Across Nigeria Corruption Matters Main News News

Stolen $3bn could have built seven roads, 2nd Niger Bridge —Osinbajo

Vice-President Yemi Osinbajo on Tuesday said the $3bn allegedly embezzled during the last administration through the Strategic Alliance Contract with the Nigerian National Petroleum Corporation and the Nigerian Petroleum Development Company could have been used to construct seven major roads and the Second Niger Bridge.

He said the present administration had reversed what he called grand corruption in public finance and the impunity which attended the conduct of public business especially in the past five years.

He insisted that the main reason for Nigeria’s recursive growth was not just a matter of its relying heavily on a single commodity, but that the proceeds of that single commodity were regularly hijacked consistently by a few.

Osinbajo said these in his address at the 2018 Ogun State Investors’ Forum held in Abeokuta.

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