Buhari’s minister reveals discovery of N8.1trn fraud in 15 revenue-generating agencies

Buhari’s minister reveals discovery of N8.1trn fraud in 15 revenue-generating agencies

- The federal government says 15 revenue agencies are involved in the fraud

- The government further reveals that N8.1 trillion was not remitted to the federal account

- Governor Rauf Aregbesola claims his state would have benefitted N75 billion from the amount

The information and culture minister, Alhaji Lai Mohammed, on Monday, May 21, said 15 revenue generating agencies of the Nigerian government failed to remit N8.1 trillion to the Federation Account between 2010 and 2015.

Alhaji Mohammed made the disclosure in Osogbo, Osun state, while commissioning the channelization, de-silting, flood control and development of Okoko and Ogbagba rivers, phases one and two, on behalf of President Muhammadu Buhari.

According to him, the discovery by the auditing firm KPMG is many times worse than the N1.34 trillion carted away by 55 public officials between 2006 and 2013.

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“Recently, the federal government ordered an audit (between 2010 and 2015) of 15 government revenue generating agencies. The result was the discovery that the agencies had not remitted over 8.1 trillion Naira to the Federation Account. This amount is about six times the N1.34 trillion that was stolen between 2006 and 2015.

'”It is also the equivalent, on the average, of the country's yearly national budget! Imagine, for a moment, how many kilometres of roads could have been constructed, how many kilometres of rail tracks that could have been laid, and how many modern hospitals and schools that could have been built if that money had been properly accounted for,” Alhaji Mohammed said.

A statement from his office made available to Legit.ng stated that Mohammed told the mammoth crowd at the commissioning that the Buhari administration's fight against corruption remains very critical because it will free the much-needed resources for national development.

The statement quoted the minister as saying the projects being executed by the present administration, including the one that was commissioned in Osogbo - one of 53 being commissioned across the country - could have long been completed but for the mind-boggling looting of the treasury by previous administrations, which deprived the nation of infrastructural growth

He said that every kobo that is not looted is a plus for development as he added: “This is why we will not stop talking about those who have looted the public treasury, despite the pushback from their apologists.

“If we do not stop the looting of the treasury, there will be no money for the kind of projects we are commissioning here in Osogbo today.”

Governor Rauf Aregbesola of the state of Osun corroborated the minister's disclosure saying the amount was unaccounted for by 15 revenue generating agencies.

Aregbesola said the share of his state from the said amount is N75 billion which, he said, would have been more than enough to pay all civil servants their salaries and complete all infrastructural projects of the government.

Speaking on the commissioned project, the minister said this is the first time the ecological fund office is ever commissioning any project and handing it over to the host community.

Speaking about the project, the minister said: “I have no doubt in my mind that the successful completion of these projects would enhance the holistic solutions to soil erosion and flood menace in Osogbo town.

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“This would at the same time reduce the danger to lives and property associated with erosion and persistent flooding that has been experienced here in the recent time.”

Legit.ng earlier reported the federal government on Friday, March 30, and through Lai Mohammed, released a list of some of those who have been accused of looting the nation’s treasury under the administration of the Peoples Democratic Party (PDP).

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Source: Legit.ng

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