After Seeing How N3.1Trillion Was Stolen By Past Government President Buhari Reportedly Shed Tears

According to Vanguard, President Muhammadu Buhari, who had thought that he had seen the worst of how corrupt practices have in the last few years brought Nigeria to her knees almost lost his cool when it was brought to his attention that a whopping $16billion – at the official exchange rate of N196, this comes to N3.136 trillion; while, with the parallel market rate of N315, it comes to a whopping N5.04trillion – of the nation’s crude oil revenue loss could be traced to some sharp practices by some individuals in Nigeria’s oil and gas sector.

The quantum of funds in question are revenue that ought to have accrued to Federal Government through oil-lifting deals which are now subject of intensive investigations.

Specifically, one of the arrow heads of the crude oil lifting scam…

Who has been invited and interrogated by the Economic and Financial Crimes Commission, EFCC, at least twice before, has been granted administrative bail, and “who is alleged to be warehousing a sizable chunk of the money, drew the ire of Mr. President”, an Aso Rock Presidential Villa source disclosed.

Even visiting South African President, Jacob Zuma, was caught in the cross winds of Buhari’s reinvigorated anti-graft stand, as he said every kobo of the stolen funds must be recovered. Similarly, information suggests that the United States government is helping in the provision of intelligence on how to trace some of the stolen funds from Nigeria that were secretly moved out.