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55 Nigerians Stole N1.4trillion From The Nation – Prof. Sagay Reveals

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The Chairman of the Presidential Advisory Committee Against Corruption, PACAC, Itse Sagay, has yesterday disclosed that a total of 55 top government officials and businessmen stole the sum of N1.4 trillion during the administrations of former Presidents Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan.

Prof. Sagay, according to Vanguard revealed this while speaking in Abuja at the conference on Promoting International Co-operation in Combating Illicit Financial Flows and Enhancing Asset Recovery to Foster Sustainable Development.

Sagay was reported to have said that a recent study conducted on corruption activities in Nigeria between year 2006 and 2013 revealed that 55 government officials and businessmen profited illicitly from the nation’s purse.

Sagay noted that the stolen amount declared was exclusive of the fuel subsidy scam, billion arms purchase scam, hundreds of millions of dollars taken from the Nigerian National Petroleum Corporation by a former minister to bribe election officials in 2015.

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