EZEKWESILI: $400BN OIL REVENUE MISAPPROPRIATED

Can you guys beleive that over $400billion of the nation’s oil revenue has either been stolen or misappropriated since Nigeria gained independence in 1960. Not Naira ooo, Dollars, as in US Dollars.

This was disclosed by the former Vice President for Africa of the World Bank, Dr. Oby Ezekwesili, while presenting a paper titled: ‘Corruption, National Development, The Bar and The Judiciary’, at the ongoing 52nd Annual General Meeting (AGM) of the Nigerian Bar Association (NBA) in Abuja.

She stated that,  "while oil accounted for about 90 per cent of the value of Nigeria’s exports, over 80 per cent of that money ended up in the hands of one per cent of the population. Poor governance of public resources and assets in Nigeria, she added, is worsening at every level of government, institutions of state, the private sector and is engulfing the wider society."

That one percent I beleive to be politicians, oil marketers and other corrupt leaders of this country o. I am so mad, so so mad.