Former President of Nigeria, Chief Olusegun Obasanjo has allegedly returned $200 million back to Nigeria and some names of corrupt leaders including names of two ex-Presidents and Governors as well.
Since the House of Representatives has started investigations into how a $5 million grant given to the Lake Chad Basin Commission during the administration of former president Olusegun Obasanjo was spent, there seem to be so much fear in Nigeria among politicians who have massively siphoned public funds. Rumours have it that Buhari is bracing up for a massive clampdown on all corrupt officials in Nigeria.
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According to reports, the House on Thursday, December 17, noted that the money was meant to carry out study on how to direct rivers to the lake but nothing came out of it. A member of the House, Mr Ahmed Abu, said the office of the Auditor General of the Federation released a report in October 2015, that showed that the fund was not used.
The then Petroleum Minister, Diezani Alision Maduekwe was smart enough to get a wind of the grand plan, she is reportedly on the run. She is in the UK with a plan to go on a long term exile. Bode George (Former Millitary Governor of Ondo State) on the other hand is allegedly scheming his imminent exit from Nigeria to escape the viral corruption controversy.
For a country endowed with vast human as well as natural resources, it’s no news that Nigeria has become one of the biggest economy in Africa but despite the high revenue generated by the country from Oil, Agriculture and Tax, Nigeria has been hit by the resource course theory. It simply implies that oil factor has been a deficiency to the development of Nigeria, encouraging a high rate of corruption (embezzlement of public funds) and desperation for political power. Where several politicians have used political power as a gateway to enrich their pockets.