The Chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, says over N1.3 trillion was stolen by 32 entities between 2011 and 2015 – under ex-President Goodluck Jonathan.
Magu discloses this at an event held in Lagos, on Monday, according to a statement by the commission’s Acting Head, Media and Publicity, Tony Orilade.
One-third of this money (#1.3trn), using world bank rates and cost could have comfortably been used to construct well over 500 kilometres of roads.
Build close to 200 schools; educate about 4, 000 children from primary to tertiary levels at N25 million per child; build 20, 000 units of two-bedroom houses across the country and do even more.
The cost of this grand theft, therefore, is that these roads, schools and houses will never be built and these children will never have access to quality education.