Government & Politics

$15bn Lost to Corruption Affected Nigeria’s Economy – Osinbajo


Vice President, Professor Yemi Osinbajo (SAN), yesterday disclosed that a mind-boggling sum of $15bn lost to corruption in security equipment procurement had adversely affected the   economy of the country.

He said this in Ibadan  at the 50th anniversary of the “House of Lords, Nigeria”, which held at the University of Ibadan. He vowed that this administration would not spare any corrupt official warning that “those found to be corrupt will not only  disgorge the property stolen but will have to pay for it in terms of sanctions according to the law. We believe that it is important to sound this warning that no public officer can steal the resources of this country and try to escape. I hope that this message is loud and clear and it will inform right behaviour in the future”

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