Osinbajo made the disclosure on Thursday, April 7, 2016, while speaking at the first National Forum on the Economy in Lagos, ThisDay reports.
‘Corrupt individuals stole half of our foreign reserves,’ Vice President says
Osinbajo made the disclosure on Thursday, April 7, 2016, while speaking at the first National Forum on the Economy in Lagos.
Vice President of Nigeria, Yemi Osinbajo
Recommended articles
“If some individuals can make away with $3 million in just one sector and $4 million from another sector, you can understand perfectly why we are facing the current challenges,” Osinbajo said.
“Our foreign reserves stand at $27 billion. If some individuals can make away with half of our foreign reserves, we will not have been able to see monies coming in.
“Those individuals may not be able to account again. In the future, it will not be acceptable. It will not be tolerated,” he added.
ADVERTISEMENT
Osinbajo also said that the amount of resources individuals “have pocketed in this country is what accounts for where we are today.”
The Vice President had earlier said that there would be no sacred cows in the ongoing war against corruption.
---------------------------------------------------------
Pulse Photo-News gallery below:
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Tinubu celebrates Onakoya's ingenuity to set new Guinness World chess record
Parents to donate organs of their baby who died after falling from hotel window
French police detain man who threatened to bomb Iran consulate in Paris
FCCPC begins fact-finding engagements in markets to crash food prices
Gunmen kill 13 persons in fresh Plateau attack - Police
Aiyedatiwa, 15 other APC aspirants jostle for 171,922 votes at Ondo guber primary
Tinubu wants South Korean company to establish production bases in Nigeria
NCDC remains concerned as mysterious illness continues to spread in 3 northern states
Only God gives power, Atiku resigned to fate in WhatsApp chat with supporters
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT
