Nigeria Lost $32bn To Corruption Under Jonathan – DFID

Published date: 12/12/2017
Modified date: 12/12/2017

About $32bn was lost to corruption during the six-year administration of ex-President Goodluck Jonathan, the United Kingdom’s Department for International Development said on Monday.

The agency said the huge amount represented 16 per cent of the previous government’s resources that could have been channeled to development.

The agency’s Head of Office, DFID Nigeria, Debbie Palmer, said this at the expression of undergraduate debates challenge to celebrate this year’s international anti-corruption day.

The event was organized by a non-governmental organization, Youngstars Foundation Initiative in Abuja.


She said millions of dollars tied up in legal challenges remained in other countries.

Palmer said: “An independent report estimates that up to $32bn was lost to corruption under the previous government. This is around 15 per cent of state resources during the period and could well be an under-estimate.

“So the estimate is that nearly 16 per cent of the previous government’s money was lost to corruption. That is a staggering amount of money. And that is money that is to all of you and to your future. That is why we all should care about corruption.

“Millions of dollars also remain in other jurisdictions tied up in legal challenges.”

Palmer said youths in the country have a critical role to play in President Muhammadu Buhari’s anti-graft fight.

She added that the UK is committed to supporting Nigeria to tackle corruption in all its various forms through its anti-corruption programme in Nigeria.

Source: Thenation


Share by email Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Pin on Pinterest

Contact seller Share

Useful information

  • Avoid scams by acting locally or paying with PayPal
  • Never pay with Western Union, Moneygram or other anonymous payment services
  • Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
  • This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"

Related listings

  • US Import Of Nigerian Crude Hits Four-year High
    US Import Of Nigerian Crude Hits Four-year High
    News - - 12/11/2017

    For the first time in more than four years, the United States’ monthly import of Nigerian crude oil rose to 12.29 million barrels in August, the latest report from the US Energy Information Administration has revealed. The US imported a total of 28.5...

  • Judge Arrested For Demanding N200m Bribe
    Judge Arrested For Demanding N200m Bribe
    News - - 12/07/2017

    Judge arrested for demanding N200m bribe The Independent Corrupt Practices and other related offences Commission has commenced a probe into the 24,325 government properties that were sold to government officials under the monetisation policy of forme...

  • How I Became A Slave In Libya – Nigerian Victim
    How I Became A Slave In Libya – Nigerian Victim
    News - - 12/04/2017

    The Edo State indigene, whose emotion-laden interview with CNN’s Nima Elbagir in a Libyan deportation camp, was viewed by millions worldwide, shared his life-experiences in T.B. Joshua’s church on Sunday. The young barber explained that his father di...