₦airaland Forum

Hahaha....how much is he willing to repay? 11billion or 38 billion?

He stole this money between 1999 and 2003. Assuming that we calculate from 2004 and say he held the money for 11 years.....he does not expect that the money will still cost the same.

At an inflation rate of 10% for 11 years, 11billion naira in 2004 will become a whooping N37,974,983,358.32 in 2015. So he should be ready to pay approximately 38 billion naira and not consider his people fools.

This money is exactly $253,166,533 which would have provided the country with 506 modular refineries, thereby providing 101,2066 people with jobs.