By Naomi Sharang
The Acting Chairman, Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, said over N1.3 trillion was stolen from Nigeria by 32 entities between 2011 and 2015.
Magu disclosed this at an event held in Lagos, on Monday, according to a statement by the commission’s Acting Head, Media and Publicity, Mr Tony Orilade.
The event was the “2019 First Batch Conversion Training Programme to Procurement Cadre for Federal Parastatals and Agencies.
It was organised by the Bureau of Public Procurement (BPP).
Magu, who was represented by the commission’s Secretary, Mr Ola Olukoyede, decried that this was a huge financial loss to the country.
He said “One third of this money, using world bank rates and cost, could have comfortably been used to construct well over 500 kilometre of roads.
“Build close to 200 schools; educate about 4, 000 children from…
Source: News Agency of Nigeria
