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Nairaland Forum / Nairaland / General / Politics / FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC (5633 Views)
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FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by yungcrae(m): 10:32am On Jan 17, 2019 |
According to Punch News Nigeria - Source Nigeria has recorded illicit financial outflows of $217.7bn in 38 years, specifically between 1970 and 2008, the Economic and Financial Crimes Commission, said in Abuja on Wednesday. The commission stated that the various investigations, arrests, prosecution and assets recoveries over the years had confirmed that the level of corruption in Nigeria had been truly staggering. The Acting Chairman of EFCC, Ibrahim Magu, represented by its Acting Spokesperson, Tony Orilade, expressed these views at a one-day conference organised by Online Publishers Association of Nigeria with the theme: “Free press and objective reporting in the 2019 election year.” The EFCC boss said corruption in Nigeria was being perpetrated by individuals and groups both in the private and public sectors. He identified former state governors, ministers, high ranking military officers, chief executives of parastatals and top bureaucrats in state and federal agencies as culprits involved in the public sector theft. Magu said, “The alarming rate of corruption committed by these unpatriotic elements can be partly seen in the number of convictions secured by the EFCC from Nigerian courts since I assumed duty as the head of the commission in 2015. “The figure stands at 103 in 2015, 195 in 2016, 189 in 2017 and 312 for the period of January to December 2018. The total figure for the period of 2015 to 2018 is a mind-blowing 799 convictions. In the process of such convictions, the EFCC recovered N794.5bn, $261m, £1.1m, €8.1m and CFA86, 500. “One of the most graphic ways through which the absence of democratic accountability manifests itself in Nigeria today is through the prevalence of rampant corruption at all levels of governance. For example, Transparency International reported that Nigeria was the most corrupt country in the world for years: 1996, 1997, 2000 and second in the line for remaining years up to 2003. “In February 2015, a high-level panel on illicit financial flows from Africa constituted by the African Union, under the chairmanship of a former President of South Africa, Thabo Mbeki, revealed that Nigeria ranked first among ten African countries by cumulative illicit financial flows between 1970 and 2008. The total outflow from Nigeria for the period was $217.7bn constituting about 30.5 per cent of Africa’s total share.” https://punchng.com/217bn-taken-out-of-nigeria-illegally-in-38-years-efcc/ 1 Like
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Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Josh2x: 10:50am On Jan 17, 2019 |
And we are hoping for a better tomorrow When our tomorrow has already been stolen years back 11 Likes 1 Share
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Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Administration1: 10:50am On Jan 17, 2019 |
That kind money fit lift us out of poverty and compete with other great nations |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Nobody: 10:51am On Jan 17, 2019 |
Not much, we should be focusing on productivity not counting lost coins. 5 Likes 2 Shares |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Silvermoney: 10:51am On Jan 17, 2019 |
That is less than the combined net worth of only two men in America - Jeff Bezos and Bill Gates. Is Nigeria really a rich country? 7 Likes |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by MANNABBQGRILLS: 10:51am On Jan 17, 2019 |
DAMN IT! Calculators can't convert this to Naira! And for all these years they raped our nation blindly. They shared the billions among themselves. All corrupt and evil politicians will never go scot free. They will all end painfully in this life and the life to come. 217,000,000,000,000,000,000,000,000,0000 5 Likes 2 Shares
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Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by pembisco(m): 10:51am On Jan 17, 2019 |
I'm sure about $215b out of the $217b is within 2015-2018 Argue with your useless lifeless phuul who couldn't utter a word yesterday. 6 Likes |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by lilmax(m): 10:51am On Jan 17, 2019 |
and na only last 16 years that idiot like to dey echo 3 Likes |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Lexusgs430: 10:52am On Jan 17, 2019 |
They should go and find it nah ...... |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Nobody: 10:52am On Jan 17, 2019 |
Gej got us BVN and TSA to fight corruption, what has buhari contributed to corruption fighting? 3 Likes |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by megacity: 10:53am On Jan 17, 2019 |
Don't just make wild statements ...if EFCC knows how much was taken out, it follows they also know the names of those that took them out Please do us a favour, tell us the names of those that took them out so we can get our money back That time has passed is not enough grounds for us not to get our money back....if we cant get all, let's at least get the one wey they chop remain 4 Likes |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by magoo10(m): 10:54am On Jan 17, 2019 |
I hope ganduje dollar is also among that figure |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by gbishman: 10:54am On Jan 17, 2019 |
This is very stupid information, lets us know how much has been illegal taken out of Nigeria since 1999 to date. |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by namio10: 10:55am On Jan 17, 2019 |
The same looters change political parties - from APC to PDP and vice versa, according to where they want political power to reside - north or south. |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Nobody: 10:56am On Jan 17, 2019 |
yungcrae: Nation of thieves. Anything not tied down in Nigeria will be stolen. |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by naijaguy123456(m): 10:57am On Jan 17, 2019 |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Acidosis(m): 10:57am On Jan 17, 2019 |
The same leaders from 1970 are still very much in the system till date, all spread across the two major parties. 2 Likes |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by ojialo(m): 10:59am On Jan 17, 2019 |
gbishman: 2 Likes
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Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Guestlander: 11:01am On Jan 17, 2019 |
Atiku illegally sent at least 40 million out of that amount. The Americans are my witness. |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by AGNESikpuNNU(f): 11:04am On Jan 17, 2019 |
Ok ... but how much was taken out between 2015 and 2019. I just wan help a friend ask o! 1 Like 1 Share |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Iceman2017(m): 11:04am On Jan 17, 2019 |
post=74844201:Please understand the word "till date". Means even in your Messiah administration, corruption is still ongoing. 1 Like |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Alfaab: 11:05am On Jan 17, 2019 |
yungcrae: Choi!!! |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by AntiWailer: 11:08am On Jan 17, 2019 |
Na wa |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by MANNABBQGRILLS: 11:11am On Jan 17, 2019 |
Iceman2017:we know dat is d only tin ur blind eyes saw in the date. Hypocrites. Gerarahere abeg. Supporter of criminals 1 Like 2 Shares |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Christty(f): 11:13am On Jan 17, 2019 |
Can we do without corrupt leaders in Nigeria? May God rise and answer our prayer. |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by NothingDoMe: 11:13am On Jan 17, 2019 |
post=74844872:It indicts Buhari. You need to stop being sentimental. You were doing so well until Buhari's town hall meeting. It's really affected your composure. 1 Like |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by Olawalesmarter(m): 11:16am On Jan 17, 2019 |
Silvermoney: Yeah we may not be a Rich country because you are troll, But Nigeria is the Richest in Africa how about that and i don't know idiot like you can determine the richness of a country through stolen funds |
Re: FRAUD: $217bn Taken Out Of Nigeria Illegally Between 1970 Till Date – EFCC by slowice(m): 11:17am On Jan 17, 2019 |
Imagine, they didn't even include the ones stolen by Buhari's boys and family since 1984, 2015 till date |
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