FG declares a public holiday


 The Federal Government of Nigeria has declared January 1st, 2016 as public holiday to mark the new year celebration.

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Newspaper review: 55 Nigerians stole N1.34 trn in 8 years – Min. of Information

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Minister of Information, Alhaji Lai Mohammed while addressing a world press conference in Abuja yesterday to mark the beginning of the war against corruption in Nigeria said that 55 Nigerians stole a combined amount of N1.34 trillion between 2006 and 2013. The minister said 15 former Governors stole N146.84 billion; four former ministers stole N7 billion; 12 former public officers both at Federal and State levels stole over N14 billion; eight Nigerians in the banking sector - N524 billion , while 11 businessmen stole N653 billion. Lai said that, using World Bank rates and costs, one-third of the stolen funds could have provided 635.18 kilometres of roads; 36 ultra-modern hospitals per state; 183 schools; educated 3,974 children from primary to tertiary level at 25.24 million per child and built 20,062 units of 2-bedroom houses. He said: “This is the money that a few people, just 55 in number, allegedly stole within a period of just eight years. And ...
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