, Tony Orilade, expressed these views at a one-day conference organised by Online Publishers Association of Nigeria with the theme: “Free press and objective reporting in the 2019 election year.”

The EFCC boss said corruption in Nigeria was being perpetrated by individuals and groups both in the private and public sectors.

He identified former state governors, ministers, high ranking military officers, chief executives of parastatals and top bureaucrats in state and federal agencies as culprits involved in the public sector theft.

Magu said, “The alarming rate of corruption committed by these unpatriotic elements can be partly seen in the number of convictions secured by the EFCC from Nigerian courts since I assumed duty as the head of the commission in 2015.

“The figure stands at 103 in 2015, 195 in 2016, 189 in 2017 and 312 for the period of January to December 2018. The total figure for the period of 2015 to 2018 is a mind-blowing 799 convictions. In the process of such convictions, the EFCC recovered N794.5bn, $261m, £1.1m, €8.1m and CFA86, 500.

“One of the most graphic ways through which the absence of democratic accountability manifests itself in Nigeria today is through the prevalence of rampant corruption at all levels of governance. For example, Transparency International reported that Nigeria was the most corrupt country in the world for years: 1996, 1997, 2000 and second in the line for remaining years up to 2003.

“In February 2015, a high-level panel on illicit financial flows from Africa constituted by the African Union, under the chairmanship of a former President of South Africa, Thabo Mbeki, revealed that Nigeria ranked first among ten African countries by cumulative illicit financial flows between 1970 and 2008. The total outflow from Nigeria for the period was $217.7bn constituting about 30.5 per cent of Africa’s total share.”

https://punchng.com/217bn-taken-out-of-nigeria-illegally-in-38-years-efcc/

Iceman2017:

Please understand the word "till date". Means even in your Messiah administration, corruption is still ongoing.

post=74844872:
we know dat is d only tin ur blind eyes saw in the date.
Hypocrites.
Gerarahere abeg.
Supporter of criminals

Silvermoney:
That is less than the combined net worth of only two men in America - Jeff Bezos and Bill Gates. Is Nigeria really a rich country?