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09 May 2006 - 10 Feb 2021
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MONDAY, JUNE 27, 2005
Nigeria's corruption totals $400 billion
Big News Network.com

Nigeria's past rulers stole or misused some $400 billion during the last four decades of the 20th century, a report has revealed.

Mallam Nuhu Ribadu, the chairman of Nigeria's Economic and Financial Crimes Commission, said $400 billion was squandered between independence from Britain in 1960 and the return of civilian rule in 1999, reported the Daily Telegraph Saturday.

'We cannot be accurate down to the last figure but that is our projection, said Osita Nwajah,' a commission spokesman.

The $400 billion is about the same amount of all western aid to Africa in the last 40 years.

While Britain's Chancellor of the Exchequer Gordon Brown has suggested a Marshall Plan for Africa, Nigeria's rulers have already taken for themselves the equivalent of six Marshall Plans -- money given by the United States to rebuild Europe following World War II.

The 35 billion barrels of oil reserves in Nigeria allowed a succession of military rulers to steal the money and deposit the profits mainly in western banks, the Telegraph said.
posted 2:36 PM 
4 Comments:
Pro-rights said...
If this is true, Nigeria, you win the 'most corrupt trophy', we loose to you.
Tuesday, June 28, 2005 1:07:21 PM
cble said...
Bagaimana di Malaysia?
Banyak mana sudah diferaidkan oleh jongos2 UMNO dan BN selama DrM memerintah negara. Mungkin RPK boleh membantu menyiasat perkara ini untuk pengetahuan umum.
Tuesday, June 28, 2005 2:22:51 PM
cble said...
Lanjutan kepada diatas, apakah benar seorang ahli parlimen pembangkang ada mengemukakan pertanyaan dalam parlimen yang bermesyuarat hari ini berkenaan wang RM50 billion kepunyaan isteri KM S'wak. Sila beritahu jika ada maklumat lanjut
Tuesday, June 28, 2005 9:43:59 PM
cble said...
Lanjutan kepada diatas, apakah benar seorang ahli parlimen pembangkang ada mengemukakan pertanyaan dalam parlimen yang bermesyuarat hari ini berkenaan wang RM50 billion kepunyaan isteri KM S'wak. Sila beritahu jika ada maklumat lanjut
Tuesday, June 28, 2005 9:44:03 PM
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