Teaching Comparative Government and Politics

Wednesday, February 15, 2017

How big a deal?

President Buhari may be in London for medical care, but back in Nigeria, the anti-corruption campaign goes on.

Is this such a big deal that the government is threatened? How about the regime? (BTW: Know anyone who gets or gives gifts worth $10 million? Can you pass my name to them?)

Nigeria seizes $10 million from ex-state oil manager
Nigeria's anti-corruption agency says agents seized nearly $10 million from a safe in a slum building belonging to a former manager of the state oil company.

Spokesman Wilson Uwujaren of the Economic and Financial Crimes Commission says intelligence led to a raid last week on the building in northern Kaduna city, where agents uncovered "a staggering sum of 9,772,800. U.S. dollars and another sum of 74,000 pounds sterling cash."

He says the loot was hidden in a fire-proof safe and has been claimed by building owner Andrew Yakubu, who was managing director of the Nigerian National Petroleum Corp. from 2012 to 2014. Yakubu said the money was gifts, according to Friday's statement from Uwujaren.

Yakubu is already awaiting trial on charges of money laundering…

Commission chairman Ibrahim Magu, meanwhile, said Thursday the agency had recovered $385 million worth of looted cash in 2016…

Magu said the commission secured 135 convictions last year, though none have been of high-profile former Cabinet ministers or senior civil servants…

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