Politics

EFCC- 1.3trn stolen under Jonathan

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The acting chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu has revealed that the sum of N1.3 trillion was stolen under the watch of former President Goodluck Jonathan.

Magu who gave the figure during his keynote address at the 2019 first batch conversion training programme organised by the Bureau of Public Procurement (BPP) said the money was stolen between 2011 and 2015.

He also added that the money was stolen by 32 entities, including private individuals and organisations during Jonathan’s administration.

He said, “One third of this money, using world bank rates and cost, could have comfortably been used to construct well over 500km of roads; build close to 200 schools; educate about 4000 children from primary to tertiary levels at N25million per child; build 20,000 units of two-bedroom houses across the country and do even more.