Nigeria lost $32 billion to corruption during GEJ’s administration - UK DFID

Nigeria lost $32 billion to corruption during GEJ’s administration - UK DFID

- The UK Department for International Development says Nigeria lost $32 billion to corruption during the GEJ regime

- The amount represents nearly 16% of the previous government’s money; which should have been invested into the future of Nigerians

- The DFID urged Nigerian youths to play a part in President Muhammadu Buhari’s anti-corruption fight

The UK Department for International Development (DFID) has stated that during the 6-year administration of immediate past president, Goodluck Jonathan, Nigeria lost $32 billion to corruption, The Cable reports.

NAIJ.com gathers that the revelation was made by the head of DFID Nigeria, Debbie Palmer, during an event in commemoration of the 2017 international anti-corruption day, which was organised by Youngstars Foundation Initiative.

Nigeria lost $32 billion to corruption during GEJ’s administration - UK DFID

Ex-President Goodluck Jonathan (Photo credit: Hope for Nigeria)

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Palmer stated: “An independent report estimates that up to $32bn was lost to corruption under the previous government. This is around 15 percent of state resources during the period, and could well be an underestimate.

“So, the estimate is that nearly 16 percent 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 further stated that the youths had an important role to play in President Muhammadu Buhari’s anti-corruption fight.

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Meanwhile, NAIJ.com previously reported that former president, Goodluck Jonathan, hinted that there were instances of corruption during his administration, and admitted that he failed to plug all the loopholes.

The Peoples Democratic Party under the former president has been blamed for massive cases of corruption in the country with Diezani Alison-Madueke who served as minister of petroleum resources accused of gross misappropriation of the country’s fund to finance the party ahead of the 2015 elections.

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Source: Naija.ng

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