Well over US$3.6 billion (1.3 trillion naira) was stolen from public coffers between 2011 and 2015, a sum that could have secured the future of the next generation, the acting chairman of the Economic and Financial Crimes Commission (EFCC), Nigeria’s anti-graft body, said on Monday.
Nigerian President Muhammadu Buhari called on Sunday for more rigorous actions against perpetrators of financial crimes, vowing to bolster the country’s legislation and institutions to fight corruption, recover stolen assets, and punish offenders.
Nigeria’s government has been increasingly siphoning money from a US$670 million military slush fund in the run-up to the elections, leaving the country open to more political instability, Transparency International reported Monday.
Nigerian President Muhammadu Buhari sacked two senior government officials on Monday following recommendations from an anti-corruption panel, OCCRP partner Premium Times reported.
Nigeria’s anti-corruption agency on Wednesday raided an upscale Lagos apartment and found more than US$43 million in filing cabinets and wardrobes, the Globe and Mail reported.
Nigerian officials said that in only two months they regained about US$ 177 million of stolen state funds thanks to a scheme that offers whisteblowers up to five percent of the sum they help discover.
Former military ruler and self-described enemy of graft Muhammadu Buhari has been elected the next president of Nigeria.
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