About $56 billion (N11 trillion) was looted under the government of former president Goodluck Jonathan, the All Progressive Party claims.
The APC revealed that some minsters under the administration embezzled about $6 billion, adding that Muhammad Buhari was going to do his best to recover this funds.
160 million barrels of crude oil worth $13.9bn (N2.74tn) and NLNG dividends worth $13bn (N2.56tn) are also unaccounted for.
The figures were released in a statement on Sunday by the APC’s National Publicity Secretary, Alhaji Lai Mohammed.
“Some instances of the looting are as follows: N3.8tn out of the N8.1tn earned from crude oil (2012-2015) withheld by NNPC; $2.1bn (N413.7bn) from Excess Crude Account unaccounted for; Department of Petroleum Resources’ unremitted N109.7bn royalty from oil firms.”
“Others are: $6bn (1.2tn) allegedly looted by some ministers of the last administration; 160 million barrels of crude worth $13.9bn (N2.74tn) lost between 2009 and 2012; $15m (N2.96bn) from the botched arms deal yet to be returned to Nigeria; $13bn (N2.56tn) in NLNG dividends mostly unaccounted for; N30bn rice waiver; and N183bn unaccounted for at the NDDC.”
Mohammed criticized people who ask the Buhari-led administration not to probe the Goodluck administration.
“Truly, what sort of governance can go on if the billions of naira in a few hands are not recovered? In the first instance, the government needs every kobo of the funds it can muster to bring about the change it has promised Nigerians.”
“Secondly, leaving such hair-raising funds in the hands of the few looters is dangerous, because they can use the funds to destabilise any government.”
“In fact, no one will be surprised if the looters use their dirty funds to sponsor public demonstrations against the government’s determination to recover the funds.”
“Thirdly, allowing those who privatised the commonwealth to get away is offering a thumbs-up for looting. No responsible government will do that.”