Up to $15 billion stolen from Nigeria in arms dealsStaff writer ▼ | May 9, 2016
Around $15-billion was stolen from state coffers under the previous government through fraudulent arms procurement deals, the vice-president said.
Africa Nigerian Vice-President Yemi Osinbajo:
President Muhammadu Buhari said the theft of "mind-boggling" sums of oil money meant state coffers were virtually empty.
The total sum lost to corruption related to the provision of security equipment to the military and amounted to about $15-billion, Vice-President Yemi Osinbajo said.
His claims are the latest in a string of allegations by members of Buhari's administration.
In January the information minister said 55 government ministers, state governors, public officials, bankers and businessmen stole $6.8-billion in seven years. ■