Nigeria reveals embezzlement by past government
By Al Jazeera
11 June 2016 |
4:24 pm
The Nigerian government says it has recovered more than $10bn in cash and assets stolen by politicians from the previous administration. Most of the money was spent on property, vehicles, and jewellery.
Related
Related
30 Mar
A new UN report detailed different types of gang violence which have intensified this year. Gangs have taken over much of the capital, and staged an insurrection to overthrow Prime Minister Ariel Henry.
30 Mar
French Prime Minister Gabriel Attal signals a further tightening of unemployment benefits as France seeks to reduce an unexpectedly large budget deficit. Meanwhile, the government rules out new taxes, despite calls from French lawmakers to tax corporate windfalls and share buybacks. We take a closer look in this edition.
30 Mar
Members of St. Francis Catholic Church reenact the Stations of the Cross, suffering and death of Jesus during Holy Friday in Ikeja, Lagos, Nigeria.
10 Apr
Nigeria has begun the rollout of the MenFive vaccine in high-risk areas, securing millions of doses to protect children from all five strains of meningitis. The potentially fatal disease poses a grave threat to young children globally, with sub-Saharan Africa being particularly vulnerable to it.
13 Apr
Nigeria's government says the rise will only affect 1.5 million consumers, mostly manufacturers. But analysts believe the hike will lead to higher inflation and result in job losses and closures of businesses.
12 Apr
A decade on, the world has largely forgotten about the Chibok girls, who were kidnapped by Nigeria's Boko Haram Islamist militants. But for victims and their families, like Solomon Maina, who is still waiting for news about his daughter, the tragedy is ongoing.
Latest
43 mins ago
As India's opposition leader Rahul Gandhi claims on the campaign trail that Prime Minister Narendra Modi has made the country into a "centre of unemployment", we look at the situation that young Indians face on the job market. Also in this edition, the US will see its first high-speed rail line in 2028, when commuters will be able to travel from Los Angeles to Las Vegas in just over two hours.
43 mins ago
The European Commission on Wednesday announced it is launching an investigation into Chinese public procurement of medical devices.
3 hours ago
Guardian Woman Festival: Fostering inclusion and empowerment in aviation.
7 hours ago
Private sector players are urging the Nigerian government to suspend the increase in electricity tariff for band A customers, citing the recent appreciation of the naira, a part of the determining factor for the tariff. Segun Ajayi-Kadir, Director General of the Manufacturers Association of Nigeria, joins CNBC Africa for this and more.
8 hours ago
Amnesty International is accusing Israel of a flagrant disregard for international law during its offensive in Gaza. The organisation's annual report says the situation is being compounded by the failures of Israel's allies to stop the indescribable civilian bloodshed being seen in the Palestinian enclave.
8 hours ago
The president of the Confederation of African Football (CAF) Patrice Motsepe discussed his ambitions for African football and his tenure as CAF president.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
2 Comments
YES, YOU ARE RECOVERING THE LOOTS – THE ONES YOU CAN FIND, BUT THE BIG QUESTION IS: AFTER BUHARI WHAT ARE YOU GOING TO DO TO KEEP A CAP ON THE CRIME OR IMPROPRIETIES? Your best bet now is to consider my solution handed to the government as early as 2005 to 2012 if you can get your heads over the solution – and see if you can decipher the germ! You can see solution for your Assets Declaration problem also and when you decide on what to do more, they should be made to pay taxes on all the Assets please as a an avenue for revenue generation in Nigeria! Also those with ‘Oil and Gas Block’ should be made/ compelled to invest in Nigeria and pay taxes also not donation only!
Nigeria – Big country with culture and customs all aimed to exploit the people and return to show-off their wea;th not for creation of industries but self and group aggrandizement of unbelievable levels/ proportions!
Ah ah, CNN won’t show a video of American news covered by Aljazeera from far away Emirate, haba Naija, na wao!
We will review and take appropriate action.